Compliance Officer; Monitoring & Testing - Ford Credit Bank

Compliance Officer (Monitoring & Testing) - Ford Credit Bank

Salt Lake City, UT, United States (Hybrid)

We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?

Ford Motor Credit Company ("Ford Credit") has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit.

The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).

The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.

Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely.

Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an“always on”relationship with customers and continuously improving our user experience.
The Team Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies.

What you'll do...

• Work and coordinate with Chief Compliance Officer
• Ensure that the Bank conducts business in compliance with ethical business practices, company policies and legal requirements
• Monitoring and Testing Program Development & Execution:
  Lead the development, implementation, and continuous enhancement of the Bank’s Compliance Monitoring and Testing Program, including the methodology for performing monitoring and testing activities, and ensuring its effectiveness and efficiency in identifying instances of non-compliance, including establishing root cause analysis and recommendations for mitigating compliance risk.
• Policy & Procedure Management:
  Oversee the creation, review, and updating of business and compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively designed to incorporate controls and risk mitigation across the organization.
• Risk Assessment:
  Use the results of periodic and ad-hoc compliance risk assessments to create and maintain a risk-based strategy for monitoring and testing across the products, services and processes of the Bank.
• Reporting & Governance:
  Prepare and present detailed monitoring and testing reports, analyses, and recommendations resulting from the activities of the Monitoring and Testing program. In collaboration with business, compliance and legal colleagues, provide analysis and summary reports to senior leadership, various management committees, and the Board of Directors.
• Regulatory Liaison:
  Assist in managing relationships with regulatory bodies, including responding to inquiries, examinations, and audits.
• Technological Integration:
  Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage issues…