AVP Enterprise Compliance (Hybrid)

AVP Enterprise Compliance (Hybrid)

Work Arrangement: After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.

Manage the relationship and oversight of compliance for one or more lines of business, as assigned, through implementation of an effective compliance program in collaboration with the Compliance Officer.

At The Bancorp, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions across Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

Key Responsibilities

1. Develops and maintains a collaborative working relationship with internal and external clients.
2. Keeps abreast of relevant consumer protection laws, regulations, and supervisory guidance applicable to the assigned business line. Informs management and clients of new and modified compliance requirements.
3. Reviews and updates policies, procedures and disclosures as needed for adherence with applicable laws and regulations. May assist in the development of compliance-related policies and procedures.
4. Assists in creating and maintaining company standards related to higher risk products, services, and practices. Ensures documentation and training materials are current to minimize risks.
5. Performs compliance reviews and risk assessments on new programs and initiatives as assigned.
6. Participates in due diligence reviews of key third party service providers associated with the line of business, as assigned.
7. Reviews elevated marketing collateral and materials for adherence to regulatory requirements and bank standards, providing guidance and advice as needed.
8. Assists line of business in the remediation of any risk items arising from testing, audits or examinations.
9. Acts as a subject matter expert, advising internal and external clients on day-to-day, elevated and complex compliance issues, rules, and regulations. Partners with clients to develop solutions and makes recommendations to meet compliance needs.
10. Assists in the management of compliance-related audits and examinations. Gathers relevant documentation, meets with auditors, prepares audit responses as needed, and implements actions recommended by auditors and examiners.
11. If assigned, manages compliance analyst team members; may interview, hire, set high performance standards, and manage team performance in accordance with HR policies. Creates a flexible and engaged work environment that fosters employee trust and engagement.
12. Motivates others to perform at their best.
13. Performs other duties as assigned.
14. No travel required.

Qualification Requirements

• Undergraduate degree in business or a related field or an equivalent combination of training and experience.
• Five years consumer compliance experience in the banking or financial services industry, specifically experience within or supporting a line of business.

Preferred Requirements

• CRCM, CCBCO or other compliance certification preferred.
• Strong knowledge of federal consumer protection laws affecting lending, deposit and payments-related products and services.
• Excellent verbal, written, and interpersonal communication skills.
• Detail oriented with strong organizational skills.
• Team player able to work effectively in a multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

Employment & Benefits

Information available at The Bancorp Bank, N.A.

EEO Statement

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category.

Employment includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.