The Bancorp Jobs

AVP Enterprise Compliance

The Bancorp

AVP Enterprise Compliance

Posted Yesterday

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Sioux Falls, SD, USA

Hybrid

Senior level

Fintech • Payments • Financial Services

The Role

Manages enterprise consumer compliance oversight for assigned banking or financial services lines of business. Responsibilities include monitoring regulatory requirements, updating policies and disclosures, conducting risk assessments and compliance reviews, reviewing marketing materials, supporting audits and examinations, overseeing remediation, advising stakeholders, and potentially managing compliance analysts. Requires five years of consumer compliance experience in banking or financial services.

Summary Generated by Built In

Position Summary

Work Arrangement:

***After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.***

At The Bancorp, we’ve spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

This role manages the relationship and oversight of compliance for one or more lines of business, as assigned, through implementation of an effective compliance program in collaboration with the Compliance Officer.

Key Responsibilities

Develops and maintains a collaborative working relationship with internal and external clients.

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 laws such as E-SIGN and SCRA. Informs management, clients and interested parties of new and modified compliance requirements.

Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. May assist in the development of compliance-related policies and procedures.

Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensure documentation and training materials are current to minimize risks.

Performs compliance reviews and risk assessments on new programs and initiatives as assigned.

Participates in due diligence reviews of key third party service providers associated with the line of business, as assigned.

Reviews elevated marketing collateral and materials for adherence to regulatory requirements and bank standards, providing guidance and advice as needed to bring the materials into compliance.

Assists line of business in the remediation of any risk items arising from testing, audits or examinations.

Acts as a subject matter expert, advising internal and external clients on day-to-day, elevated and complex compliance issues, rules, and regulations. Partners with clients (internal and external) to develop solutions and makes recommendations to meet compliance needs.

Assists in the management of compliance-related audits and examinations. Gather relevant documentation as requested, meet with auditors to respond to questions, prepare audit responses as needed, and implement actions recommended by auditors and examiners.

If assigned, manages compliance analyst team members and may be required to interview, hire, set high performance standards, and manage team performance in accordance with HR policies and procedures. Creates a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement. Inspires confidence and m

Motivate others to perform at their best.

Performs other duties as assigned.

No travel required.

Qualification Requirements

Education/Experience Requirements

Undergraduate degree in business or a related field or an equivalent combination of training and experience.
Five years consumer compliance experience in the banking or financial services industry, specifically experience within or supporting a line of business.

Preferred Requirements

CRCM, CCBCO or other compliance certification preferred.
Strong knowledge of federal consumer protection laws affecting lending, deposit and payments-related products and services. and/or payments product knowledge and experience.
Excellent verbal, written, and interpersonal communication skills.
Detail oriented with strong organizational 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.

Additional Information

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

Company Culture & Background Screening

Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/

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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Skills Required

Undergraduate degree in business or a related field, or equivalent combination of training and experience
Five years of consumer compliance experience in banking or financial services, specifically supporting a line of business
CRCM, CCBCO, or another compliance certification
Strong knowledge of federal consumer protection laws affecting lending, deposit, and payments products and services
Payments product knowledge and experience
Excellent verbal, written, and interpersonal communication skills
Strong attention to detail and organizational skills
Ability to work effectively in a collaborative, multitasking team environment
Proficiency with Microsoft Office, including Excel, PowerPoint, Word, and Outlook

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The Company

HQ: Wilmington, DE

858 Employees

Year Founded: 2000

What We Do

The Bancorp, Inc. (NASDAQ: TBBK) is dedicated to serving non-bank financial service companies' unique needs, ranging from entrepreneurial start-ups to those on the Fortune 500. The company’s subsidiary, The Bancorp Bank, N.A., has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a top ACH originator. Specialized lending distinctions include National Preferred SBA Lender, a leading provider of securities-backed lines of credit, and one of the nation's few bank-owned commercial vehicle leasing groups. For more information please visit www.thebancorp.com