Sr. Compliance Officer (Monitoring & Testing)

Ford Motor • Salt Lake, UT

10h • 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. The Team Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements. In this Position We're seeking an experienced and dynamic Senior Compliance Officer (Monitoring and Testing) who will be working with senior management across the Bank and who will be responsible for driving visibility, understanding and consistency for addressing risks and providing risk-based information to help facilitate decisions and to ensure Ford Credit Bank meets Bank and compliance objectives. The Senior Compliance Officer (Monitoring and Testing) will lead the effective and efficient execution of the bank's comprehensive Compliance Monitoring and Testing program. This key role will be responsible for the strategic design, development, meticulous implementation, and ongoing maintenance and enhancement of critical compliance monitoring and testing components, including policies, procedures, interpreting risk assessments, making risk-based planning and prioritization decisions, establishing robust and comprehensive monitoring and testing methodologies, collaborating with risk management colleagues in enterprise risk management, operational risk, internal controls and internal audit, and leading a team of analysts through example and mentorship to execute the monitoring and testing activities. The Senior Compliance Officer (Monitoring and Testing) will also oversee the generation of essential reporting and documentation on the results of the program, ensuring timely and, with the Chief Compliance Officer, accurate information is provided to senior leadership, management committees, and the Board of Directors. This role is critical to ensuring that the Bank’s business activities are conducted in compliance with ethical business practices, company policies and legal requirement.

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

• Work and coordinate with the Chief Compliance Officer in the day-to-day execution of a comprehensive, risk-based, Monitoring and Testing Program
• Lead the development, implementation, and continuous enhancement of the Bank’s Compliance Monitoring and Testing Program, including the methodology for performing monitoring and testing activities, and ensuring its effectiveness and efficiency in identifying instances of non-compliance, including establishing root cause analysis and recommendations for mitigating compliance risk.
• Lead the development and formulation of the Compliance Organization’s methodology and participation in new or changed systems testing requirements, including end-to-end and user-acceptance testing activities.
• With the Chief Compliance Officer, ensure that the Bank conducts business in compliance with ethical business practices, company policies and legal requirements
• With the Chief Compliance Officer, lead and support the creation, review, and updating of business and compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively designed to incorporate controls and risk mitigation across the organization.
• Use the results of periodic and ad-hoc compliance risk assessments to create and maintain a risk-based strategy for monitoring and testing across the products, services and processes of the Bank.
• Prepare and present detailed monitoring and testing reports, analyses, documentation and communication of recommendations resulting from the activities of the Monitoring and Testing program.
• In collaboration with business, compliance and legal colleagues, provide analysis and summary reports to senior leadership, various management committees, and to the Board of Directors Audit Committee.
• Support and co-lead with the Chief Compliance Officer discussions and effectiveness reviews with regulatory bodies, including responding to inquiries, examinations, and audits.
• Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage issues and remediation activities, track issues, and monitor status of related activities.
• Proactively identify opportunities to enhance monitoring and testing processes, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) or logical reporting solutions 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.

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: Senior
• Number of Employees: 5,001-10,000 employees