Compliance Analyst (Monitoring and Testing)-Ford Credit Bank

Ford • Salt Lake City, UT

2d • $94,800 - $166,200 • Hybrid

About The Position

The 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 Team
Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.

In This Position:
Compliance, acting as the second line of defense, conducts independent risk-based monitoring and/or testing of the effectiveness of compliance controls and further monitors the results of Bank Departments’ compliance monitoring processes. We're seeking a Compliance Analyst (Monitoring and Testing) who will responsible for executing independent testing and validation to ensure that the organization conducts business in compliance with ethical business practices, company policies and legal requirements.

Requirements

• Bachelor’s degree from an accredited four-year college or university required, advanced degree in banking or related field is not required but complementary
• A minimum of 2 years of experience of testing and/or auditing within banking or financial services, preferably within a compliance or risk team.
• Demonstrated strong written, verbal, and analytical skills
• Proficiency in use and manipulation of data through MS Excel, GRC Platforms, Banking or Financial Services platforms.
• 2+ years of Microsoft Office experience (Word/Excel/PowerPoint/Outlook)

Nice To Haves

• Strong analytical and issue analysis. Strong analytical skills to interpret complex regulations and the ability to translate them into in a test approach for determining the business’ regulatory adherence. Demonstrable experience in monitoring, testing and evaluating legal, regulatory and policy requirements against business process and data and interpreting results for risk-based opportunities for improvement.
• Understanding the role and purpose of the three-lines-of-defense in banking or financial services and communicating those principles to business colleagues during the development, implementation, and management of risk controls.
• Proficiency in utilizing Governance, Risk, and Compliance (GRC) systems to streamline monitoring and testing activities and manage vast amounts of information effectively.
• A forward-thinking mindset with the ability to identify and develop innovative solutions, particularly through the application of Artificial Intelligence (AI) to enhance compliance processes.
• Excellent written and verbal communication skills, capable of drafting clear, concise, and comprehensive analyses, conclusions, findings and reports.
• Solid verbal communication skills, able to articulate complex compliance concepts to colleagues.
• A proactive and solutions-oriented approach.
• High level of integrity, ethical conduct, and sound judgment.

Responsibilities

• Work and coordinate with Compliance Officer
• Evaluate and interpret complex legal, regulatory and policy requirements applicable to the tested area
• Assess and evaluate processes and data to determine that the business is operating in compliance with legal, compliance and policy requirements, including those intended to prevent unethical and illegal conduct
• Communicate Compliance Testing results, findings and conclusions to multiple levels of management and stakeholders
• May prepare documentation for regulatory authorities

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