Works to mitigate risk exposure by identifying and reporting breakdowns, summarizing and disseminating information on new laws and regulations, and assisting with implementation of changes to policies, procedures and training as a result of regulatory or other changes.
*Opportunity to work remotely (if not local) based on business needs and on a case by case basis
ACCOUNTABILITIES
RESEARCHES NEW AND EXISTING REGULATORY REQUIREMENTS IMPACTING CREDIT DIVISION
Prepares summaries on regulatory issues
Communicates regulatory changes to management
Works with bank partner to align on interpretation and implementation of agreed upon actions within acceptable timeline
Assesses current practices and assists in implementation of required changes
SERVES AS POINT OF CONTACT FOR REGULATORY INFORMATION
Serves as liaison for regulatory questions within Credit division
Reviews and escalates control monitoring variances
Reviews and evaluates risk issues
Engages business owners to remediate risk
Serves as point of contact for new Credit initiatives
WORKS WITH BUSINESS UNITS AND BANK PARTNER TO ASSESS AND MITIGATE RISK
Reviews documented policies and procedures and training materials to identify risk, gaps and remediation
Ensures effective controls are developed and maintained to mitigate risk
SPECIAL PROJECTS
Serves as point of contact for bank partners audits, exams, assessments and testing
Handles special projects, as assigned
QUALIFICATIONS
REQUIRED
Prior credit, banking or compliance experience
Strong analytical skills
Excellent communication skills
PREFERRED