Sutton Bank
Join to apply for the
Payments Division Compliance Analyst
role at
Sutton Bank
Summary Sutton Bank is seeking a Compliance Manager to support its growing, nationwide, consumer card payment activities and third-party fintech relationships, with a strong emphasis on prepaid card products. The incumbent will partner effectively with key stakeholders throughout the bank in establishing and maintaining policies and procedures aimed at driving compliance with applicable laws, rules, regulations, and industry standards. Responsible for identifying and implementing effective compliance solutions for complex banking products and services.
Qualifications
Education:
Bachelor's Degree required; advanced degree is a plus.
Licenses/Certifications:
Certified Regulatory Compliance Manager (CRCM) is a plus but not required.
Experience:
Five (5) years of relevant compliance experience in the financial services industry, preferably in a regulated bank environment. Exceptional educational credentials may compensate for fewer years of experience.
Essential Functions
Identifies and advises on effective compliance solutions involving complex laws, regulations, and business concepts.
Reviews marketing and advertising materials for compliance and performs other front-end compliance activities.
Communicates effectively with business partners, external partners, and regulators, explaining complex concepts clearly and drafting understandable policies and procedures.
Maintains in-depth knowledge of relevant laws and regulations, including the Electronic Funds Transfers Act, Regulation E, the Gramm-Leach-Bliley Act, Regulation P, state privacy laws, UDAP/UDAAP laws, AML requirements, and sanctions regulations.
Performs compliance monitoring and testing, and reviews compliance-related business reporting.
Facilitates regulatory change management and risk assessments.
Partners with Legal and Compliance teams, oversees third-party compliance resources, and develops compliance training.
Handles additional compliance duties as needed and ensures corrective actions are completed timely.
Knowledge/Skills/Abilities
Effective communication skills, both verbal and written.
Excellent interpersonal skills and knowledge of the supported business area.
Self-motivated with the ability to manage multiple tasks and meet deadlines.
Strong problem-solving skills, attention to detail, and understanding of banking laws and regulations.
Ability to translate regulatory guidance into effective advice and work effectively in a banking environment.
Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, disability, or veteran status.
#J-18808-Ljbffr
Payments Division Compliance Analyst
role at
Sutton Bank
Summary Sutton Bank is seeking a Compliance Manager to support its growing, nationwide, consumer card payment activities and third-party fintech relationships, with a strong emphasis on prepaid card products. The incumbent will partner effectively with key stakeholders throughout the bank in establishing and maintaining policies and procedures aimed at driving compliance with applicable laws, rules, regulations, and industry standards. Responsible for identifying and implementing effective compliance solutions for complex banking products and services.
Qualifications
Education:
Bachelor's Degree required; advanced degree is a plus.
Licenses/Certifications:
Certified Regulatory Compliance Manager (CRCM) is a plus but not required.
Experience:
Five (5) years of relevant compliance experience in the financial services industry, preferably in a regulated bank environment. Exceptional educational credentials may compensate for fewer years of experience.
Essential Functions
Identifies and advises on effective compliance solutions involving complex laws, regulations, and business concepts.
Reviews marketing and advertising materials for compliance and performs other front-end compliance activities.
Communicates effectively with business partners, external partners, and regulators, explaining complex concepts clearly and drafting understandable policies and procedures.
Maintains in-depth knowledge of relevant laws and regulations, including the Electronic Funds Transfers Act, Regulation E, the Gramm-Leach-Bliley Act, Regulation P, state privacy laws, UDAP/UDAAP laws, AML requirements, and sanctions regulations.
Performs compliance monitoring and testing, and reviews compliance-related business reporting.
Facilitates regulatory change management and risk assessments.
Partners with Legal and Compliance teams, oversees third-party compliance resources, and develops compliance training.
Handles additional compliance duties as needed and ensures corrective actions are completed timely.
Knowledge/Skills/Abilities
Effective communication skills, both verbal and written.
Excellent interpersonal skills and knowledge of the supported business area.
Self-motivated with the ability to manage multiple tasks and meet deadlines.
Strong problem-solving skills, attention to detail, and understanding of banking laws and regulations.
Ability to translate regulatory guidance into effective advice and work effectively in a banking environment.
Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, disability, or veteran status.
#J-18808-Ljbffr