Compliance, Compliance Management System – Consumer Compliance, Associate

Pay Competitive

Employment type

Full-Time

Req#: 106555 Global ComplianceOur division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk;

monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading.

We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Your Impact

Are you passionate about digital consumer banking? We’re looking for an Associate to join our consumer banking compliance team. You will be part of a dynamic and fast-growing consumer business, helping to ensure flawless execution of strategies and programs consistent with consumer compliance requirements. You will specifically support enhancements in the Compliance Management System (CMS) and Risks and Controls framework in consumer banking.

Our Impact

Our consumer banking compliance team partners with all functional areas of the credit card, deposit, and lending business to advise on business strategy, develop compliant processes within the business, implement compliance processes, systems, and digital tools for identifying, measuring, and mitigating risk and report on the status of such risk. You will be involved in building and managing this rapidly growing business for the Firm focused on uplifts to the risks and controls framework.


How will you fulfill your Potential:

• Support and organize compliance’s involvement in front-line initiatives to enhance the control framework
• Participate in horizontal assessments of process, risks, and controls for consumer processes to drive and establish a common compliance control environment
• Serve as the key compliance contact for related working groups and develop subject matter expertise in regulations applicable to the businesses
• Participate on cross-functional team to identify and maintain compliance requirements in connection with consumer business processes
• Identify control and monitoring activities in the business to ensure timely detection of compliance issues and risks
• Develop and maintain related policies and procedures
• Collaborate with broader team to enhance the CMS and drive consistency in its execution


Basic Qualifications:

• 3+ years of compliance, operations, or legal experience in financial services
• Bachelor's degree or equivalent military experience
• Experience in compliance risks and controls
• Knowledge of applicable federal and state consumer lending laws and regulations as well as industry association standards, including, among others, Truth in Lending Act (Reg Z), Fair Credit Reporting Act (FCRA/Regulation V), Electronic Funds Transfer Act (EFTA), and Unfair, Deceptive or Abusive Acts and Practices (UDAAP)
• Must be self-directed, organized, positive, driven, detail-oriented, and effective in a fast-paced, changing environment


Preferred Qualifications:

• Risk management experience in Compliance, Legal, Audit, or related field
• Operational knowledge of consumer banking industry and products
• Strong understanding of digital and retail focused businesses
• Strong relationship management skills with ability to deepen relationships and build partnerships across the business and key functional support areas like Internal Audit, Legal, Technology, and Risk
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