Sr. Compliance Officer (Banking)

Ford • Salt Lake City, UT

19h • Hybrid

About The Position

Ford Motor Credit Company ("Ford Credit"), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).
The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.
Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.

Requirements

• Bachelor’s degree from an accredited four-year college or university required, advanced degree in banking or related field is not required but complementary
• A minimum of 7 years of progressive experience in banking compliance.
• A minimum of 5 years of experience in managing and leading team members.
• Demonstrated strong written, verbal, and presentation skills

Nice To Haves

• Exceptional leadership and decision-making capabilities, with a proven ability to guide and inspire a team.
• Demonstrated expertise in developing, implementing, and managing comprehensive compliance programs within a banking environment.
• Proficiency in utilizing Governance, Risk, and Compliance (GRC) systems to streamline compliance activities and manage vast amounts of information effectively.
• A forward-thinking mindset with the ability to identify and develop innovative solutions, particularly through the application of Artificial Intelligence (AI) to enhance compliance processes.
• Strong analytical skills, with the ability to interpret complex regulations and translate them into actionable policies and procedures.
• Excellent written communication skills, capable of drafting clear, concise, and comprehensive policies, reports, and presentations.
• Superior verbal communication and presentation skills, able to articulate complex compliance concepts to diverse audiences, including executive management and the Board of Directors.
• A proactive and solutions-oriented approach, with a proven track record of identifying issues and developing and suggesting effective solutions.
• High level of integrity, ethical conduct, and sound judgment

Responsibilities

• Lead the development, implementation, and continuous enhancement of the Bank’s Compliance Management System, ensuring its effectiveness and efficiency in mitigating compliance risk.
• Lead the hands-on creation, review, and updating of all compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively communicated across the organization.
• Drive the execution of periodic and ad-hoc compliance risk assessments, identifying inherent risks, potential vulnerabilities and controls enhancement opportunities, and determining residual risk for a risk-based approach to recommending appropriate controls and mitigation strategies.
• Design, implement, and manage a bank-wide compliance training program that ensures all Bank employees are adequately informed about their compliance obligations and the bank's ethical standards.
• Prepare and present detailed compliance reports, analyses, and recommendations to senior leadership, various management committees, and the Board of Directors, providing clear insights into the bank's compliance status and emerging risks.
• Support and co-lead with the Chief Compliance Officer managing relationships with regulatory bodies, including responding to inquiries, examinations, and audits.
• Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage compliance information, track issues, and monitor controls.
• Proactively identify opportunities to enhance compliance processes and controls, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) to improve efficiency, accuracy, and risk detection.
• Provide strong leadership, guidance, and mentorship to business and functional SME colleagues and compliance team members, fostering a collaborative and high-performing environment.
• Identify compliance issues, analyze root causes, and develop practical, effective solutions for resolution.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees