Compliance Officer (Monitoring & Testing) - Ford Credit Bank
About The Position
Ensure that the Bank conducts business in compliance with ethical business practices, company policies and legal requirements Monitoring and Testing Program Development & Execution: Lead the development, implementation, and continuous enhancement of the Bank's Compliance Monitoring and Testing Program, including the methodology for performing monitoring and testing activities, and ensuring its effectiveness and efficiency in identifying instances of non-compliance, including establishing root cause analysis and recommendations for mitigating compliance risk. Policy & Procedure Management: Oversee the creation, review, and updating of business and compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively designed to incorporate controls and risk mitigation across the organization. Risk Assessment: Use the results of periodic and ad-hoc compliance risk assessments to create and maintain a risk-based strategy for monitoring and testing across the products, services and processes of the Bank. Reporting & Governance: Prepare and present detailed monitoring and testing reports, analyses, and recommendations resulting from the activities of the Monitoring and Testing program. In collaboration with business, compliance and legal colleagues, provide analysis and summary reports to senior leadership, various management committees, and the Board of Directors. Regulatory Liaison: Assist in managing relationships with regulatory bodies, including responding to inquiries, examinations, and audits. Technological Integration: Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage issues and remediation activities, track issues, and monitor status of related activities. Innovative Solutions: Proactively identify opportunities to enhance monitoring and testing processes, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) or logical reporting solutions to improve efficiency, accuracy, and risk detection. Team Leadership: Provide strong leadership, guidance, and mentorship to compliance team members, fostering a collaborative and high-performing environment.
Requirements
- Bachelor's degree from an accredited four-year college or university required
- A minimum of 7 years of progressive experience in banking compliance.
- A minimum of 5 years of experience in managing and leading team members.
- Exceptional leadership and decision-making capabilities, with a proven ability to guide and inspire a team.
- Demonstrated expertise in developing, implementing, and managing comprehensive compliance programs within a banking environment.
- Proficiency in utilizing Governance, Risk, and Compliance (GRC) systems to streamline compliance 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.
- Strong analytical skills, with the ability to interpret complex regulations and translate them into actionable policies and procedures.
- Excellent written communication skills, capable of drafting clear, concise, and comprehensive policies, reports, and presentations.
- Superior verbal communication and presentation skills, able to articulate complex compliance concepts to diverse audiences, including executive management and the Board of Directors.
- A proactive and solutions-oriented approach, with a proven track record of identifying issues and developing and suggesting effective solutions.
- High level of integrity, ethical conduct, and sound judgment.
Nice To Haves
- Advanced degree in banking or related field is not required but complementary
Responsibilities
- Lead the development, implementation, and continuous enhancement of the Bank's Compliance Monitoring and Testing Program
- Oversee the creation, review, and updating of business and compliance-related policies and procedures
- Use the results of periodic and ad-hoc compliance risk assessments to create and maintain a risk-based strategy for monitoring and testing
- Prepare and present detailed monitoring and testing reports, analyses, and recommendations
- Assist in managing relationships with regulatory bodies
- Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage issues and remediation activities
- Proactively identify opportunities to enhance monitoring and testing processes
- Provide strong leadership, guidance, and mentorship to compliance team members
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.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
