Compliance Officer- Fair Banking and Regulatory Program

Habitat For Humanity Of Durham; Raleigh (NC); On-site; USD 88,000 - 110,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Paid vacation

Paid sick days

Paid holidays

Job summary

Truist Financial Corporation is seeking a Compliance Officer within the Fair Banking Advisory team to oversee compliance across consumer lending products and business units. The role partners with Compliance, Risk, Audit and business stakeholders to identify and mitigate Fair Lending risk and ensure regulatory alignment.

Responsibilities include reviews of complaints, risk assessments, regulatory changes, and governance processes.

Qualifications

• Bachelor's degree in Business, Economics, Finance, or Accounting or equivalent experience
• Two years of compliance-related experience
• Five years of financial institution experience
• Detail oriented and strong analytical skills
• Strong communication, presentation and facilitation skills; ability to interact with all levels of management
• Leadership skills to mentor less experienced staff

Responsibilities

• Maintain understanding of applicable laws, rules and regulations and provide regulatory guidance to assigned units
• Review regulatory changes and assess impact on units/functions
• Manage compliance risk communications, training, documentation and processes
• Monitor and communicate compliance risk developments in the industry
• Implement strategies related to the compliance risk management framework and oversight
• Assess process and control documentation for accuracy for audit/regulators
• Consult with units on remediation design and implementation

Skills

Regulatory knowledge

Analytical skills

Communication skills

Leadership ability

Presentation skills

Training experience

Education

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

Master's degree

Job description

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.

1. 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.

2. Review regulatory changes and assess the impact those changes may have on assigned business units and/or functions.

3. Manage compliance risk management communications, training, documentation, procedures, and processes.

4. Monitor and communicate compliance risk management industry developments.

5. 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.

6. 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

7. Consult with business and/or functional units with respect to the design and implementation of remediation efforts as needed.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience.

2. Two years of compliance-related experience

3. Five years of financial institution experience

4. Demonstrated working knowledge of standard compliance concepts, practices, policies and related state and federal laws.

5. Detail orientated and strong analytical skills.

6. Strong communication, presentation and facilitation skills; proven ability to interact with all levels of management.

7. Leadership skills to guide and mentor the work of less experienced compliance consultants and analysts.

Preferred Qualifications:

1. Master's degree.

2. 5 years of experience in the financial services industry within audit or compliance.

3. Prior supervisory or management experience.

4. 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.

EEO is the Law E-Verify IER Right to 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.

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