Third Party Compliance Risk Management/Reg W Officer (Remote)

About The Organization

SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

The anticipated salary range for this role is between $163,000.00 and $250,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.

To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

Specialties

Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

Job Summary

This role provides primary oversight for Third Party Compliance Risk Management, the Affiliate Program, and Reg W. This role researches and maintains current laws and regulations related to Third-Party Risk Management Compliance, Reg W, and other topics as needed. The Compliance Officer provides subject matter expertise to the first line of defense (business unit) and manages the controls and record-keeping as evidence of the bank’s internal compliance policy and regulatory reporting requirements.

Principal Duties And Responsibilities

• Serves as the bank’s “Subject Matter Expert” (SME) on Third-Party Compliance Risk Management, Affiliate Oversight, and Regulation W.
• Provides related compliance advice/recommendations and guidance to lines of business, operational areas, and Compliance colleagues.
• Influences and collaborates with Compliance, Risk, and other partners throughout SMBC to ensure consumer compliance risk is appropriately considered for Third Party Risk Management and the Affiliates Oversight program.
• Maintain standards for third-party compliance risk management to ensure that compliance risks at third parties are appropriately identified, monitored, and controlled.
• Manage the standardized processes for inbound and outbound Regulatory Compliance due diligence requests.
• Perform compliance-focused risk assessments of key partners and third parties and work with other risk management partners in developing overall risk assessments for those third parties.
• Ensure gap remediation of any outstanding or overdue activities.
• Engage the third party and business to monitor and report complaints and issues and escalate as needed.
• Support the development, production and maintenance of third-party business monitoring metrics/scorecards and performance monitoring.
• Oversee and maintain the MANUBANK Affiliate Oversight and Reg W program.
• Review applicable transactions to ensure proper compliance with Reg W requirements and provide monthly/quarterly reporting to demonstrate oversight.
• Lead efforts to maintain updated Service Level Agreements and develop reporting for applicable Affiliate activity.
• Provide support and input for related audits or examinations from internal/external parties and collaborate with compliance program leads to ensure findings are appropriately remediate
• Develop and prepare Board and management reporting on applicable program components and metrics.
• Oversee monitoring of laws and regulations relevant to the business area and ensure all relevant parties incorporate changes in documentation, policies and procedures.
• Assist with other Compliance team priorities as needed.
  
  

Position Specifications

• Education: Bachelor’s Degree or equivalent experience in banking and compliance functions.
• CRCM certification preferred.
• Experience: 10+ years of experience in Banking Third Party Risk Management
• 5+ years of experience in Compliance Third Party Risk Management
• 5+ years of experience with Reg W, in either 1st line, 2nd line or 3rd line
  
  

Skills/Qualifications

• Experience in developing and implementing a TPCRM program, including ongoing oversight and scorecards
• Experience in developing and implementing an affiliate oversight program for a bank
• Experience presenting to management committees and regulators
• Excellent analytical and research skills.
• High level of professionalism.
• Ability to communicate with all levels of management.
• Excellent oral and written communication skills.
• Proven ability to apply related laws to business practices and identify and assess compliance risk.
• Excellent issue identification, risk assessment, analysis, and problem-solving skills.
• Team player and self-starter.
• Ability to work well with personnel and inspire confidence at all levels of the organization.
• Adaptable and flexible work style with a proven ability to handle competing demands and priorities.
• Able to successfully navigate changing environments and perform in a fast-paced setting.
• Proficient in Microsoft Word, PowerPoint and Excel is required.
  
  

EOE STATEMENT

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.