Senior Compliance Analyst

Description

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and Fin Techs to integrate compliant financial solutions.

Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

The Senior Compliance Analyst supports Thread Bank’s Compliance Management program across the bank and its sponsored fintech partners. This role monitors products, services, and operations for compliance risk, interprets regulatory change, and helps build the monitoring, testing, and reporting that keep the bank and its partners within regulatory boundaries. The Senior Compliance Analyst works closely with product, technology, operations, Internal Audit, and regulators, and must bring sound judgment, strong analytical skills, and the ability to communicate complex regulatory requirements clearly.

This role suits a compliance professional who thrives in a fast-paced, growing environment and wants to advance their career as the company grows.

• Monitor and analyze the products, services, and operations of the bank and its sponsored fintech partners to identify compliance risks and ensure compliance with applicable federal and state privacy and consumer protection laws and regulations.
• Monitor and interpret regulatory changes affecting the bank and its fintech portfolios, and advise stakeholders on risks and necessary changes.
• Liaise with the Compliance Management team on compliance matters specific to fintech solutions.
• Assist with compliance risk assessments for the bank and fintech platforms, identifying gaps in policies, processes, and controls.
• Assist with developing and implementing compliance monitoring for bank and fintech processes, such as key risk indicators, performance indicators, and exception reports.
• Assist with developing fintech compliance dashboards that keep stakeholders informed of fintech compliance activities.
• Assist in reviewing policies and procedures tailored to fintech operations.
• Assist in administering independent, state, and federal supervisory activity.
• Serve as a liaison with Internal Audit and regulatory examiners, coordinate visit preparation, and prepare documentation for examinations and audits.
• Assist with reviewing compliance-related disclosures, customer communications, and marketing materials.
• Research, analyze, and interpret complex regulations to respond to internal and external compliance inquiries.
• Assist with consumer complaint investigations, responses, and tracking.
• Assist with remediation of audit and regulatory findings.
• Work cross-functionally with the product team, technology providers, and operations to integrate compliance considerations into the product development lifecycle.
• Help educate internal and external stakeholders on regulatory requirements, compliance processes, and best practices.
• Contribute to a culture of compliance by supporting training programs and knowledge-sharing initiatives.
• Stay informed about fintech and compliance technology developments, and advise on opportunities to adopt innovative compliance solutions.
• Serve as a subject matter expert on bank and fintech trends and emerging risks.
• Assist with reviewing due diligence materials on vendors and partners to confirm they meet regulatory requirements and risk tolerances.
• Participate in specialized department projects.
• Perform additional responsibilities as assigned by management or business needs.

• Bachelors Degree required
• Eight or more years of compliance experience, preferably within financial services, fintech, or a regulatory environment.
• Experience supporting regulatory compliance for fintech solutions, such as digital payments, lending, or embedded finance products.
• Comprehensive understanding of U.S. laws and regulations applicable to financial institutions and fintechs, including federal and state privacy and consumer protection requirements.
• Demonstrated experience managing compliance in highly regulated sectors with dynamic operating models.
• Strong attention to detail, with strong analytical and problem-solving skills.
• Excellent verbal and written communication…