Payments Risk Management Regulatory Manager

Summary :

Responsible for oversight within the First Line of Defense for Payments programs. Leading a team of analysts to minimize risk through continuous monitoring, testing and analysis, to ensure that payments activities are compliant with both the letter and spirit of applicable laws and regulations.

Qualifications :

Education : Bachelor's degree in Business Administration or related field.

Licenses / Certifications : CRCM or other relevant professional certifications are a plus.

Experience : Seven to ten years of regulatory compliance or risk management experience supporting consumer financial products or services at a large or complex banking institution, coupled with at least five years of managerial experience gained working in such capacity. Or equivalent combination of experience and education.

Essential Functions :

A : Job Specific :

• Acts as the primary point of contact for regulatory testing, monitoring and analysis and reporting.
• Manages team of Analysts within the First Line of Defense (1LOD) providing oversight of the Payments programs through continuous monitoring, testing and analysis.
• Aids in the completion of risk assessments and gap analysis as required.
• Maintains a working knowledge of federal regulations applicable to Payments, and awareness of significant risk and control issues within Payments Division.
• Aids in the development of regulatory obligation mapping, test scripts, monitoring and reporting as well as the development of standards and procedures, and action plans for program partners under First Line oversight.
• Identifies and analyzes trends / themes within large data sets.
• Works with stakeholders to problem solve, define, develop and implement solutions in cross collaborative setting.
• Manages multiple project initiatives to completion under deadlines.
• Helps establish governance and reporting to inform on the health of the regulatory environment of the Payments programs.
• Partners effectively with peers and colleagues within 1LOD and across various functions of the Bank to drive consistent and effective practices.
• Works with the HR Manager to manage the execution of the training program to the first-line bank staff and third-party agents, including the oversight and development of monitoring standards and appropriate risk-based coverage of all significant first-line banking activities.
• Works with HR to initiate corrective action and / or development plans, evaluate performance and develop staff members.

Knowledge / Skills / Abilities :

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, pregnancy or protected veteran status.

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