Compliance Analyst

Thread; Nashville (TN); On-site; USD 70,000 - 85,000; Full time

Job summary

A digital-first financial technology company in Nashville is seeking a Compliance Specialist to manage regulatory compliance within a fintech setting. The ideal candidate will have 3-5 years of banking experience focused on compliance, a comprehensive understanding of regulations, and the ability to thrive in a fast-paced environment. Responsibilities include monitoring compliance risks, interpreting laws, and collaborating with various teams to implement compliance solutions. Join this innovating team and help shape the future of banking.

Qualifications

• Minimum of 3-5 years Banking experience with a focus on regulatory compliance.
• Comprehensive knowledge of consumer and commercial regulations.
• Bachelor’s Degree preferred.
• Demonstrated ability to collaborate with and influence all team members.
• Ability to work in a fast-paced and team-oriented environment.
• Detail-oriented with excellent communication/presentation skills.

Responsibilities

• Build understanding of federal and state laws and regulations.
• Monitor and analyze compliance risks for bank and fintech products.
• Conduct regular monitoring and testing for compliance adherence.
• Liaise with Compliance Management on fintech solutions.
• Assist with compliance risk assessments and gap identification.
• Research and respond to compliance-related inquiries.
• Act as a subject matter expert on bank and fintech trends.

Job description

Who We Are

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

What We Are Looking For

We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.

What you’ll do

• Build an understanding of federal and state laws and regulations.
• Monitor and analyze the bank’s and bank’s sponsored fintech products, services, and operations to identify compliance risks and ensure compliance with relevant federal- and state-level privacy and consumer protection regulations.
• Monitor and interpret regulatory changes impacting the bank and fintech portfolios, providing analysis to Compliance Management.
• Conduct regular monitoring and testing of the bank and fintechs for compliance with all federal and state lending and deposit laws and regulations and recommend program or procedure enhancements as necessary to management.
• Liaise with the Compliance Management team on compliance matters specific to fintech solutions.
• Assist with compliance risk assessments for the bank and fintech platforms, identifying gaps in policies, processes, and controls.
• Assist in reviewing policies and procedures tailored to fintech operations.
• Research, analyze, and interpret complex regulations to respond to internal and external compliance-related inquiries as directed by Compliance Management.
• Assist with audit and regulatory issue remediation.
• Work cross-functionally with the bank’s product team, technology providers, and operations to integrate compliance considerations into product development lifecycles.
• Assist with the education of internal and external stakeholders on regulatory requirements, compliance processes, and best practices.
• Stay informed about fintech and compliance technology developments, advising on opportunities to integrate innovative compliance solutions.
• Act as a subject matter expert on bank and fintech trends and emerging risks.
• Participate in specialized department projects.
• Perform other job duties as assigned.

Qualifications

• Minimum of 3-5 years Banking experience with a focus in regulatory compliance
• Comprehensive knowledge of consumer and commercial regulations
• Bachelor’s Degree preferred
• Demonstrated ability to collaborate with and influence all team members at all levels which will impact change via leading/coaching in a matrixed environment
• Ability to work in a fast-paced and team-oriented environment and exhibit a sense of urgency, a commitment to customer service, quality, and timely completion of duties without oversight
• Detail-oriented with excellent communication/presentation skills (both written and verbal)

Employee must be able to perform essential functions of the position and, if requested, Thread Bank will make reasonable accommodations to enable employees with disabilities to perform the essential functions of their job, absent undue hardship, in accordance with the ADA.

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job-related information.