VP Compliance - Retail Banking & Payments

Wintrust•Rosemont, IL

19d•$117,000 - $158,000•Onsite

About The Position

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.” Why join us? An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years). Competitive pay and discretionary or incentive bonus eligible. Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few Promote from within culture. Why join this team? We foster an inclusive environment for an individual to grow and work independently. Opportunity to interact with management level, experienced professionals - higher visibility. Wintrust has a great compliance culture that comes from the top. Gain experience and further your career by joining a growing organization. Position Overview The Compliance VP-Line of Business is the Compliance leader supporting the assigned Business lines in the day-to-day management of the overall compliance program, which includes advising on the adequacy and development of controls to oversee consumer compliance with federal and state laws and regulations, performing risk assessments and providing oversight. They will connect with the enterprise compliance functions to provide a general understanding of the specialty areas to the Business and knowledge of the Business operations to the enterprise compliance functions. They will connect across multiple teams to provide holistic support to assigned businesses.

Requirements

7-10 years of years banking and/or banking compliance
Bachelor’s degree preferred

Nice To Haves

CRCM Preferred
Experience working with Digital Channels, Treasury, Deposit Operations, Marketing

Responsibilities

Serve as the key resource to assigned business units and management providing a range of support and analysis on regulatory compliance requirements
Participate in business specific agile projects as a Compliance SME
Coordinate across CRA, Fair Banking, Compliance Review, Program Management, and BSA/AML to facilitate a consistent, connected and coordinated Compliance Management system.
Advise and consult on proposed new products, services, and initiatives regarding compliance obligations, corresponding compliance risks, and mitigating controls
Identify and communicate compliance deficiencies and potential problems to management; coordinates with and provides assistance to management in developing and implementing appropriate corrective action to resolve identified problems.
Tracks all issues requiring corrective action and follows up to ensure corrective action has been taken.
Assists in completing Compliance Risk Assessment process
Assist the business in implementation of new and amended laws and regulations, including conducting regulatory research in response to business unit inquiries
Work with the Business to identify and track issues and emerging risks for resolution and accurate reporting
Monitor business KPI’s, complaint volume, business procedures & policies, business reports, oversight & governance meetings, etc. to provide oversight and effective challenge to the Business
Provide guidance in the design, development and enhancement of processes and controls to manage compliance risk
Provide subject matter expertise to the Business as they manage & remediate identified issues, including those that may generate from consumer complaints
Monitor appropriate tracking of complaints, along with effective root cause and trending analysis.
Obtain and evaluate responses to audit issues to ensure appropriate corrective action is taken, performs follow up to assure corrective action was taken, and reports results to appropriate committees.
Oversee the review of marketing materials, disclosures, and other customer communications subject to consumer protection regulations for assigned business units.
Provide expertise on Compliance training content and audience selection relevant to assigned businesses
Manage team, providing professional growth opportunities across the team, coaching, training and developing future compliance talent.