Regulatory Compliance Analyst-2

WEX Inc.•Boston, MA

77d•$64,000 - $85,000

About The Position

We are seeking a highly experienced and skilled Compliance Analyst 2. The candidate who assumes this role will support the WEX Bank compliance management program primarily through engagement with the Third Party Risk Management program. The incumbent will provide technical guidance and partnership with the lines of business to ensure compliance with applicable Federal and State laws, regulations, internal policies and procedures and regulatory expectations. This individual will report directly to the Director of Regulatory Compliance 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. How you'll make an impact Support Third Party Management Program including but not limited, risk assessments, ongoing due diligence, CERTA team engagement, Program testing, etc. Support CFT-AML and compliance advisory activities for organization and assigned Business Partners. Support sanctions compliance activities, to ensure appropriate sanctions compliance. Collaborate with other members of the Compliance team on all regulatory matters necessary to execute the compliance management program of WEX Bank. Assist with maintaining Compliance Management Program through maintaining quality oversight and a program that follows regulatory guidelines and Bank standards (Interagency Guidance, FDIC & State of Utah). Assist with executing the Bank's oversight and compliance program for assigned Strategic Partner Program (Risk Assessment, Monitoring & Testing, Site Visits, Issue Management, Complaints, etc.) Support for internal and external audits, regulatory exams and internal testing and monitoring. Maintain and build understanding of relevant industry standards, best practices, and technologies; assess the impacts to the Bank, its products and control environment, and collaborate with leadership to enhance or implement controls that effectively mitigate risk; Promote a desired compliance-aware culture within the Bank and affiliates while in parallel driving adoption of Bank culture; The following provides additional insight into the role's responsibilities and duties, but is not exhaustive. Builds strong relationships of trust; Supports the Management Compliance Committee, its equivalent, and/or other compliance committees; and Assists in creating management and board level reporting as appropriate.

Requirements

Bachelor's degree in business or a related field, or equivalent work experience at a financial institution or other financial services organization.
2 years of related experience in banking and compliance, third party oversight experience and/or AML/CFT program experience preferred
Prior experience working with strategic partnerships and/or vendor management
Strong understanding of applicable regulatory requirements
Excellent communication, and interpersonal skills
Ability to build strong relationships and influence stakeholders across various business units
Proactive, problem-solving approach with a commitment to continuous improvement

Nice To Haves

Certified Regulatory Compliance Manager (CRCM) or equivalent certification (preferred)

Responsibilities

Support Third Party Management Program including but not limited, risk assessments, ongoing due diligence, CERTA team engagement, Program testing, etc.
Support CFT-AML and compliance advisory activities for organization and assigned Business Partners.
Support sanctions compliance activities, to ensure appropriate sanctions compliance.
Collaborate with other members of the Compliance team on all regulatory matters necessary to execute the compliance management program of WEX Bank.
Assist with maintaining Compliance Management Program through maintaining quality oversight and a program that follows regulatory guidelines and Bank standards (Interagency Guidance, FDIC & State of Utah).
Assist with executing the Bank's oversight and compliance program for assigned Strategic Partner Program (Risk Assessment, Monitoring & Testing, Site Visits, Issue Management, Complaints, etc.)
Support for internal and external audits, regulatory exams and internal testing and monitoring.
Maintain and build understanding of relevant industry standards, best practices, and technologies; assess the impacts to the Bank, its products and control environment, and collaborate with leadership to enhance or implement controls that effectively mitigate risk;
Promote a desired compliance-aware culture within the Bank and affiliates while in parallel driving adoption of Bank culture;
Builds strong relationships of trust
Supports the Management Compliance Committee, its equivalent, and/or other compliance committees
Assists in creating management and board level reporting as appropriate.