Affiliate Transactions and Third-Party Risk Management Lead (ATPRM Lead) -Ford Credit Bank

Ford • Salt Lake City, UT

1d • $94,800 - $166,200 • Hybrid

About The Position

The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world. Get in on the ground floor of building Ford Credit Bank—a de novo Utah industrial bank. As a BSA/AML Analyst, you will report to the BSA/AML Officer and serve as a critical member of our second line of defense, performing transaction monitoring, customer due diligence, and investigations to protect the bank and ensure regulatory compliance. Ford Credit Bank (the “Bank”), a de novo Utah industrial bank headquartered in Salt Lake City, Utah, will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”). The Bank is designed to be a leading financial institution committed to upholding the highest standards of integrity, ethics, and regulatory compliance. We serve our customers with a wide range of financial products and services, driven by a culture of trust and excellence. The people of Ford Motor Credit Company have a 60-year commitment to helping put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service, and professional expertise to five thousand dealers and more than four million customers in over 100 countries around the world. If you’re customer-focused, driven and seeking the opportunity to experience exciting challenges and growth, look no further. Come help build a better world, where every person is free to move and pursue their dreams. Ford Motor Company was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.

Requirements

• Bachelor’s degree preferred
• 3-5+ years of banking or regulated industry experience
• A minimum of 2 years' experience in Third-Party Risk
• Knowledge of third-party lifecycle management, governance and compliance including interagency regulations
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information

Responsibilities

• Assist in developing, implementing, and managing all aspects of the Bank’s Third-party risk management program.
• Ensure the program's function with a high level of compliance with internal policies, and federal regulatory expectations.
• Independently assess associated risk and develop effective risk management program.
• Collaborate in the development and implementation of the Bank’s Third-party and Affiliate Transaction risk management programs to align with the Bank’s risk appetite and comply with regulatory guidance, Sections 23A and 23B of the Federal Reserve Act, Regulation W, and Bank Policy.
• Support in regulatory examinations, internal audits, and external audits of the ATPRM program, respond to exams and audit concerns, and coordinate corrective action of all related findings.
• Independent 2LOD oversight, review, and challenge of 1LOD processes of third-party activities across all lifecycle risks and affiliate activities.
• Contribute to establishing and maintaining effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures.
• Assist with the development of a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts.
• Partner on developing and maintaining Third-Party and Affiliate Transaction risk-related monitoring, reporting, and escalation processes and systems in all related activities.
• Contribute to establishing an Anti-Tying program, which includes monitoring, reporting, and escalation procedures and processes to ensure regulatory and bank policy compliance.
• Work with cross-functional teams, committees, and external stakeholders to review new and existing third-party and affiliate relationships.
• Assist with governance execution by ensuring compliance with charter, setting agendas, facilitating meetings, and compiling standard reporting.
• Coordinate Third-Party Risk management, Affiliate Transaction, and Anti-Tying related training to directors, management, and employees to ensure integration of an appropriate risk mindset throughout the Bank.
• Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews.
• As part of the risk assessments evaluate existing controls and proactively identify new control requirements, where applicable.
• Enhance policies, procedures, and standards, where applicable.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree