Job Details

Purpose:

The Director of Compliance Testing supports the Compliance Management System by overseeing the

Bank’s compliance testing function for all business lines. The compliance testing function is critical to the Bank’s success as it allows the Bank to identify and correct compliance issues. It also serves to validate operational compliance. This position will be based in Murray, UT, and report to the VP of Compliance Testing.

Tasks:

• Develop the annual schedule for testing.
• Revise and update the testing program as needed, including but not limited to the following components:
  • Sampling Methodology
  • Reporting Template
  • Procedures
  • Test Scripts
• Stay abreast of all federal and state regulatory changes related to consumer lending and ensure those changes are incorporated into the Bank’s testing program.
• Provide final reviews of testing and reporting to ensure it is accurate and finalized for internal and external audiences.
• Contribute to Compliance Committee, Audit Committee, and Board Reporting.
• Assess the universe of Compliance Risk in the business.
• Support the development and maintenance of a culture of compliance within FinWise Bank and its Partners through sound and consistent feedback.
• Establishes and advances relationships with Partners and Bank departments while proactively identifying and forecasting future testing needs.
• Participates in events, work groups, committees, which gain exposure for FinWise Bank as appropriate.
• Effectively communicate testing goals to internal and external customers.
• Exercises job-related judgment and knowledge that will enhance and further the testing structure.
• Organizes and prioritizes testing for the team, while working within strict deadlines.
• Source and hire talent to significantly grow the testing and validation team.
• Develop relationships with senior management across the business.
• Actively participates and demonstrates leadership skills in meetings with Compliance team, all management meetings, and leadership meetings.
• Responsible for the supervision of direct reports within Compliance Department including orientation, counseling, training, competencies, scheduling, disciplinary actions.
• Mentor direct reports and support their professional development.

Required Education / Experience / License:

• BA/BS or equivalent professional experience.
• Demonstrated ability to manage and lead.
• Experienced in managing and maintaining a compliance testing program as part of a financial institution’s Compliance Management System Program.

Preferred Education /Experience / License:

• Master’s degree or JD degree with emphasis in business, compliance, or related field.
• Certified Regulatory Compliance Manager (“CRCM”).
• Minimum of 5 years in regulatory consumer compliance with experience in the following Federal laws and regulations:
  • Equal Credit Opportunity Act (“ECOA”)/ Regulation B
  • Truth in Lending Act (“TILA”)/ Regulation Z
  • Fair Credit Reporting Act (“FCRA”)/ Regulation V
  • Fair Lending
  • Unfair, Deceptive, or Abusive Acts or Practices (“UDAAP”)
  • Electronic Signatures in Global and National Commerce Act (“ESIGN”)
  • Electronic Funds Transfer Act (“EFTA”)/ Regulation E
  • Servicemember’s Civil Relief Act (“SCRA”)
  • Military Lending Act (“MLA”)
  • Fair Debt Collection Practices Act (“FDCPA”)