Senior Compliance Program Analyst - Payment Network

Velera

8d•$75,800 - $96,700

About The Position

Join the People Helping People Velera is the nation’s premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose: We accelerate partners’ success through innovative financial technology solutions and inspired service. The Opportunity: The Senior Compliance Program Analyst is responsible for providing support for the Compliance Management System (CMS) and Program requirements throughout the company and leading compliance-related initiatives. Works closely with departmental and cross functional leadership on all aspects of the CMS and Program including conducting risk assessments and creating and reviewing policies, procedures, standards, training, compliance controls, reporting, metrics, etc. Supports tracking of open compliance findings and facilitates response generation, information gathering, remediation, and escalation of findings with regulatory compliance (RegComp) and Velera Management. Partners with functional business leaders and management and/or their associates, to balance business needs and corporate standards through the creation of programs that address and reduce risk to the organization in a pragmatic manner.

Requirements

Bachelor’s degree in Business Administration, Finance, Accounting, Law or related subject areas or equivalent combination of education and experience required.
Seven (7) years of experience in compliance required, preferably in a financial services environment with banking or credit union experience.
Three (3) years of experience with compliance/CMS framework design and implementation required, preferably with consumer protection laws/regulations (TILA, ECOA, FCRA, Privacy/GLBA, SCRA, MLA, UDAAP/UDAP, etc.).
Experience participating in sophisticated projects, and preparing deliverables for management, committees, executives, and business unit leaders required.
Working knowledge of Reg E and Reg Z required.
Working knowledge of writing policies, procedures, standards and of internal controls and monitoring
Working knowledge of consumer financial protection regulations , NACHA and payments industry, and OFAC, BSA, GLBA, Patriot Act and other Federal or State laws that impact National Security requirements or privacy.

Nice To Haves

Advanced degree preferred.
Professional certification as a Regulatory Compliance Manager, paralegal, audit professional (CPA, CIA), Certified Information Privacy Professional (CIPP), or in risk management preferred.
Experience with payment systems and financial service industries related to the credit/debit card industry preferred.
Experience with regulatory agencies, including knowledge of Federal Financial Institution Examination Council (FFIEC) requirements, preferred.

Responsibilities

Lead, promote, and suggest improvements to the compliance framework, and support the enterprise-wide CMS under the direction of senior leadership.
Build, monitor, test, and administer both standard and complex cross-channel regulatory risk assessments, procedures, policies, trainings, and standards as part of CMS activities, to include identifying, mitigating, and leading such activities.
Serve as a subject matter expert on compliance, responding to internal and external inquiries and requests for guidance, and identifying and anticipating the problems and product/solution needs of our internal departments and financial institutions.
Prepare and provide timely updates for internal and external compliance reports and/or requests, such as due diligence requests.
Work with and function as a liaison between business units to collect, report, and retain compliance documentation and reports.
Participate in activities performed for compliance verification.
Present substantive compliance, company, and industry updates and findings at Compliance Committee Meetings.
Assist in leading internal efforts to communicate and ensure the organization remains compliant with applicable laws and regulations and any associated changes.
Develop various compliance materials and resources for both internal employees and external clients, create regulatory training decks and materials, and conduct departmental training sessions.
Lead and/or participate in special project teams supporting general business initiatives outside of the primary compliance function.
Perform other duties as assigned.