Medallion Bank
Strategic Partnerships Compliance Manager
Medallion Bank, Salt Lake City, Utah, United States, 84193
Strategic Partnerships Compliance Manager
Join to apply for the
Strategic Partnerships Compliance Manager
role at
Medallion Bank Strategic Partnerships Compliance Manager
1 day ago Be among the first 25 applicants Join to apply for the
Strategic Partnerships Compliance Manager
role at
Medallion Bank Get AI-powered advice on this job and more exclusive features. Who We are:
At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!
How You Will Support the Team:
The SP Compliance Manager (“CM”) is responsible for supporting the bank’s Strategic Partnership (“SP”) relationships by working closely with our Strategic Partner Managers (“SPMs”) to oversee contractual and regulatory compliance requirements for the Bank’s SP's. Understanding regulatory compliance and Strategic Partnerships is essential in managing the Strategic Partnerships Program.
What We Are Looking For:
Be the primary contact for compliance related information and activities for assigned Strategic Partner Programs. Guide your assigned Strategic Partner Program(s) through building and/or maintaining a quality Compliance Management System that follows regulatory guidelines and Bank standards. Execute the Bank’s 2nd line CMS for your assigned Strategic Partner Program (Risk Assessment, Monitoring & Testing, Issue Management, Complaints, etc.). Report to Executive Management and inform support teams of key developments related to regulatory compliance at assigned Strategic Partner Programs and identify the impact of those developments to the Bank. Ensure that existing and proposed Bank and Strategic Partner Program business practices, policies, procedures, loan pricing, origination software systems, marketing materials, customer correspondence, documents and disclosures comply with federal and state regulations. Stay abreast of federal and state regulatory changes related to consumer lending and privacy and ensure those changes are communicated to and addressed by Bank management and Strategic Partners. Assist in addressing internal and external audit findings and help prepare responses as requested. Assist in the refinement and execution of compliance monitoring programs to test the compliance controls and procedures of the Bank and assigned Strategic Partner Programs. Support Business Development in launching new products by helping SPs understand requirements for launch, documenting the key compliance risks associated with prospective SPs, and communicating and collaborating across internal functions to ensure smooth launch. Assists in resolving findings of audits, testing, and examinations if any. Helps the Bank comply with BSA/AML requirements for SP activities, i.e., FinCEN 314(a) requests, OFAC scrubs, BSA document management, reporting, suspicious activity reporting, and risk assessments related to compliance areas. Is aware of all applicable regulatory changes related to consumer lending, security, and privacy and can effectively provide guidance of such to SPs. Provide regulatory guidance in response to questions in a way that relevant stakeholders and SPs can understand the risks. Reviews and approves customer facing correspondence, including marketing material. Oversee risk management and risk assessment processes for assigned SP(s), including conducting and documenting comprehensive risk assessments to understand and address areas of elevated risk. Seeks to appropriately balance the Bank’s desire to grow and enhance profitability of its SP programs with the need to manage consumer protection risk. Ensure that SPs are compliant with all regulatory compliance related requirements of their agreements with the Bank. Assists with ongoing relationship management for SP programs, included maintaining comprehensive knowledge of the SPs’ product offerings, sales promotions, marketing materials, business operations, credit underwriting, and compliance management system (“CMS”). Performs other duties as assigned.
You Would be a GREAT fit with these skills:
Self-motivated and hard working. Must be able to handle various functions simultaneously and function in a fast-paced environment. Experience in processing consumer loan applications and stipulations is a plus but not required. Basic math and computer skills for income calculation. Excellent written and verbal communication and interpersonal skills. Ability to successfully work in a team environment. Ability to make sound decisions and communicate decisions effectively. Willing to work on various projects as needed.
Preferred Level of Experience:
Bachelor’s degree or 3+ years of equivalent work experience with consumer lending required. Certified Regulatory Compliance Manager, Certified Anti-Money Laundering Specialist, Certified Enterprise Risk Professional, or similar certification preferred, or the ability to retain after hired. Compliance Manager experience at a financial institution or examiner experience with a financial regulatory agency (FDIC or UDFI) required. Proficient knowledge of federal banking laws applicable to consumer lending required. Good people-management and interpersonal skills, including the ability to work well in a team or individually. Ability to analyze complex issues with strong attention to detail; identify and drive strategic solutions. Skill in coordinating with other departments to accomplish mutual goals between the Bank and its SPs. Assertive self-starter, with exceptional professional verbal/written skills, who is highly organized and able to work independently to finish assigned projects. Must be collaborative and a problem solver capable of meeting established project deadlines.
What’s in it for YOU?
Comprehensive benefits including medical, dental, vision, disability, and life insurance 401K with a company match PTO including 11 federal paid holidays off, vacation time and sick time Financial Wellness Program Volunteer Opportunities Awesome company culture and co-workers who love to work here – 30% of our employees have worked at Medallion Bank for 10 years. Work Life Balance – We don’t use that term lightly! Company Wide Open Door Policy Hybrid Work Schedule for positions that qualify
Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Legal Industries Banking Referrals increase your chances of interviewing at Medallion Bank by 2x Sign in to set job alerts for “Compliance Manager” roles.
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Join to apply for the
Strategic Partnerships Compliance Manager
role at
Medallion Bank Strategic Partnerships Compliance Manager
1 day ago Be among the first 25 applicants Join to apply for the
Strategic Partnerships Compliance Manager
role at
Medallion Bank Get AI-powered advice on this job and more exclusive features. Who We are:
At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!
How You Will Support the Team:
The SP Compliance Manager (“CM”) is responsible for supporting the bank’s Strategic Partnership (“SP”) relationships by working closely with our Strategic Partner Managers (“SPMs”) to oversee contractual and regulatory compliance requirements for the Bank’s SP's. Understanding regulatory compliance and Strategic Partnerships is essential in managing the Strategic Partnerships Program.
What We Are Looking For:
Be the primary contact for compliance related information and activities for assigned Strategic Partner Programs. Guide your assigned Strategic Partner Program(s) through building and/or maintaining a quality Compliance Management System that follows regulatory guidelines and Bank standards. Execute the Bank’s 2nd line CMS for your assigned Strategic Partner Program (Risk Assessment, Monitoring & Testing, Issue Management, Complaints, etc.). Report to Executive Management and inform support teams of key developments related to regulatory compliance at assigned Strategic Partner Programs and identify the impact of those developments to the Bank. Ensure that existing and proposed Bank and Strategic Partner Program business practices, policies, procedures, loan pricing, origination software systems, marketing materials, customer correspondence, documents and disclosures comply with federal and state regulations. Stay abreast of federal and state regulatory changes related to consumer lending and privacy and ensure those changes are communicated to and addressed by Bank management and Strategic Partners. Assist in addressing internal and external audit findings and help prepare responses as requested. Assist in the refinement and execution of compliance monitoring programs to test the compliance controls and procedures of the Bank and assigned Strategic Partner Programs. Support Business Development in launching new products by helping SPs understand requirements for launch, documenting the key compliance risks associated with prospective SPs, and communicating and collaborating across internal functions to ensure smooth launch. Assists in resolving findings of audits, testing, and examinations if any. Helps the Bank comply with BSA/AML requirements for SP activities, i.e., FinCEN 314(a) requests, OFAC scrubs, BSA document management, reporting, suspicious activity reporting, and risk assessments related to compliance areas. Is aware of all applicable regulatory changes related to consumer lending, security, and privacy and can effectively provide guidance of such to SPs. Provide regulatory guidance in response to questions in a way that relevant stakeholders and SPs can understand the risks. Reviews and approves customer facing correspondence, including marketing material. Oversee risk management and risk assessment processes for assigned SP(s), including conducting and documenting comprehensive risk assessments to understand and address areas of elevated risk. Seeks to appropriately balance the Bank’s desire to grow and enhance profitability of its SP programs with the need to manage consumer protection risk. Ensure that SPs are compliant with all regulatory compliance related requirements of their agreements with the Bank. Assists with ongoing relationship management for SP programs, included maintaining comprehensive knowledge of the SPs’ product offerings, sales promotions, marketing materials, business operations, credit underwriting, and compliance management system (“CMS”). Performs other duties as assigned.
You Would be a GREAT fit with these skills:
Self-motivated and hard working. Must be able to handle various functions simultaneously and function in a fast-paced environment. Experience in processing consumer loan applications and stipulations is a plus but not required. Basic math and computer skills for income calculation. Excellent written and verbal communication and interpersonal skills. Ability to successfully work in a team environment. Ability to make sound decisions and communicate decisions effectively. Willing to work on various projects as needed.
Preferred Level of Experience:
Bachelor’s degree or 3+ years of equivalent work experience with consumer lending required. Certified Regulatory Compliance Manager, Certified Anti-Money Laundering Specialist, Certified Enterprise Risk Professional, or similar certification preferred, or the ability to retain after hired. Compliance Manager experience at a financial institution or examiner experience with a financial regulatory agency (FDIC or UDFI) required. Proficient knowledge of federal banking laws applicable to consumer lending required. Good people-management and interpersonal skills, including the ability to work well in a team or individually. Ability to analyze complex issues with strong attention to detail; identify and drive strategic solutions. Skill in coordinating with other departments to accomplish mutual goals between the Bank and its SPs. Assertive self-starter, with exceptional professional verbal/written skills, who is highly organized and able to work independently to finish assigned projects. Must be collaborative and a problem solver capable of meeting established project deadlines.
What’s in it for YOU?
Comprehensive benefits including medical, dental, vision, disability, and life insurance 401K with a company match PTO including 11 federal paid holidays off, vacation time and sick time Financial Wellness Program Volunteer Opportunities Awesome company culture and co-workers who love to work here – 30% of our employees have worked at Medallion Bank for 10 years. Work Life Balance – We don’t use that term lightly! Company Wide Open Door Policy Hybrid Work Schedule for positions that qualify
Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Legal Industries Banking Referrals increase your chances of interviewing at Medallion Bank by 2x Sign in to set job alerts for “Compliance Manager” roles.
Salt Lake City Metropolitan Area $110,000.00-$125,000.00 1 week ago Compliance Manager, Regulatory Change Management
Cottonwood Heights, UT $105,600.00-$198,000.00 1 week ago Compliance - Salt Lake City - Vice President, Financial Crime Compliance – 8633447
Sandy, UT $90,000.00-$165,000.00 3 days ago Compliance, Core Compliance- Learning, Associate, Salt Lake City
Salt Lake City, UT $80,000.00-$90,000.00 2 weeks ago Compliance Manager (Strategic Partnerships)
Senior Safety & Compliance Specialist- Salt Lake City, Utah 114023
Salt Lake City, UT $103,800.00-$134,200.00 3 days ago Salt Lake City Metropolitan Area 1 week ago Senior Safety and Compliance Specialist #114023
Salt Lake City, UT $103,800.00-$134,200.00 1 day ago Compliance, Core Compliance - Risk Assessments, Associate, Dallas or Salt Lake City
Compliance-Salt Lake City-Associate-Financial Crime Controls
Manager of HR, Compliance, & Legal Affairs
Salt Lake City Metropolitan Area 2 weeks ago Director, Compliance Officer – Crypto & Digital Assets
Cottonwood Heights, UT $153,600.00-$264,000.00 6 days ago Salt Lake City, UT $60,000.00-$85,000.00 1 month ago Salt Lake City, UT $65,000.00-$85,000.00 1 week ago Cottonwood Heights, UT $86,400.00-$162,000.00 2 weeks ago Salt Lake City, UT $102,100.00-$197,100.00 2 days ago Cottonwood Heights, UT $108,800.00-$204,000.00 1 week ago Senior Safety & Compliance Specialist- Salt Lake City, Utah #114023
Salt Lake City, UT $103,800.00-$134,200.00 3 days ago Internal Audit-Salt Lake City-Analyst- Compliance & Legal
Compliance-Salt Lake City-Associate-Program Management
Cottonwood Heights, UT $86,400.00-$162,000.00 1 week ago Environmental Compliance Manager (Remote - Intermountain and Southcentral)
Salt Lake City, UT $98,742.00-$123,428.00 1 week ago Salt Lake City, UT $108,000.00-$182,000.00 3 weeks ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr