Senior Vice President, Consumer Compliance Officer – Treasury Services

BNY; Pittsburgh (Allegheny County); Hybrid; USD 158,000 - 183,000; Full time

Job summary

An established industry player is seeking a Senior Vice President, Consumer Compliance Officer for Treasury Services. This pivotal role involves ensuring compliance with consumer banking regulations and working closely with business teams to assess and improve compliance frameworks. The ideal candidate will have extensive experience in regulatory compliance, particularly in consumer banking, and will be responsible for leading discussions with executive audiences. Join a forward-thinking company that values innovation and inclusivity, and make a significant impact in the financial services sector.

Benefits

Generous Paid Leaves

Paid Volunteer Time

Flexible Global Resources

Health and Wellbeing Programs

Qualifications

• 5+ years of experience in consumer compliance industry.
• Expertise in regulations like Truth-in-Lending Act and UDAAP.

Responsibilities

• Contributes to compliance efforts in consumer banking.
• Reviews new products to ensure regulatory compliance.

Skills

Regulatory Compliance

Consumer Banking Regulations

Risk Management

Audit Experience

Presentation Skills

Education

Bachelor's Degree

JD or Comparable Graduate Degree

Job description

Senior Vice President, Consumer Compliance Officer – Treasury Services

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Senior Vice President, Consumer Compliance Officer – Treasury Services

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Job Description

Job Description

Senior Vice President, Consumer Compliance Officer – Treasury Services.

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what is all about.

We’re seeking a future team member for the role of Senior Vice President, Consumer Compliance Officer – Treasury Services. to join our Risk & Compliance team. This role is located In Pittsburgh, PA or Lake Mary, FL - HYBRID

In this role, you’ll make an impact in the following ways:

• Independently contributes to the compliance efforts focusing on consumer banking and working with multiple assigned business teams.
• Responsible for assisting the business teams to ensure compliance with BaaS industry best practices and regulation.
• The candidate must exhibit an aptitude for assessing regulatory consent orders, enforcement actions, notices of proposed rulemaking, and for identifying areas for improvement in BNY’s and prospective clients BaaS compliance framework.
• The candidate must also have compliance or regulatory experience with respect to credit / debit card issuance and acquiring, as well as State and Federal card disbursement programs.
• The candidate may have experience with BIN sponsorship, FDIC insurance, MSBs, the NYDFS, compliance technology, third-party risk management, compliance program assessment, cards, third-party payment providers, etcetera.
• Responsible for assisting the business teams to ensure compliance with consumer banking and payments regulations and policy.
• The candidate must have expertise including, but not limited to: Truth-in-Lending Act, Equal Credit Opportunity Act, UDAAP, Regulations E, CC, DD, and Z, the Consumer Financial Protection Bureau (CFPB) Prepaid Rule, Electronic Fund Transfer Act, Gramm-Leach Bliley Act and other consumer privacy protections, Remittance Transfer Rule, Federal Payments Rule, Federal garnishment rules for accounts into which federal benefit payments are deposited, Regulation II, and consumer protection provisions in card network rules and other applicable payment network rules.
• In partnership with business managers and internal stakeholders, reviews new products to ensure compliance with applicable laws and regulations as well as alignment with BNY’s own risk tolerance. This includes the development of compliance monitoring and reporting for BaaS and Consumer products.
• Based on assessments of controls, works with business teams to implement improvements including the completion of appropriate documentation when control changes are made. This may include the drafting or review of updated policies, procedures, or matrices.
  
  

To be successful in this role, we’re seeking the following:

• Contributes to the development of projects and programs to improve compliance and enhance the control environment.
• Uses strong partnerships with managers in the business teams to respond to reports issued by regulatory agencies or audit. The candidate must be comfortable hosting discussions and leading presentations with an Executive audience.
• Helps prepare risk-based reviews of new and existing clients seeking to use BNY’s BaaS services or consumer-related products. This includes the facilitation of compliance calls with clients and prospects.
• Contributes to the preparation of time sensitive reporting and appropriately escalates issues to management.
• Bachelor’s degree or the equivalent combination of education and experience is required. JD or comparable graduate degree preferred.
• Requires more than 5 years’ experience in consumer compliance industry. Financial Services, Audit or Compliance background and/or experience with consumer banking compliance and the pertaining laws, regulations and rules of relevant regulators.
  
  

At BNY, our culture speaks for itself. Here’s a few of our awards:

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023
  
  

Our Benefits And Rewards

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

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