Senior Payments Division Compliance Analyst

Sutton Bank • Columbus, OH

1d

About The Position

Responsible for partnering effectively with key stakeholders throughout the bank in establishing and maintaining policies and procedures aimed at driving compliance with applicable laws, rules, regulations, and industry standards. Responsible for identifying and implementing effective compliance solutions for complex banking products and services.

Requirements

• Bachelor's Degree is required
• Five years of relevant compliance experience working in the financial services industry, preferably in a regulated bank environment. Or equivalent combination of education and experience.
• The ability to communicate effectively and clearly, both in verbal and written communications, as well as, present information to groups of managers, employees, customers, etc.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks and meet deadlines.
• Ability to define problems, collect data, establish facts and draw valid conclusions.
• Ability to multitask, effectively identify potential risks to escalate when necessary.
• Excellent attention to detail.
• Knowledge of relevant laws, regulations, and supervisory expectations.
• Able to understand and translate banking regulatory laws, regulations, guidance and expectations into understandable and effective advice.
• Knowledge of and ability to work effectively in a banking environment.
• Exhibits in-depth knowledge of relevant laws and regulations, including, as applicable, the Electronic Funds Transfers Act and Regulation E; the Gramm-Leach-Bliley Act, Regulation P, and applicable state privacy laws; state and federal prohibitions against unfair, deceptive or abusive acts or practices (UDAP/UDAAP) in the offering, delivery, or servicing of consumer financial products and services, including regulations and guidance issued and enforced by the CFPB; and anti-money laundering (AML) requirements, including the Bank Secrecy Act, the OFAC regulations, and other applicable sanctions screening requirements.

Nice To Haves

• an advanced degree is a plus
• Certified Regulatory Compliance Manager (CRCM) is a plus, but not required.

Responsibilities

• Identifies and regularly advises on effective compliance solutions involving highly-complex laws, regulations, and business concepts.
• Engages in effective written and verbal communications, including with key business partners, external partners, and regulators, with a particular emphasis on the ability to explain complex concepts in clear and understandable terms, and the ability to draft understandable, actionable, and sustainable policies and procedures
• Performs ongoing compliance monitoring of internal and third-party activities, including by assisting in development of, and reviewing and advising on, compliance-related business reporting.
• Facilitates regulatory change management and risk assessment practices.
• Partners closely with Legal staff and Compliance peers.
• Develops, reviews, and monitors the timely completion of appropriate compliance training.
• May be called upon to handle compliance duties outside of core responsibilities as needed.
• Embraces and practices the highest applicable ethical standards of behavior, including by modeling the Sutton Bank Service Excellent Elements.
• Tracks issues to completion and ensures and validates that appropriate corrective action has been implemented within specified timeframes.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior