VP Payments Compliance Advisor; Hybrid

Position: VP Payments Compliance Advisor (Hybrid)
Position Summary

Work Arrangement:

* This position is available as a hybrid position in our Wilmington, DE office.
* At The Bancorp, we've spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

The VP Payments Compliance Advisor role is responsible for liaising with regulatory agencies and presenting the Bank's achievements during regular reviews, periodic visits, or audit meetings. We are looking for a dynamic team member with proven experience in AML and Sanctions Compliance in the payments space. This position collaborates with a large globally dispersed support team and key stakeholders outside the organization.

The VP Payments Compliance Advisor will interact with a broad spectrum of business partners ranging from Challenger banks, Fintech firms, Card Networks, and payment industry leaders to advise on the development, execution, and operation of innovative products and services. This role serves as the FCRM advisory lead for assigned program manager portfolios and lines of business, owning the BSA/AML and Sanctions risk assessments for those programs and translating regulatory expectations into clear, well-documented guidance.

Success depends on enterprise risk-assessment judgment, disciplined documentation and planning, and the ability to communicate effectively across business, technology, legal, audit, and regulatory partners.

Key Responsibilities

* Develops close working relationships with business leaders and other stakeholders to advance a culture of compliance within the organization.

* Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

* Assists with drafting, updating, maintaining AML and Sanctions policies, programs, and procedures.

* Assists in the coordination of regulatory exams and independent audits.

* Implements and maintains processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State, and network rules and regulations and Bank policies/procedures.

* Ensures that all BSA/AML and other compliance monitoring aspects of card programs are appropriately complete.

* Advises lines of business during the development of new products and services and evaluates BSA/AML & Sanctions risk level.

* Tracks BSA/AML and Sanctions industry developments and maintains up-to-date knowledge of regulatory changes, existing laws, and regulations impacting the organization.

* Collaborates and assists with the BSA/AML and Sanctions Risk Assessments in communication with the Director, FCRM Advisory, applying a consistent enterprise risk-assessment methodology.

* Serves as the FCRM advisory liaison for assigned program manager portfolios and lines of business, owning day-to-day BSA/AML and Sanctions guidance and the related risk and issue management for those programs as directed.

* Produces and maintains clear, audit-ready documentation, including procedures, risk assessments, control narratives, and decision records, to support program transparency and examination readiness.

* Plans and manages advisory initiatives through the team's project-management and concept-to-implementation workflow, sequencing work and tracking deliverables to completion.

* Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

* Assists BSA Officer and Deputy BSA Officer in ensuring that business practices are aligned with Banks' risk tolerance and appetite for BSA/AML and Sanctions risks.

* Reviews, analyzes, and…