Compliance Analyst - Due Diligence

Location

Salt Lake City, UT

About WebBank

WebBank (the "Bank") is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As "The Bank Behind the Brand", WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners and Security Premium Finance, a wholly owned subsidiary of National Partners.

Job Summary

This position will report to the VP of Compliance over New Products and New Programs and will be primarily responsible for review and tracking of new Strategic Partner policies, procedures, marketing, and other related documents for compliance with federal and state lending regulations as well as WebBank requirements. This position will work closely with our Business Development team and other stakeholders, when implementing new credit products, to ensure that new Strategic Partner Programs are compliant.In this position, you will leverage your compliance experience to develop positive working relationships with Strategic Partners and internal stakeholders to execute the WebBank's strategic business initiatives. This position allows for strong growth potential. A highly motivated individual will thrive in this environment.

You will:

• Be the first level of compliance review and tracking of proposed WebBank and Strategic Partner Program business practices, policies, procedures, credit pricing, origination software systems, marketing materials, customer correspondence, documents, and disclosures to ensure they comply with federal and state regulations.
• Effectively coordinate with the Compliance Manager and VP of Compliance to ensure documents are reviewed timely and effectively.
• Identify and notify the Compliance Manager and VP of Compliance of potential compliance risks discovered within documents and processes being reviewed.
• Serve as a reliable backup to the Compliance Manager to handle normal day to day duties.
• Collaborate with co-workers of other WebBank departments such as Due Diligence and Implementation, Operations, Credit, and Financial Crime Compliance to ensure compliance risks are identified and appropriately addressed.
• Assist with regular Compliance reporting to management

You Have

• Bachelor's degree and minimum of 1 year of consumer credit regulatory compliance experience or 3 years of consumer credit regulatory compliance experience without a degree.
• Experience in a FinTech, credit, or bank environment is strongly preferred.
• Basic understanding of federal and state lending laws including ECOA, FCRA, UDAP/UDAAP, FDCPA, Privacy and CCPA, TILA, CARD Act, etc. required.
• Advanced Excel skills and other related to Microsoft Office products.
• Experience using Jira to manage projects and generate progress reports.
• Ability to read, analyze and discuss legal and statutory materials and apply to current products and services and spot compliance gaps.
• Driven individual with a strong commitment to career progression and personal development within the role.
• Good judgment and sound decision-making skills.
• Ability to interface effectively and build relationships, both internally and with Strategic Partners. with other departments internally.
• Ability to handle a fast-paced environment, take ownership of projects and successfully meet established project deadline requirements.
• Ability to proactively identify and remediate process gaps.
• Strong written and oral communication skills, presentation skills.

Company Perks:

You Get:

• Flexible work options - Flexible work-from-home opportunities and other hybrid workplace options are available
• Paid Time Off (PTO) - Generous paid time off plus paid parental leave
• Health insurance - Plans include an employer paid medical option, dental and vision coverage, plus we offer health savings accounts
• 401(k) - WebBank matches up to the first 6 percent of employee contributions and both the employee's contributions and WebBank's match are fully vested immediately
• Life and Disability Insurance - Life insurance and long and short-term disability insurance plans are 100% employer paid
• Tuition Reimbursement - WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year