Compliance Officer- Fair Banking and Regulatory Program

Truist; Raleigh (NC); On-site; USD 88,000 - 110,000; Full time

Benefits offered by this job

Benefits package

Job summary

Truist in Raleigh, NC is seeking a Compliance Officer to join its Fair Banking Advisory team, focusing on Fair Lending and regulatory compliance oversight across consumer lending products and services.

The successful candidate will partner with Compliance, Risk, Audit, Analytics and business stakeholders to identify, assess, monitor, and mitigate Fair Lending risk while supporting regulatory change management, monitoring, and governance processes.

Qualifications

• Bachelor's degree in Business, Economics, Finance, or Accounting.
• Two years of compliance-related experience.
• Five years of financial institution experience.
• Demonstrated working knowledge of standard compliance concepts, policies and laws.
• Detail orientated and strong analytical skills.
• Strong communication, presentation and facilitation skills; interact with all levels of management.
• Leadership to guide and mentor junior compliance staff.
• Master's degree.
• 5 years of experience in financial services within audit or compliance.
• Prior supervisory or management experience.
• ABA Compliance School or CRCM certification.

Responsibilities

• Maintain an understanding of applicable laws, rules and regulations for coverage areas and provide regulatory guidance.
• Review regulatory changes and assess their impact on assigned business units.
• Manage compliance risk communications, training, documentation, procedures, and processes.
• Monitor and communicate compliance risk management industry developments.
• Implement strategies related to the compliance risk management framework with oversight data.
• Assess process documentation to ensure accuracy for audit/regulatory review.
• Consult with business units on remediation design and implementation.

Skills

Regulatory knowledge

Analytical skills

Communication skills

Leadership

Education

Bachelor's degree in Business, Economics, Finance, or Accounting

Job description

Need Help?

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Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Please review the following job description:

The Fair Banking & Regulatory Program (FBRP) team is seeking a Compliance Officer to join its Fair Banking Advisory team. This role supports Fair Lending and Fair Banking compliance oversight across a broad range of consumer lending products, services, and business units throughout Truist. The Compliance Officer will partner with Compliance, Risk, Audit, Analytics, Forensic File Review, and business stakeholders to identify, assess, monitor, and mitigate Fair Lending risk while helping ensure compliance with applicable regulatory requirements. Responsibilities include supporting complaint reviews, risk assessments, regulatory change management activities, compliance monitoring and reporting, governance processes, model review activities, and advisory support. This position offers significant exposure to enterprise-wide Fair Lending initiatives, regulatory compliance, risk management, and cross-functional partnerships while providing visibility into nearly all consumer lending products and services across the organization. The successful candidate will help promote a culture of compliance and risk management, support effective governance and issue remediation, and maintain awareness of evolving Fair Lending regulations, regulatory expectations, and industry developments.

Essential Duties And Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Maintain an understanding of all applicable laws, rules and regulations applicable to coverage areas and provide regulatory guidance to assigned business unit and/or function associates.
• Review regulatory changes and assess the impact those changes may have on assigned business units and/or functions.
• Manage compliance risk management communications, training, documentation, procedures, and processes.
• Monitor and communicate compliance risk management industry developments.
• Implement strategies and methods related to the compliance risk management framework within the organization, including quality assessments, key risk, and performance measurement data, along with oversight monitoring and mitigation strategies.
• Assess process, procedure and control documentation and other related compliance issues and documentation to help ensure they are accurate and easily understood by audit and/or external regulatory agencies
• Consult with business and/or functional units with respect to the design and implementation of remediation efforts as needed.

Qualifications

Required Qualifications

• Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience.
• Two years of compliance-related experience
• Five years of financial institution experience
• Demonstrated working knowledge of standard compliance concepts, practices, policies and related state and federal laws.
• Detail orientated and strong analytical skills.
• Strong communication, presentation and facilitation skills; proven ability to interact with all levels of management.
• Leadership skills to guide and mentor the work of less experienced compliance consultants and analysts.

Preferred Qualifications

• Master's degree.
• 5 years of experience in the financial services industry within audit or compliance.
• Prior supervisory or management experience.
• Completion of the American Bankers Association (ABA) Compliance School or CRCM certification

To comply with the Virginia pay transparency statue and for work location in VA only, the annual base salary for this position is $88,000-$110,000.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work