WEX Bank Chief Compliance Officer

Senior Director, WEX Bank Chief Compliance Officer About WEX Bank

WEX Bank is a leading provider of financial solutions and payment services. We are committed to providing our customers with exceptional service while maintaining the highest standards of compliance and ethical conduct.

We are seeking a highly experienced and skilled Senior Director, WEX Bank Chief Compliance Officer, to lead and oversee a team of compliance professionals across various areas, including general compliance, compliance testing, third‑party risk management, anti‑money laundering (AML), know‑your‑customer (KYC), and the Community Reinvestment Act (CRA). The individual will ensure the Bank is in compliance with all applicable consumer & commercial banking laws and regulations, including tracking potential and new changes to bank laws and regulations, maintaining records, providing recommendations and training, etc.

This individual will report directly to the Bank president; will also work closely with and support the Fin Crime, and the Risk Organizations of WEX Inc.

• Leadership:
  Lead the WEX Bank compliance organization, ensuring staffing, resource allocation, and compliance strategy development.
• Program Management:
  Manage the compliance program, including risk assessments, policies, training, monitoring, issues management, reporting, and ensuring regulatory compliance. Coordinate with internal and external auditors, review and disseminate audit reports, and manage projects assigned by the Audit Committee.
• Control Development:
  Manage WEX Bank's regulatory compliance controls and assist business functions in designing and implementing their own.
• Strategic Guidance:
  Provide independent compliance advice and thought leadership across WEX Inc. Mitigate regulatory risk and safeguard business growth by providing specialized compliance guidance and expertise for all of WEX's growth initiatives, including the Corporate Payments embedded product initiatives.
• Data & Analytics:
  Partner with relevant teams to ensure adequate compliance data, analytics, and monitoring capabilities.
• Industry Awareness:
  Maintain an understanding of relevant industry standards, best practices, and technologies.
• Compliance Culture:
  Promote a desired compliance‑aware culture within the Bank.
• Complaint Management:
  Research, respond, and track regulatory and escalated complaints, implementing necessary remediation.
• Risk Management Framework:
  Maintain a compliance risk management framework with risk assessment, training, testing, and reporting.
• Policy Development & Maintenance:
  Maintain and assist in developing bank policies, presenting them to the Board if needed.
• Consumer Programs:
  Oversee compliance with consumer deposit programs, including third‑party oversight, site visits, audits, and coordination during examinations.

Ensure Bank Secrecy Act (BSA) and global anti‑money laundering (AML) compliance through daily monitoring, Suspicious Activity Report (SAR) filing, customer identification/due diligence, and adherence to global sanctions programs.

Lead and manage the Bank's comprehensive compliance program, encompassing risk assessments, policies, training, monitoring, issue resolution, and reporting. Work with Enterprise Risk to oversee second‑line testing, collaborate with lines of business, manage a compliance advisor team, and chair/co‑chair committees while providing insightful reports to leadership.

Navigate regulatory complexities by maintaining deep legal and regulatory knowledge, representing the Bank during interactions with authorities, and providing insightful compliance reports to management and the Board.

Manage the Bank's third‑party risk program, designing and overseeing due diligence for complex partnerships, acting as a central contact for all third‑party requests, and fostering strong vendor relationships while ensuring adherence to regulations.

Spearhead the Bank's CRA initiatives, ensuring regulatory compliance, managing the public file, fostering employee…