WEX - Washington, MN

posted 24 days ago

Full-time - Senior
Washington, MN
Credit Intermediation and Related Activities

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 Regulatory Compliance Manager 3. 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 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 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.

Responsibilities

  • Drive Bank compliance with all applicable consumer & commercial banking laws and regulations by providing management and direction to the compliance group, Bank's affiliates and third parties.
  • Lead a professional team in successful execution of compliance management program including risk assessments, policies, procedures and control documentation, complaint administration, training, issues management, reporting, third party management and the Community Reinvestment Act (CRA).
  • Coordinate with internal and external auditors and regulatory examination management, serving the function as regulatory liaison.
  • Partner with relevant teams to ensure adequate compliance data analytics to support the team function and drive efficiency.
  • 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.
  • Maintain a risk based compliance risk management framework to include risk assessment, training, testing, and reporting.
  • Maintain and assist in developing bank policies, procedures and control documentation.
  • Build strong relationships of trust with leadership.
  • Provide input into the annual compliance training plan and compliance training module content.
  • Influence the lines of business to ensure first line controls and monitoring are in place.
  • Support the Management Compliance Committee, its equivalent, and/or other compliance committees.
  • Create management and board level reporting for all areas of compliance; create reporting for remediation projects and efforts.

Requirements

  • Bachelor's degree in business or a related field
  • Minimum of seven years of experience in banking and compliance and leading a team of compliance professionals
  • Proven track record of success in leading and managing compliance programs
  • Strong understanding of applicable regulatory requirements
  • Excellent leadership, 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
  • Experience working with external bank examiners
  • Compliance experience with cards and corporate payments.

Nice-to-haves

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

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • Retirement savings plan
  • Paid time off
  • Health savings account
  • Flexible spending accounts
  • Life insurance
  • Disability insurance
  • Tuition reimbursement
  • Quarterly or annual bonus based on role and applicable plan
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