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Reference # : 17-05079 Title : Compliance Officer
Location : Chicago, IL
Position Type : Direct Placement
Experience Level : 10 Years Start Date : 11/20/2017  
Description
Qualifications
Required:
  • Compliance officer experience and/or sufficiently extensive (+10 years) consumer compliance work experience.
  • Strong managerial experience.
  • Strong leadership, interpersonal, communication, analytical, and organizational skills.
Preferred:
  • Extensive credit card compliance experience
*indeed
*LI-PRIORITY
*GLASSDOOR
*Careerbuilder
Responsibilities
  • Develop, implement and administer the Bank's Credit Card Consumer Compliance Program
  • Oversee the Compliance Program, Compliance Audit Program and Internal Audit Plan
  • Report accordingly to the Board of Directors and Audit Committee
  • Coordinate the Compliance Committee
  • Perform appropriate consumer compliance risk assessments
  • Interpret and maintain full knowledge of new and existing consumer compliance laws and regulations, particularly credit card compliance regulation
  • Monitor for regulatory revisions and ensure summaries of all revisions are forwarded to appropriate committee and management
  • Ensure compliance with bank policies and procedures
  • Perform research as appropriate to provide sound, well-reasoned compliance advice and support
  • Provide the compliance perspective for management and business decisions, including incident management
  • Manage the Compliance Department by coordinating compliance support for bank projects and initiatives to ensure bank products are in compliance with applicable laws and regulations; reviewing internal audit and regulatory testing to identify operational deficiencies and implementing corrective action to ensure audit findings are addressed and corrected in a timely manner; and ensuring compliance personnel maintain knowledge of applicable banking laws and regulations through training opportunities and career development
  • Coordinate and participate in regulatory examinations and other audits
  • Participate in developing remediation plans to address deficiencies identified and ensure plans are well-documented and timely corrective action is taken
  • Coordinate appropriate training and oversight programs for bank personnel with respect to compliance laws and regulations.
More information about the job
Is Relocation Available? Yes, nationwide
Is there a bonus structure? 15%
Are you open to sponsorship? No
This position is: Backfill
Is there a possibility to work remote? No
Is there equity? No
Are there flexible work hours? No
Does this position have direct reports? Yes
Who does this position report to? Bridgestone Americas Legal Department - Sr. Counsel, CFNA, Marketing, and OE

What are the 3-4 non-negotiable requirements on this position?
MUST have consumer credit card card compliance experience MUST have leadership experience MUST have experience communicating and collaborating with executive level leadership Strongly prefer JD degree and legal background If no JD, strongly prefer MBA Additional overview of responsibilities (please feel free to share with candidates): The Compliance Officer will be responsible for the development, implementation and administration of the Bank's Credit Card Consumer Compliance Program. This position reports to the bank's legal counsel, and oversees the Compliance Program, Compliance Audit Program and Internal Audit Plan; reports accordingly to the Board of Directors and Audit Committee, and coordinates the Compliance Committee; performs appropriate consumer compliance risk assessments; interprets and maintains full knowledge of new and existing consumer compliance laws and regulations, particularly credit card compliance regulation; monitors regulatory revisions and ensures summaries of all revisions are forwarded to appropriate committee and management; ensures compliance with bank policies and procedures; performs research as appropriate to provide sound, well-reasoned compliance advice and support; provides the compliance perspective for management and business decisions, including incident management. This position also manages the Compliance Department by coordinating compliance support for bank projects and initiatives to ensure bank products are in compliance with applicable laws and regulations; reviewing internal audit and regulatory testing to identify operational deficiencies and implementing corrective action to ensure audit findings are addressed and corrected in a timely manner; and ensuring compliance personnel maintain knowledge of applicable banking laws and regulations through training opportunities and career development. This position also coordinates and participates in regulatory examinations and other audits; participates in developing remediation plans to address deficiencies identified and ensure plans are well-documented and timely corrective action is taken; and coordinates appropriate training and oversight programs for bank personnel with respect to compliance laws and regulations.
What are the nice-to-have skills?
Strong interpersonal skills
What is exciting about this opportunity? Please use this section to describe team and company culture.
Credit First National Association is a private label credit card bank. We are seeking an experienced Compliance Officer with consumer compliance experience, preferably extensive experience with state and federal laws and banking regulations (e.g. CCARDA, BSA, TILA, FCRA, ECOA, etc.) related to the credit card industry. CFNA is a subsidiary of Bridgestone Americas based in Brook Park outside of the Cleveland, Ohio area. Full relocation assistance available. Target bonus percentage of 15% based on company performance with maximum potential up to 30%. Merit increases evaluated on yearly basis. 3 week paid vacation plus 11 paid holidays. Full benefits available beginning day 1.