Senior Compliance Officer, Partner Advisory

Description

The Senior Advisory Compliance Officer is responsible for performing compliance advisory duties as assigned in support of the Bank’s Compliance Management Program to meet the ongoing objectives of Stride Bank and to ensure all banking rules, regulations, and statutory requirements are met.

Principle Duties And Responsibilities

• Maintains effective working knowledge of applicable federal and state laws, regulations, and regulatory guidance.
• Provides clear guidance to fintech partners and Bank personnel on becoming and remaining compliant.
• Develops and enhances oversight reporting to help ensure the success of the fintech partner programs
• Supports the development and implementation of new fintech partner products and services, ensuring compliance considerations are incorporated from the outset and throughout the lifecycle.
• Scopes compliance partner monitoring activities to align with the Bank’s Compliance Risk Assessment and corporate risk appetite.
• Assesses changes to business processes, products, and technology to determine impact to the regulatory risk profile and the effectiveness of the control environment.
• Partners with process/data owners to validate data content.
• Conducts meetings with business partners throughout the compliance program lifecycle. Responsible for providing clear guidance based on identified risks and effectiveness of the control environment to fintech partners.
• Provides feedback to help the Bank maintain up-to-date compliance Policies, Program Standards, procedures, guidelines, training documents and other associated forms/documents.
• Develops recommendations for updates to processes and systems minimizing compliance risk, improve performance and productivity, and ensure that specific areas of the bank comply with all relevant laws, regulations, and standards.
• Monitors and investigates compliance-related issues, incidents, and complaints involving Bank sponsored partnerships; performs accurate root cause analysis; collaborates with cross-functional stakeholders to address issues efficiently and effectively.
• Maintains professional and technical knowledge by researching regulatory changes, reading professional publications, attending educational workshops, establishing personal networks, benchmarking state-of-the-art practices, and participating in professional societies.
• Participates in any third party (OCC, VISA, etc.) audit requests pertaining to compliance.
• Assesses effectiveness of the implementation and execution of compliance controls.
• Performs other duties as assigned.
  
  

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, or equivalent work experience, required.
• 3-5 years’ experience in banking and 1-3 years’ experience in regulatory risk management, required.
• CRCM certification, preferred.
  
  

Knowledge, Skills, And Abilities

• Ability to work in a fast paced and rapidly evolving market.
• Strong analytical and conceptual thinking skills, with the ability to solve problems and make decisions using data.
• Knowledge of existing and emerging bank regulations.
• Knowledge of audit processes and compliance with required reporting.
• Ability to analyze compliance procedures and standards.