Compliance Manager - Exam Management

Job Title              

Compliance Manager – Exam Management

About WebBank

WebBank (the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah.  As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies.  The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms.  WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners.

Job Summary

This position will report to a Vice President of Compliance and will be primarily charged with ensuring the quality of responses to regulatory requests, as well as supporting the issue management and change management processes at the Bank. This position assists in presenting the Bank’s strong Compliance Management System to its regulators.

Primary Responsibilities (Job Duties)

You Will:

• Gather and review responses to information and documentation requests made by state and federal regulators.
• Analyze documentation for compliance with the technical requirements of consumer protection regulations.
• Report to executive management regarding the condition of the bank’s Compliance Management System and status of examination activities, including examination findings and recommendations. 
• Review bank documentation for compliance with applicable consumer protection regulations. Write clear, professional, accurate, and responsive memos in reply to examiner requests for information.
• Track examination requests and ensure timely feedback is provided to regulators.
• Conduct and participate in examination meetings with state and federal regulators regarding the components of the bank’s Compliance Management System and compliance program (policies/procedures, training, monitoring/audit, and reply to consumer complaints).  
• Perform quality control (QC) reviews of issues to ensure accuracy and completeness in the issue management process.
• Support the issue management process by identifying gaps, implementing efficiency improvements, and assisting in the development of resources and reporting.
• Review issues for high-risk areas to identify potential impacts on the Bank and/or Strategic Partner and ensure appropriate mitigation strategies are in place.
• Implement bank-wide corrective actions to the Bank’s compliance management system based on issue trends.

Qualifications

You Have:

• Bachelor's degree or 10 years of regulatory compliance experience
• Experience in a bank environment is required
• Direct experience dealing with regulators (FDIC, Utah Department of Financial Institutions) is highly desired
• Proficient Knowledge of federal and state lending laws
• Knowledge of AML/BSA guidelines and requirements
• Excellent ability to interpret legal and statutory materials as well as state and federal regulations
• Ability to interface effectively and build relationships with Strategic Partner counterparts and other departments internally
• Ability to handle a fast-paced environment, take ownership of projects and successfully meet established project deadline requirements

Even Better:

• Master degree
• CRCM designation
• Strong written and oral communication skills, presentation skills

Company Perks:

You Get:

• Flexible work options – Flexible work-from-home opportunities and other hybrid workplace options are available
• Paid Time Off (PTO) - Generous paid time off plus paid parental leave
• Health insurance – Plans include an employer paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
• Life and Disability Insurance – Life insurance and long and short-term disability insurance plans are 100% employer paid
• Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year