Compliance Analyst (Monitoring and Testing)-Ford Credit Bank
About The Position
Ford Motor Credit Company is forming Ford Credit Bank, a new industrial bank headquartered in Salt Lake City, Utah. This bank will offer innovative financial solutions for customers to finance Ford vehicles and accept deposits. As a wholly owned subsidiary of Ford Credit, which is an indirect subsidiary of Ford Motor Company, the Bank aims to be a leading financial institution committed to the highest standards of integrity, ethics, and regulatory compliance. The Compliance Team at Ford Credit Bank is a critical part of the second line of defense in the Bank's risk management framework. This team collaborates across business units to promote a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. The Compliance Analyst (Monitoring and Testing) will be a key member of this team, responsible for conducting monitoring and testing activities, documenting the effectiveness of their findings, and working with leaders and colleagues to understand and assess key Bank and vendor processes. This role is instrumental in addressing emerging regulatory challenges and technological advancements to ensure the Bank's risk management is robust.
Requirements
- Acting as the second line of defense.
- Conducting independent risk-based monitoring and/or testing of the effectiveness of compliance controls.
Responsibilities
- Performing monitoring and testing activities.
- Preparing documentation demonstrating the effectiveness of results.
- Collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities.
- Driving continuous improvement in our compliance posture.
- Addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.
- Executing independent testing and validation to ensure that the organization conducts business in compliance with ethical business practices, company policies and legal requirements.
- Monitoring the results of Bank Departments’ compliance monitoring processes.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
