Payments Division Compliance Analyst

Summary:

Responsible for partnering 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 is required, and an advanced degree is a plus.

Licenses/Certifications: Certified Regulatory Compliance Manager (CRCM) is a plus, but not required.

Experience:

Two to four years of relevant compliance experience working in the financial services industry, preferably in a regulated bank environment. Or equivalent combination of education and experience.

Essential Functions:

A: Job Specific:

• Identifies and regularly advises on effective compliance solutions involving highly-complex laws, regulations, and business concepts.
• Engages in effective written and verbal communications, including with key business partners, external partners, and regulators, with a particular emphasis on the ability to explain complex concepts in clear and understandable terms, and the ability to draft understandable, actionable, and sustainable policies and procedures.
• Exhibits foundational knowledge of relevant laws and regulations, including, as applicable, the Electronic Funds Transfers Act and Regulation E; the Gramm-Leach-Bliley Act, Regulation P, and applicable state privacy laws; the Truth in Savings Act, Regulation DD; state and federal prohibitions against unfair, deceptive or abusive acts or practices (UDAP/UDAAP) in the offering, delivery, or servicing of consumer financial products and services, including regulations and guidance issued and enforced by the CFPB.
• Performs ongoing compliance monitoring and testing of internal and third-party activities.
• Participates in regulatory change management and risk assessment practices.
• Partners closely with Legal staff and Compliance peers.
• May be called upon to handle compliance duties outside of core responsibilities, as needed.

Knowledge/Skills/Abilities:

• The ability to communicate effectively and clearly, both in verbal and written communications, as well as, present information to groups of managers, employees, customers, etc.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks and meet deadlines.
• Ability to define problems, collect data, establish facts and draw valid conclusions.
• Ability to multitask, effectively identify potential risks to escalate when necessary.
• Excellent attention to detail.
• Knowledge of relevant laws, regulations, and supervisory expectations.
• Able to understand and translate banking regulatory laws, regulations, guidance and expectations into understandable and effective advice.
• Knowledge of and ability to work effectively in a banking environment.

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, disability or protected veteran status.