ORS Partners

Compliance Risk Officer

Job Locations US-Radnor
Posted Date 2 weeks ago(1/5/2021 10:10 AM)
Client & Job Location : Address
201 King of Prussia Rd
Client & Job Location : Postal Code
19080
Job ID
2021-7744
# of Openings
1
Category
Other
Type
Regular Full-Time

Overview

Role Summary:

This position is responsible for maintaining subject matter expertise for assigned regulations and areas at the Bank. This subject matter expertise provides support to all applicable business units within the Bank. This support includes but is not necessarily limited to: researching and opining on compliance questions, advertising review including print, website and social media advertising, due diligence, compliance oversight of white label partnerships, monitoring new and changing regulations, maintenance and/or review of compliance related policies and procedures, communication and coordination of required regulatory changes, active partnership on all initiatives to provide compliance insight, compliance risk evaluation, providing oversight in responding to consumer complaints received from government entities,  and completion of special projects as requested by management. This role requires interaction with internal auditors, state examiners, federal examiners and other similar regulatory bodies.

Responsibilities

To be successful in this role you should possess the following abilities:

  • Advise for financial services activities regarding Company’s regulatory compliance requirements, including the USA PATRIOT Act, Bank Secrecy Act, OFAC, Regulations E, D, DD, CC, Z, B, V, P, the Military Lending Act, and other related banking rules and regulations to ensure the organization complies with all pertinent state and federal laws.
  • Advise for financial services activities regarding Company’s regulatory compliance requirements, including UDAAP, CAN-SPAM and other consumer protection rules and regulations to ensure the organization complies with all pertinent state and federal laws.
  • Conduct and contribute to compliance risk assessments and perform compliance advisory reviews for new products and services.
  • Review and revise regulatory disclosures and marketing disclaimers so that they accurately reflect the feature/functionality of product offerings in a clear, concise, transparent and fully compliant manner.
  • Ability to handle multiple tasks simultaneously and work under tight deadlines.
  • Effective verbal and written communication skills.
  • Strong analytical, critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment.
  • Proactive identification of risks and ability to propose solutions.
  • Ability to work independently as well as with a range of senior managers, peers and junior colleagues.

Qualifications

Required Experience/ Qualifications:

 

  • Bachelor's degree required.
  • Minimum of 10 years of directly related work experience in banking regulatory compliance
  • Compliance certification (CRCM or equivalent)
  • Candidate must understand back office bank processing for all deposit products.
  • Thorough knowledge of USA PATRIOT Act, Bank Secrecy Act, OFAC, Regulations E, D, DD, CC, B, V, P, the Military Lending Act and other related deposit banking rules and regulations
  • Successful experience in performing analysis of compliance practices and procedures
  • Excellent analytical and communication skills
  • Should be a self-starter and organized; able to work independently, without supervision; able to solve problems and offer solutions.

 

 

About BankMobile:

Established in 2015, BankMobile is a division of Customers Bank and America’s largest and fastest growing mobile-first bank offering checking and savings accounts. BankMobile provides an alternative banking experience to the traditional model and is focused on technology, innovation, easy-to-use products and education with the mission of being “customer-obsessed” and creating “customers for life.” The disruptive, multi-partner distribution model, known as “Bank-as-a-Service,” created by the executive team enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. Today, BankMobile provides its “Bank-as-a-Service” platform to colleges and universities and currently serves nearly two million account-holders at 800 campuses (covering one out of every three students in the U.S.). BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve-regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com. BankMobile, a division of Customers Bank, will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex, protected veteran status or disability. BankMobile, a division of Customers Bank. Member FDIC - Equal Housing Lender - All Rights Reserved

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