Compliance Officer- Fair Banking and Regulatory Program
About The Position
The Fair Banking & Regulatory Program (FBRP) team is seeking a Compliance Officer to join its Fair Banking Advisory team. This role supports Fair Lending and Fair Banking compliance oversight across a broad range of consumer lending products, services, and business units throughout Truist. The Compliance Officer will partner with Compliance, Risk, Audit, Analytics, Forensic File Review, and business stakeholders to identify, assess, monitor, and mitigate Fair Lending risk while helping ensure compliance with applicable regulatory requirements. Responsibilities include supporting complaint reviews, risk assessments, regulatory change management activities, compliance monitoring and reporting, governance processes, model review activities, and advisory support. This position offers significant exposure to enterprise-wide Fair Lending initiatives, regulatory compliance, risk management, and cross-functional partnerships while providing visibility into nearly all consumer lending products and services across the organization. The successful candidate will help promote a culture of compliance and risk management, support effective governance and issue remediation, and maintain awareness of evolving Fair Lending regulations, regulatory expectations, and industry developments.
Requirements
- Bachelor's degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience.
- Two years of compliance-related experience
- Five years of financial institution experience
- Demonstrated working knowledge of standard compliance concepts, practices, policies and related state and federal laws.
- Detail orientated and strong analytical skills.
- Strong communication, presentation and facilitation skills; proven ability to interact with all levels of management.
- Leadership skills to guide and mentor the work of less experienced compliance consultants and analysts.
Nice To Haves
- Master's degree.
- 5 years of experience in the financial services industry within audit or compliance.
- Prior supervisory or management experience.
- Completion of the American Bankers Association (ABA) Compliance School or CRCM certification
Responsibilities
- Maintain an understanding of all applicable laws, rules and regulations applicable to coverage areas and provide regulatory guidance to assigned business unit and/or function associates.
- Review regulatory changes and assess the impact those changes may have on assigned business units and/or functions.
- Manage compliance risk management communications, training, documentation, procedures, and processes.
- Monitor and communicate compliance risk management industry developments.
- Implement strategies and methods related to the compliance risk management framework within the organization, including quality assessments, key risk, and performance measurement data, along with oversight monitoring and mitigation strategies.
- Assess process, procedure and control documentation and other related compliance issues and documentation to help ensure they are accurate and easily understood by audit and/or external regulatory agencies.
- Consult with business and/or functional units with respect to the design and implementation of remediation efforts as needed.
Benefits
- medical
- dental
- vision
- life insurance
- disability
- accidental death and dismemberment
- tax-preferred savings accounts
- 401k plan
- vacation
- sick days
- paid holidays
- defined benefit pension plan
- restricted stock units
- deferred compensation plan
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
