What are the responsibilities and job description for the Fair and Responsible Banking Assessment and Analysis Program Manager position at Sallie Mae?
What You'll Contribute
The Senior Manager, Compliance Risk reports to the Compliance Risk and Fair & Responsible Banking Officer. The Senior Manager will be responsible for managing and implementing compliance risk strategies, policies, and procedures for the Fair and Responsible Banking Program (FRB) analysis oversight and risk reviews. Analysis and results will be leveraged to provide effective challenge on risk taking activity as it pertains to Fair and Responsible Banking Risk (focused on Fair Lending and UDAAP) to ensure adherence to regulatory requirements and mitigate potential risks.
What You'll Do
Collaborate with cross-functional teams to assess compliance risks and provide expert guidance and advise associated with business activities, new products, services, and business partnerships ensuring adherence to internal policies and external regulations.
Conduct regular compliance risk assessments and audits to identify potential areas of non-compliance and develop appropriate action plans.
Stay up-to-date with changes in laws, regulations, and industry standards relevant to the organization's operations and proactively communicate these changes to the relevant stakeholders.
Monitor, prepare and present compliance risk reports to management on the effectiveness of the compliance program, highlighting key findings, emerging risks or issues to senior management and areas for improvement, and recommendations for corrective actions.
Collaborate with internal and external stakeholders to investigate and resolve compliance-related issues, responding to inquiries and audits as required.
The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What you have
Minimum education, skills and experience required.
Strong knowledge of applicable laws, regulations, and industry standards pertaining to compliance and risk management.
Demonstrated experience in developing and implementing compliance programs.
Excellent leadership and people management skills, with the ability to lead and motivate direct and indirect teams.
Exceptional communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels.
Analytical mindset with the ability to identify and assess compliance risks, and develop and implement effective mitigation strategies.
Strong problem-solving and decision-making abilities, with the capacity to navigate complex compliance issues.
Ability to understand complex business processes and develop or advise on effective risk management and monitoring programs.
Ability to perform research regarding unfamiliar topics and develop thoughtful recommendations for solutions.
Demonstrated ability and willingness to challenge and influence business and risk partners.
Excellent oral and written communications skills with the ability to present complex data in a clear, concise, user-friendly format to all levels of audience.
5+ years of experience in compliance risk management, preferably in a regulated industry or financial institution.
Strong/Proficient knowledge in ECOA (Reg B), Fair Lending, and UDAAP.
Must have excellent organizational and project management skills with strong attention to detail.
Preferred education, skills, and experience.
Bachelor's degree in business, finance, economics, law, or a related field.
Certifications in regulatory, audit, or risk management disciplines.
Salary : $77,000 - $128,000