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Vice President Compliance
Wintrust
Rosemont, IL, United States
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Description
Position Overview:
The VP Compliance- UDAAP is responsible for the oversight and management of the UDAAP Program. The UDAAP Program is designed to: (1) help educate employees, customers, management, and regulators about the Company’s UDAAP compliance practices, and (2) identify and help correct practices that expose our customers and our Company to UDAAP risk. Members of this team work closely with other compliance professionals, attorneys in the Law Department, and senior managers and officers in the various businesses and business risk organizations.
Key Accountabilities:
• Regularly assesses UDAAP risk, including completing reviews of products, disclosures,
marketing, social media and websites and enhance program as necessary.
• Identifies, tracks, and monitors corrective actions and process enhancements related to UDAAP risk.
• Develops and delivers UDAAP training.
• Reviews and investigates complaints.
• Drafts and coordinates regulatory exam responses.
• Evaluates potential new initiatives.
• Partners with the business to achieve business goals by minimizing UDAAP compliance risk.
• Helps to ensure that practices, policies, procedures, training, and systems work together as a cohesive system to effectively control for UDAAP risk.
• Enhances the UDAAP monitoring program, including development of meaningful key risk indicators.
• Develops and implements UDAAP Program enhancements.
• Planning and executing UDAAP Program initiatives with guidance from the SVP of Compliance.
• Developing, reviewing, and revising key UDAAP policies, procedures, and training materials.
• Helping to lead the annual enterprise-wide UDAAP risk assessment (determining inherent risks across the lifecycle of each product, evaluating the controls environment to arrive at residual risks, and tracking and reporting on the completion status of prioritized recommended enhancements).
• Developing and delivering presentations on UDAAP issues to the Fair and Responsible Banking Committee.
• Coordinating key metrics, risk appetites, and escalation thresholds across the business to implement regular monitoring, and reporting on those results.
• Evaluating UDAAP risks associated with new initiatives and escalated complaints.
• Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.
Qualifications
• Bachelor’s degree.
• Ability to make independent decisions and provide recommendations to senior managers.
• Ability to drive exceptional results through a combination of his or her own efforts and the guided efforts of direct reports.
• Excellent organizational and project management skills and the ability to work independently, prioritize projects, and multi-task.
• Ability to communicate effectively (both orally and in writing) with senior management, senior attorneys, vendors and other third-parties, and regulators.
• Ten (10) or more years of compliance, audit, law, or risk management experience (a Certified Regulatory Compliance Manager (CRCM) or similar certification is preferred, but not required).
• Familiarity with financial regulations (such as the ECOA/Reg B, SCRA, FCRA, FDCPA, TILA/Reg Z, and UDAAP).
• Familiarity with corporate compliance programs, including risk assessments, testing and monitoring, training, policy/procedure development, and implementation of new products and business processes.
• Proficiency with MS Word, PowerPoint, Excel, Access, Project, Visio, Outlook and Lotus Notes
Wintrust Financial Corporation (Wintrust) is a financial services company based in Rosemont, Illinois, with approximately $27 billion in assets. We engage in the business of providing traditional community banking services, commercial banking, wealth management services, commercial insurance premium financing, life insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. We provide community-oriented, personal and commercial banking services to customers located in the greater Chicago, Illinois and southern Wisconsin areas through our 15 wholly-owned banking subsidiaries.
We provide an engaging, dynamic work environment, an excellent compensation package including 401k, employee stock purchase plan, medical/dental, life insurance and more!
Wintrust Financial Corporation (including community banking and financial services subsidiaries) is an Equal Opportunity/Affirmative Action/Veterans/Disability employer.