Sr. FLoD Compliance Risk Officer

Company: Santander Holdings USA Inc
Location: Richmond
Posted on: November 8, 2024

Job Description:

Sr. FLoD Compliance Risk OfficerOdessa, United States of AmericaThe -Sr. FLoD Compliance Risk Officer -represents the First Line of Defense (FLoD) in supporting to build and implement the elements of Regulatory Compliance requirements to monitor and identify Compliance risks and is responsible for partnering with the business line and/or functional area to execute Risk and Control Self-Assessment (RCSA) for an auto finance organization with primary focus on regulatory compliance risks and controls. The Sr. FLoD Compliance Risk Officer will perform key risk management role by assisting the Director of BCO Governance and Oversight in providing regulatory and compliance advisory support to FLoD. -The Sr. FLoD Compliance Risk Officer will partner with key stakeholders in: (1) understanding business activities and operations within each business processes, (2) identifying all applicable federal and state laws and explaining the regulatory requirements, (3) develop and maintain risk statements that reflect the regulatory compliance exposures, and (4) evaluating the existing controls to ensure sufficient mitigation of regulatory compliance risks identified. - -The Sr. FLoD Compliance Risk Officer will work with key stakeholders to effectively challenge business processes to comply with applicable consumer -laws and regulations and draft action plans for findings and observations.Essential Functions:

• Serve as designated FLoD Regulatory Compliance Risk SME
• Provide regulatory guidance and support on business practices, key decisions, processes, and procedures to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements.
• Work closely with the Lines of Business ("LoB") to understand compliance risk points and key challenges within the FLoD.
• Support RCSA execution and challenges appropriately on compliance related requirements.
• Perform risk-based reviews of business line control design and execution effectiveness and provide guidance on identified risks or gaps.
• Identify and recommend opportunities for process improvement and risk control development.
• Support and review FLoD Testing and Monitoring compliance outcomes of applicable laws, rules, regulations, and controls.
• Collaborate with FLoD and SLoD Compliance key stakeholders on implementation and risk mitigation efforts.
• Monitor the reporting, escalation, and timely remediation of issues, deficiencies, or regulatory matters on compliance risks.
• Report findings and make recommendations to management.
• Stay on top of regulatory issues, developments, changes, and industry emerging trends pertinent to SC.
• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.
• Perform other duties as assigned.Requirements:
  • Education and Experience
    • Bachelor's degree with business related or similar focus required.
    • Minimum five (5) years of finance industry and/or banking lending / leasing compliance experience, risk management and/or similar experience in financial service industry or regulatory agency -
    • Knowledge of auto regulatory requirements such as Fair Lending, ECOA (Reg. B), FCRA, UDAAP, TCPA, SCRA, FDCPA, GLBA, Credit CARD Act, Reg. M, FACTA, TILA BSA / AML, and FTC Credit rules
    • Knowledge of state requirements associated with finance industry and/or banking lending / leasing and industry best practices (i.e., UCC, Right to Cure, Right to Redeem, Retail Instalment Sales Act, Motor Vehicle Instalment Sales Act, etc.), preferred.
    • Prior experience in corporate environment dealing with regulators, auditors and legal counsel is preferred.
    • Professional certification (CRCM, CIA, and / or CCSA), or Juris Doctorate (JD) preferred.---
      • Skills & Abilities
        • Advanced knowledge of regulatory compliance, relevant industry regulations and regulatory data sources
        • Demonstrated experience facilitating change to achieve measurable results.
        • Demonstrated subject matter expertise compliance opportunities and resolution.
        • Detail orientated with the ability to also understand overall strategy.
        • Excellent interpersonal, supervisory, and customer service skills required.
        • Excellent written and verbal communication skills
        • Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
        • Proficient with Microsoft Office (Word, Excel, PowerPoint, SharePoint, Outlook) Ability to build and foster internal relationships.
        • Ability to analyze risk and design efficient control practices to minimize risk.
        • Ability to lead, influence and direct peers, subordinates, and management.
        • Ability to make effective decision making on complex matters.
        • Ability to convey a sense of urgency and drive.
        • Ability to multi-task and meet strict deadlines.
        • Ability to adjust to new developments/changing circumstances.
        • Ability to interact with senior level management, experience interfacing with multiple levels of the organizational structure.
        • Ability to build and foster internal and external relationships.
        • Superior analytical, problem solving and critical thinking skills.
        • Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.Employer Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
          
          Primary Location: -Odessa, FL, Odessa
          Other Locations: -Florida-Odessa,Virginia-Richmond
          Organization: -Santander Consumer USA Inc.

Keywords: Santander Holdings USA Inc, Norfolk , Sr. FLoD Compliance Risk Officer, Accounting, Auditing , Richmond, Virginia