VP Consumer & Commercial Lending Compliance

Company: The Bancorp Bank, N.A.
Location: Wilmington
Posted on: May 26, 2023

Job Description:

VP Consumer & Commercial Lending Compliance



Job Location

US-DE-Wilmington






Type

Full Time






































Overview









Location: ***This is a remote position and can be located anywhere in the U.S.A. If located in the areas of Sioux Falls, SD or Wilmington, DE you will be required to be in-office, (3) days per week.*** Lead SME providing Compliance Advisory support and oversight to one or more lines of business and internal stakeholders to ensure the Bank's lending products (Consumer and Commercial) maintain compliance with applicable laws, rules and regulations including but not limited to fair lending laws (e.g., ECOA). In addition to advisory support, the responsibilities include providing regulatory exam and audit responses, as well as SME support for the execution and continuous improvement of the Compliance Management System.













Responsibilities









Essential Functions Serve as subject matter expert for commercial and consumer lending. Support all lending areas, products, and services.

• Serve as a subject matter expert for new product development in the consumer and commercial lending business areas.
• Maintain subject matter expertise and ongoing awareness of the requirements of applicable law, OCC supervisory guidance, and industry best practices in the areas of consumer and commercial lending regulations (Including but not limited to ECOA; Reg B and Fair Housing Act; HMDA and Reg C; Reserve requirements and Reg D; EFTA and Reg E; EFAA and Reg CC; GLBA and Reg P; TILA and Reg Z; TISA and Reg DD; FACTA and Red Flag Rules; UIGEA and Reg GG; Section 5 of the FTC Act and Unfair Trade Practices regulations (UDAAP); RESPA and HUD Reg X; Flood requirements, E-SIGN Act, and other related laws and regulations impacting the compliance function).
• Inform management and support teams of all key developments relative to lending-related consumer protection regulations and determine the impact of those developments to the Bank and its operations
• Provide SME support to Monitoring and Testing teams (both Level 1 and Level 2) and Risk Assessment teams for all consumer and commercial lending initiatives.
• Develops collaborative working relationships with the various business clients and internal partners, Legal, Third Party Oversight, Financial Crimes Risk Management and line of business representatives.
• On an as-needed basis, perform research on regulatory issues that is thorough, accurate and timely. Communicate the results to management as applicable
• Maintains operational standards in accordance with best-in-class and internal compliance rules, regulations, policies and procedures, e.g., ensure documented procedures and program details address each functional role within the division.
• Maintains centralized and consistent documentation and reporting for various stakeholders including the Board of Directors, various Risk Committees, and the executive management team.
• Performs other duties as assigned.
  
  
  
  
  
  
  
  
  
  
  
  
  
  Qualifications
  
  
  
  
  
  
  
  
  
  Education/Experience Requirements

• Undergraduate degree in business or a related field or an equivalent combination of training and experience.
• 10 - 15 years regulatory compliance in banking or financial services industry experience with federal and state regulatory agency relationships, including seven years of management/leadership experience with demonstrated ability to develop talent and manage team members in numerous locations.Preferred Requirements
  • Preference given to candidates with JD. CRCM preferred.
  • Experience in and knowledge of Consumer and Commercial lending regulations is a must.
  • Ability to understand key business and strategic objectives of the company and integrate business, legal and regulatory concepts to provide sound compliance advice.
  • Excellent verbal, written, and interpersonal communication skills with the ability to effectively communicate and professionally interface with senior executives, business unit management and staff, state and federal regulators and officials, outside counsel and significant business partners.
  • A team player able to work effectively in a team fostered, multi-tasking environment, requiring matrixed leadership skills.Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
    
    
    
    
    
    
    
    
    
    
    
    
    
    Background & EEO Statement
    
    
    
    
    
    
    
    
    
    Salary Range: $102,300 - $176,100 This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process. Working at The Bancorp Bank, N.A. and Benefits Information: click here
    
    
    
    
    
    
    
    
    
    
    
    
    
    Diversity & Background Screening
    
    
    
    
    
    
    
    
    
    Diversity & Background Screening Diversity & Inclusion at The Bancorp Bank: click here The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment. Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    

Keywords: The Bancorp Bank, N.A., Wilmington , VP Consumer & Commercial Lending Compliance, Executive , Wilmington, Delaware