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VP Enterprise Compliance

The Bancorp
United States, Sioux Falls
6100 South Old Village Place (Show on map)
June 04, 2023

VP Enterprise Compliance
Job Location

US-SD-Sioux Falls


Type
Full Time



Overview

Location: ***This is a remote position and can be located anywhere in the U.S.A. If located in the areas of Sioux Falls, SD or Wilmington, DE you will be required to be in-office, (3) days per week.***

Manage and administer the bank's compliance risk management program in collaboration with the Compliance Officer.



Responsibilities

Essential Functions

    Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line, (i.e. "Alphabet" of CFPB regulations such as B, C, E, F, G, M, O, P, V, X, Z, CC, DD) and other laws such as E-SIGN and SCRA. Informs management, clients and interested parties of new and modified compliance requirements.
  1. Trains internal and external clients on compliance requirements through a variety of methods including one on one or staff meetings, memos, educational presentations, and providing guidance on specific situations.
  2. Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. Assists in the development of compliance-related policies and procedures.
  3. Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensures documentation and training materials are current to minimize risks.
  4. Performs compliance reviews and risk assessments on new programs and initiatives.
  5. Performs ongoing evaluation of third parties requiring enhanced oversight.
  6. Participates in onsite due diligence reviews of key third party service providers.
  7. Reviews elevated marketing materials for adherence to regulatory requirements and bank standards, providing guidance and advice to bring the materials into compliance.
  8. Oversees monitoring and testing to ensure that activities are completed in accordance with approved schedules. Identifies corrective action and follows up to ensure implementation.
  9. Builds and maintains close working partnerships with internal and external clients to ensure they seek advice and counsel when needed on compliance issues.
  10. Prepares and presents compliance reports and executive summaries of compliance activities including concerns, issue trends and patterns, etc. and discuss recommendations for initiating additional controls and audits.
  11. Acts as a subject matter expert, advising the team and clients on day-to-day, elevated and complex compliance issues, rules, and regulations. Partner with clients to develop solutions and recommendation to meet compliance needs.
  12. Assists in the management of compliance-related audits and examinations. Gathers relevant documentation as requested, meet with auditors to respond to questions, prepare audit responses as needed, and implement actions recommended by auditors and examiners.
  13. Performs other duties as assigned.


Qualifications

Education/Experience Requirements

  • Undergraduate degree in business or a related field or an equivalent combination of training and experience.
  • Ten years compliance experience in the banking or financial services industry.

Preferred Requirements

  • CRCM certification preferred.
  • Extensive knowledge of federal consumer protection laws and regulations.
  • Excellent verbal, written, and interpersonal communication skills.
  • A team player able to work effectively in a team fostered, multi-tasking environment.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.


Background & EEO Statement

Salary Range: $102,300 - $176,100

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

Working at The Bancorp Bank, N.A. and Benefits Information: click here



Diversity & Background Screening

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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