Sr. Compliance Advisory Officer

Description

 ABOUT US

Coastal Community Bank is a leader in Banking with strong Financial infrastructure leading Banking as a Service (BaaS) and Fintech strategies. The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential. We think and work like entrepreneurs, always moving and constantly improving. We are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

WHAT YOU'LL DO

The Senior Compliance Officer reports directly to the Director, Compliance and plays an important role supporting assigned Bank Business Lines and/or BaaS FinTech Partners. The Senior Compliance Officer is responsible for helping to oversee and enhance the compliance management system (CMS) of the Bank, ensuring that it aligns with the Bank's growth strategy and risk appetite. The Senior Compliance Officer will help oversee the Bank and/or CCB FinTech Division (CCBX) Compliance Program and works directly with Bank Business Line and/or BaaS FinTech Partner senior staff and/or leadership to provide strategic regulatory compliance advice and problem solving expertise As the Senior Compliance Officer you will support the development and enhancement of compliance processes, technology, and reporting to ensure that the Advisory Compliance group operates both efficiently and effectively mitigating compliance risk.

Requirements

HOW YOU'LL DO IT

Governance:

· Work with the Director, Compliance to develop, administer and monitor the implementation of a CMS that provides assurance over the Bank’s compliance with all applicable laws and regulations applicable to its operations and product offerings particularly those of Bank Business Lines and/or BaaS FinTech Partners.

· Monitor external resources for emerging regulatory compliance trends or changes to the compliance environment; assess applicability to Bank Business Lines and/or BaaS FinTech Partners, and effectively lead the implementation of the change.

· Assess the compliance risk needs of Bank Business Lines and/or BaaS FinTech Partners in response to growth and evolving business activities and help support the Advisory Compliance Program accordingly.

· Maintain proficient knowledge of and ensure Bank Business Lines and/or BaaS FinTech Partners activities are performed in compliance with state and federal banking laws and regulations applicable to assigned areas of oversight.

· Serve as subject matter expert to provide compliance advice and guidance to Bank Business Lines and/or BaaS FinTech Partners while addressing any compliance questions.

Collaboration:

• Effectively communicate with BaaS FinTech Partners, peers, Compliance Leadership, and/or process owners so that all stakeholders are informed about compliance requirements and have the awareness to work together to mitigate compliance risk exposure.

• As requested, liaise with external parties such as Federal or State bank examiners, external auditors, and outside consulting firms regarding the Bank’s compliance function.

Assessment:

• Help to oversee complaint analysis of assigned Bank Business Lines and/or BaaS FinTech Partners by researching, gathering documentation, drafting complaint responses, tracking, and reporting on complaints.

• Oversee issue management for assigned Bank Business Lines and/or BaaS FinTech Partners, including the identification and dissection of issues to identify the root cause, risks, recommendations, and remediation efforts.

• Lead Compliance risk assessments of assigned for assigned Bank Business Lines’ and/or BaaS FinTech Partners' new or modifications to product and service offerings to identify any compliance related issues and/or new regulatory requirements.

• Support the development and recommend approval of compliance policies, ensuring that standards, procedures, and guidelines comply with applicable laws and regulations, the Bank’s risk appetite, tolerances, and policies.

• Research laws and regulations as needed or when unique circumstances arise.

• Independently investigate and act on matters related to compliance and risk.

Reporting and Analytics:

• Lead the collection of information for regulatory examinations and compliance-related audits related to Bank Business Line and/or BaaS FinTech Partner compliance

• Support post-examination follow up and oversee corrective actions.

• Work with the Director, Compliance in the preparation and presentation of clea