Compliance Officer; Monitoring & Testing

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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.

As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.

We're seeking an experienced and dynamic Compliance Officer (Monitoring and Testing) who will responsible for driving visibility, understanding and consistency for addressing risks and providing risk-based information to help facilitate decisions and to ensure Ford Credit Bank meets corporate and compliance objectives. The Compliance Officer (Monitoring and Testing) will lead the effective and efficient execution of the bank's comprehensive Compliance Monitoring and Testing program.

This key role will be responsible for the strategic design, development, meticulous implementation, and ongoing maintenance and enhancement of critical compliance monitoring and testing components, including policies, procedures, interpreting risk assessments, making risk-based planning and prioritization decisions, establishing robust and comprehensive monitoring and testing methodologies, collaborating with risk management colleagues in enterprise risk management, operational risk, internal controls and internal audit, and leading a team of analysts through example and mentorship to execute the monitoring and testing activities.

The Compliance Officer (Monitoring and Testing) will also oversee the generation of essential reporting on the results of the program, ensuring timely and accurate information is provided to senior leadership, management committees, and the Board of Directors. This role is critical to ensuring that the Bank’s business activities are conducted t in compliance with ethical business practices, company policies and legal requirements.

• 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…