What are the responsibilities and job description for the Lead Compliance Officer position at Credit One Bank?
Description
Position Summary
The Compliance Officer will be responsible for assisting in the implementation of the Bank's Compliance Program, designed to ensure that the Bank is in compliance with various consumer laws and regulations.
Summary of Essential Job Functions
- Maintains an advanced knowledge of laws, regulations, and regulatory guidance related to the Bank's activities and products.
- Provides consultative services to all departments relative to consumer compliance matters and maintains a strong working relationship with all departments.
- Reviews marketing material (solicitations, disclosures, statement inserts, etc.) and customer disclosure documents (such as Adverse Action Notices) prior to implementation.
- Develops cardholder agreement language, website and telephone script disclosure language, etc., coordinated through the senior compliance personnel and legal counsel.
- Reviews and revises Compliance policies and guidelines provided to various departments as appropriate when regulatory agencies issue new or amended regulations, or to cover new products developed by the Bank.
- Conducts annual review of assigned Compliance policies and procedures to ensure they are up to date.
- Assists with preparing quarterly Board reports covering Compliance Department activities.
- Assists with the coordination of OCC regulatory compliance exams and external compliance audits. Provides guidance to the business on developing action plans to resolve any exceptions noted.
- Analyzes complaint reports received from the Office of the Comptroller of the Currency (OCC) to identify any trends that may indicate compliance related issues.
- May conduct monitoring reviews covering the above laws and regulations, provides written reports of findings and recommendations to department heads and executive management, and follows up to ensure corrective action has been taken on exceptions noted.
- May conduct testing of system functionality prior to or post implementation to ensure regulatory requirements are met.
- May review new or revised training courses to determine applicability to Bank employees and makes recommendations on courses that should be taken by Bank employees and the frequency they should be taken.
- May respond to confidential information requests from governmental agencies in connection with suspected terrorists.
- Performs other duties as assigned.
Position Requirements
Credit One Bank, N.A. is a data-driven financial services company based in Las Vegas. Founded in 1984, Credit One Bank offers a spectrum of credit card products for people in all stages of financial life. Credit One Bank is an equal opportunity employer committed to diversity and inclusion and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin. Reasonable accommodations can be made for those who require them, including access to job applications and workplace accommodations. Employment at Credit One Bank is based on mutual consent (also known as at-will). This means that employees and the Bank may terminate the employment relationship at any time, with or without cause and with or without notice. Please contact the recruiter for this position to learn more. Credit One Bank does not accept unsolicited resumes from agencies and is not responsible for related fees.
