What are the responsibilities and job description for the VP, Compliance Officer position at Axos Bank?
Axos Bank
You will develop compliance programs and procedures to ensure bank products & services comply with federal and state laws and regulations and identify potential areas of compliance vulnerability and risk. You will also develop corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.
Your expertise in regulatory compliance, risk management, and policy development will be crucial in guiding our team and maintaining a culture of compliance.
Target Range:
$100,000.00/Yr. - $115,000.00/Yr.
Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
Eligible for an Annual Discretionary Cash Bonus Target: 10%
Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%
These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.
About This Job
As Vice President (VP) Compliance Officer at Axos Bank, you will be responsible for ensuring that our operations comply with all regulatory requirements and internal policies.You will develop compliance programs and procedures to ensure bank products & services comply with federal and state laws and regulations and identify potential areas of compliance vulnerability and risk. You will also develop corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future.
Your expertise in regulatory compliance, risk management, and policy development will be crucial in guiding our team and maintaining a culture of compliance.
Responsibilities:
- Oversight of scheduled loan level documentation reviews, regulatory change management communication, and transactional testing on all lending products through focused and random sample basis. Assess the appropriateness of the existing review scope and develop new or enhance approach to increase effectiveness of the CMS Program & Regulatory Change Management Program. Participate and support in business unit touchpoint meetings communicate results and any required action steps
- Identify automation initiatives through data driven compliance monitoring to streamline processes, includes model validation, reporting and working with data analytics to identify business requirements and develop alerts. Review effectiveness of existing alerts and ensure timely completion
- Participate in task force for the purposes of developing marketing campaigns, disclosures, new products, and customer facing or escalated regulatory questions. Address regulatory concerns as applicable and identify solutions. Provide response and/or guidance to the Business Units, vendors, etc
- Develop and/or own Management Directives and Policies for submission to Management/Board Committees. Serve as Compliance Coordinator providing guidance aligned with Policy requirements. Present & participate in Compliance Management Committee. Support OCC examinations as needed
Qualifications:
- Bachelor’s degree in finance, business administration, law, or equivalent work experience
- 5 years of experience in banking compliance, risk management, or a related field
- Proven experience in a leadership or managerial role within compliance or risk management
- Deep understanding of banking laws, regulations, and compliance requirements
- Strong analytical abilities to assess regulatory impacts and identify compliance risks
- Meticulous attention to detail to ensure thorough compliance monitoring and reporting
- Excellent verbal and written communication skills for training staff and reporting to senior management
- Effective problem-solving abilities to develop and implement process improvements
- High ethical standards and integrity
- Commitment to staying updated on regulatory changes and industry best practices
Axos Employee Benefits May Include:
- Medical, Dental, Vision, and Life Insurance
- Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)
- HSA or FSA account and other voluntary benefits
- 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
- Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading
About Axos
Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.
Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX).
Learn more about working at Axos
Pre-Employment Background Check and Drug Test:
All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.
Equal Employment Opportunity:
Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.
Job Functions and Work Environment:
While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.
The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
Salary : $100,000 - $115,000
