Compliance Officer; Banking

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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").

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.

We’re seeking an experienced and dynamic Compliance Officer (Banking) who will be 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 (Banking) will lead the effective and efficient execution of the bank’s comprehensive Compliance Management System (CMS). This key role will be responsible for the strategic development, meticulous implementation, and ongoing maintenance of critical compliance components, including policies, procedures, risk assessments, and a robust compliance training program.

The Compliance Officer (Banking) will also oversee the generation of essential compliance reporting, ensuring timely and accurate information is provided to senior leadership, management committees, and the Board of Directors.

• CMS Development & Execution:
  Lead the development, implementation, and continuous enhancement of the Bank’s Compliance Management System, ensuring its effectiveness and efficiency in mitigating compliance risk.
• Policy & Procedure Management:
  Oversee the creation, review, and updating of all compliance‑related policies and procedures, ensuring they are current, comprehensive, and effectively communicated across the organization.
• Risk Assessment:
  Drive the execution of periodic and ad‑hoc compliance risk assessments, identifying potential vulnerabilities and recommending appropriate controls and mitigation strategies.
• Compliance Training:
  Design, implement, and manage a bank‑wide compliance training program that ensures all employees are adequately informed about their compliance obligations and the bank’s ethical standards.
• Reporting & Governance:
  Prepare and present detailed compliance reports, analyses, and recommendations to senior leadership, various management committees, and the Board of Directors, providing clear insights into the bank’s compliance status and emerging risks.
• 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 compliance information, track issues, and monitor controls.
• Innovative Solutions:
  Proactively identify opportunities to enhance compliance processes and controls, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) to improve efficiency, accuracy, and risk detection.
• Team Leadership:
  Provide strong leadership, guidance, and mentorship to compliance team members, fostering a collaborative and high‑performing environment.
• Issue Resolution:
  Identify compliance issues, analyze root causes, and develop practical, effective solutions for resolution.