Compliance Analyst

Description

Who We Are

We believe the future of banking is digital, connected, contextual, and customer-first.

We dreamed of a better way of banking for businesses and their busy owners, so we built Thread Bank. Our digital-first solutions combine best-in-class technology with a streamlined customer experience to reduce the time, effort, and mental energy required to do everyday business and personal banking.

Next, we created an easy-to-implement, easy to sell, embedded banking solution. It empowers business technology platforms to offer the same simplified, secure, small business banking experience we offer our customers. These partners use our embedded banking to diversify and strengthen relationships with their customers, who in turn experience digital banking provided by people they trust. And we didn’t stop there.

We are continually innovating and investing in building our financial ecosystem. Through meticulously selected partnerships, we utilize our technology platform and charter to empower other banks, credit unions, and Fintechs to integrate fully compliant financial solutions into their customer experience without the hassle of building them.

Connected, together, we thrive.

What We Are Looking For

Thread Bank maintains a strong culture of compliance, and this is a unique opportunity to continue to develop our risk-focused Compliance Management Program, which will support both the growth and success of the company. Ideal candidates will be those who are proactive, resourceful, and thrive in a fast-paced, creative, hands-on environment, and who truly enjoy building things from the ground up!

We are looking for people who thrive in a growth environment while consistently and effectively deploying controls to maintain a fully compliant institution. Thread Bank provides a unique opportunity to be a part of a high-growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to rapidly advance their career as the company grows.

Duties and Responsibilities

• Monitor and analyze bank functions to identify compliance risks and ensure current processes adhere to regulatory requirements

• Assist with the management of the Bank’s Community Reinvestment Act (CRA) program, to include monitoring and recording loan data, activities, and services that may qualify for CRA credit

• Conduct regular monitoring and testing to ensure compliance with all federal and state lending and deposit laws and regulations, and recommend program or procedure enhancements as necessary to management

• Assist with Home Mortgage Disclosure Act (HMDA) reporting, when applicable

• Prepare regular reporting of compliance monitoring, testing and external audits results

• Assist with fair lending data analysis to identify risk considerations, trends and to ensure data integrity

• Assist in the administration of independent, state, and federal supervision activity

• Act as a liaison with Internal Auditors, Examiners, etc. for visit preparations and prepares documentation for examinations & audits

• Assist with the development and administration of compliance-related training

• Serve as compliance subject matter expert

• Assist with the review of compliance-related disclosures and marketing materials

• Assist with the development and implementation of compliance policies and procedures

• Research, analyze, and interpret complex regulations to respond to internal and external compliance-related inquiries

• Assist with consumer complaint investigations, response, and tracking

• Prepare compliance-related reports for the Compliance Officer and/or Chief Compliance Officer

• Assist with the development and implementation of compliance-related risk assessments

• Participate in specialized department projects

• Assist with the review of diligence materials on vendors and partners to meet regulatory requirements and risk tolerances

• Perform other job duties as assigned

Qualifications:

• Minimum of 3-5 years Banking experience with a focus in regulatory compliance, Community Reinvestment Act experience preferred

• Comprehensive knowledge of consumer and commercial regulations

• Bachelor’s Degree preferred

• Demonstrated ability to collaborate with and influence all team members at all levels which will impact change via leading/coaching in a matrixed environment

• Ability to work in a fast-paced and team-oriented environment and exhibit a sense of urgency, a commitment to customer service, quality, and timely completion of duties without oversight

• Detail-oriented with excellent communication/presentation skills (both written and verbal)

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.  Sponsorship not provided.

By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job-related information.