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Compliance Officer

ComplianceComplianceFull TimeRemoteLeadTeam 201-500H1B SponsorCompany SiteLinkedIn

Location

United States

Posted

45 days ago

Salary

$130.1K - $162.7K / year

Seniority

Lead

Bachelor Degree10 yrs expEnglish

Job Description

Compliance Officer

Coastal

• Work with the Director, Compliance to develop, administer and monitor the implementation of a CMS that provides assurance over the Bank’s compliance with all applicable laws and regulations applicable to its operations and product offerings particularly those of Bank Business Lines and/or BaaS FinTech Partners. • Monitor external resources for emerging regulatory compliance trends or changes to the compliance environment; assess applicability to Bank Business Lines and/or BaaS FinTech Partners, and effectively lead the implementation of the change. • Assess the compliance risk needs of Bank Business Lines and/or BaaS FinTech Partners in response to growth and evolving business activities and help support the Advisory Compliance Program accordingly. • Maintain proficient knowledge of and ensure Bank Business Lines and/or BaaS FinTech Partners activities are performed in compliance with state and federal banking laws and regulations applicable to assigned areas of oversight. • Serve as subject matter expert to provide compliance advice and guidance to Bank Business Lines and/or BaaS FinTech Partners while addressing any compliance questions. • Effectively communicate with BaaS FinTech Partners, peers, Compliance Leadership, and/or process owners so that all stakeholders are informed about compliance requirements and have the awareness to work together to mitigate compliance risk exposure. • As requested, liaise with external parties such as Federal or State bank examiners, external auditors, and outside consulting firms regarding the Bank’s compliance function. • Help to oversee complaint analysis of assigned Bank Business Lines and/or BaaS FinTech Partners by researching, gathering documentation, drafting complaint responses, tracking, and reporting on complaints. • Oversee issue management for assigned Bank Business Lines and/or BaaS FinTech Partners, including the identification and dissection of issues to identify the root cause, risks, recommendations, and remediation efforts. • Lead Compliance risk assessments of assigned for assigned Bank Business Lines’ and/or BaaS FinTech Partners' new or modifications to product and service offerings to identify any compliance related issues and/or new regulatory requirements. • Support the development and recommend approval of compliance policies, ensuring that standards, procedures, and guidelines comply with applicable laws and regulations, the Bank’s risk appetite, tolerances, and policies. • Research laws and regulations as needed or when unique circumstances arise. • Independently investigate and act on matters related to compliance and risk. • Lead the collection of information for regulatory examinations and compliance-related audits related to Bank Business Line and/or BaaS FinTech Partner compliance. • Support post-examination follow up and oversee corrective actions. • Work with the Director, Compliance in the preparation and presentation of clear and concise reporting to Compliance Leadership. • Report to the Director, Compliance on a regular basis, providing status updates related to the oversight of Bank Business Lines and/or BaaS FinTech Partners. • May prepare or support the filing for federal, state, and local regulatory agencies. • Keep informed and maintain knowledge of all applicable bank regulations for assigned job function through research, training and/or coursework. • Provide internal service in accordance with Coastal Core Values. • Support other key compliance and risk management projects as needed. • Perform additional duties as assigned.

Job Requirements

  • Extensive knowledge of financial services, BaaS, deposit, lending, and privacy compliance laws and regulations (e.g., Regulation E, Truth in Savings Act, Unfair, Deceptive or Abusive Acts or Practices, FACTA, Reg Z-Truth in Lending, Regulation B-Equal Credit Opportunity Act, Fair Credit Reporting Act).
  • Ability to build rapport and develop strong internal and external partnerships.
  • Ability to succinctly and effectively present information and respond to questions from Bank Business Lines, FinTech Partners, and Compliance Leadership.
  • Demonstrated decision-making skill under demanding situations while dealing with complex issues involving competing interests.
  • Can interpret a variety of instructions furnished in written or oral form and translate requirements to direct reports.
  • Strong analytical, problem-solving skills and abilities with strong attention to detail and accuracy.
  • Capacity to multitask while working on long-term projects while maintaining the ability to focus on critical deliverables.
  • Proven ability to prepare documents and compose memos, compliance program documents, and/or Bank-wide policies and procedures.
  • Strong organization, time management and project management skills.
  • Ability to work independently and with a team.
  • Experience in attracting, developing, and retaining key talent.
  • Ability to research and interpret data from various sources.
  • Comprehensive knowledge of Microsoft Office Products. Can build proficiency in other software solutions used by the Compliance group.
  • Dedication to integrity, producing high quality results, and meeting deadlines.
  • Actively learns, demonstrates, and fosters the Bank’s core values and culture in all actions and words.
  • Willing to follow and comply with all applicable regulatory compliance laws.
  • Humility, integrity, and a killer sense of humor; you take your work seriously but not yourself.

Benefits

  • Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
  • Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
  • Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
  • Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
  • Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
  • Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
  • Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
  • 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
  • Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
  • Holidays: Enjoy 11 paid holidays throughout the year.

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