Director of Regulatory Compliance - WEX Bank

Wex Bank • Salt Lake City, UT

275d • $158,000 - $210,000

About The Position

WEX Bank is a leading provider of financial solutions and payment services. We are committed to providing our customers with exceptional service while maintaining the highest standards of compliance and ethical conduct. We are seeking a highly experienced and skilled Director of Regulatory Compliance. The candidate who assumes this role will lead a team of compliance professionals supporting execution of the Bank compliance management program, including risk assessments, compliance policies and procedures, training, issues management, complaint administration, regulatory filings, third party risk management and the Community Reinvestment Act (CRA). The candidate will be a strong people leader who gains the respect and trust of his/her/their team; additionally, the incumbent will provide technical guidance and partnership with the global compliance teams and WEX Inc. compliance center of excellence to ensure compliance with applicable Federal and State laws, regulations, internal policies and procedures and regulatory expectations. This individual will report directly to the Sr. Director, Chief Compliance Officer and will support the CCO as a subject matter expert with any duties as assigned, being agile and flexible, as these may change from time to time.

Requirements

• Bachelor's degree in business or a related field.
• Minimum of twelve years of experience in banking and compliance and/or leading a team of compliance professionals.
• Proven track record of success in leading and managing compliance programs.
• Strong understanding of applicable regulatory requirements.
• Ability to build strong relationships and influence stakeholders across various business units.
• Proactive, problem-solving approach with a commitment to continuous improvement.
• Experience working with external bank examiners.
• Compliance experience with credit cards and corporate payments.

Nice To Haves

• Certified Regulatory Compliance Manager (CRCM) or equivalent certification.

Responsibilities

• Provide leadership in compliance management and risk mitigation.
• Design compliance strategies in line with legal requirements, guidelines, and regulations.
• Manage and direct the compliance group, Bank's affiliates, and third parties.
• Liaise with the Enterprise Risk Management (ERM) team and coordinate with various teams to ensure controls are documented and implemented.
• Lead a professional team in executing the compliance management program including risk assessments, policies, procedures, and control documentation.
• Coordinate with internal and external auditors for audits and interface with the Compliance monitoring and testing team.
• Serve as a primary point of contact for regulatory authorities and manage the examination lifecycle.
• Build strong relationships with regulators and provide compliance reports to management.
• Monitor regulatory changes and proactively address compliance challenges.
• Promote a compliance-aware culture within the Bank and affiliates.
• Maintain a risk-based compliance risk management framework.
• Assist in developing bank policies, procedures, and control documentation.

Benefits

• Health, dental and vision insurances.
• Retirement savings plan.
• Paid time off.
• Health savings account.
• Flexible spending accounts.
• Life insurance.
• Disability insurance.
• Tuition reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree