Compliance Analyst (Monitoring and Testing)- Ford Credit Bank

Ford Motor • Salt Lake, UT

19h • Hybrid

About The Position

Ford Credit Bank, a de novo Utah industrial bank headquartered in Salt Lake City, Utah, is being established to create innovative and simplified banking solutions. The Bank will offer financing for Ford vehicles, parts, accessories, and software, as well as accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. As a direct and wholly owned subsidiary of Ford Motor Credit Company, the Bank aims to be a leading financial institution committed to the highest standards of integrity, ethics, and regulatory compliance. This role is an opportunity to join the ground floor of building the Bank's Compliance Team, which serves as a crucial component of the second line of defense in the Bank's risk management framework. The team fosters a culture of compliance and ensures adherence to all applicable laws, rules, regulations, and internal policies. The Compliance Analyst (Monitoring and Testing) will perform monitoring and testing activities, document the effectiveness of results, collaborate with leaders and colleagues to evaluate key processes, and drive continuous improvement in the Bank's compliance posture. This role is instrumental in addressing emerging regulatory challenges and technological advancements.

Requirements

• Bachelor’s degree preferred; however, equivalent relevant work experience may be considered in lieu of the educational requirement.
• 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 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
• Education Level: Associate degree