Compliance and Risk Manager, Hatch Bank

Location

San Marcos, CA | United States

Job description

Remote/Hybrid Position in San Marcos, CA

Hatch Bank is a technology-first sponsor bank, primarily focused on serving Fintechs and other innovative Brands to bring creative solutions to market. We are looking for a leader for our Enterprise Risk and Compliance Team as we expand our Third-Party Relationships and the diversity of programs offered. The ideal candidate will be a creative problem-solver, solution-driven, to devise a risk management framework that supports innovation while mitigating risks to the bank and our strategic partners.

Hatch Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

The role is responsible for ensuring that policies and procedures comply with federal, state, and local law and regulations to minimize regulatory and legal exposure. The manager will support monitoring initiatives of compliance and risk team as it relates to third-party partners and their programs. Perform testing on third-party relationships, ensuring accuracy with processes and regulatory compliance, as well as following up on outstanding/negative results. Work with the Head of Risk and Compliance to develop and define the Enterprise Risk Management Framework, inclusive of the identification, measurement, mitigation, monitoring and reporting of key risks on a timely basis. In addition to internal risks, third- and fourth-party risks must be included in the score as due to the nature of the Bank’s business practices.

• Assist in conducting due diligence on new Third Party Relationships (TPR) to include setting established timelines and appropriate follow-up as agreed upon.
• Maintain detail knowledge of regulations, especially regarding new and/or updated regulatory changes, as well as promote the proper implementation.
• Support data gathering and accuracy of third-party risk assessments.
• Prepare documentation regarding the evaluation of proposed and ongoing research to demonstrate Hatch's compliance with regulatory requirements.
• Assist in building out Hatch's Compliance Management System and oversight program. This would include proper follow-up and analysis on TPR internal reviews and appropriate exception tracking and reporting.
• Assist in all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program inclusive of on-boarding, off-boarding and transaction monitoring.
• Prepare and update policies, procedures, and operation manuals for all compliance-related functions.
• Monitor and review monthly, quarterly, semi-annual and yearly TPR compliance requirements as outlined in definitive agreement.
• Conduct monthly program testing on loan pools purchased for all third-party relationships to ensure compliance with established protocols, associated regulations and agreed upon metrics and program terms.
• Help ensure that the right risks are identified and are managed; the assessments of each identified risk are current and realistic; and plans for managing identified risk, including decisions to bear any risks unmitigated, are appropriate and effectively implemented.
• Obtains and/or maintains Certified Regulatory Compliance Manager (CRCM) and Association of Certified Anti-Money Laundering Specialists (ACAMS).

While performing the essential functions of this position, the incumbent is subject to sedentary work for extended periods of time. Some mobility in order to access files and attend meetings is necessary. The incumbent must be able to operate a computer terminal and office equipment and communicate and exchange information to internal and external customers.

• 5 years of compliance experience in bank operations with excellent technical and analytical skills; fintech experience is a plus
• Strong written and verbal communication skills.
• Strong interpersonal skills necessary to support internal and external relationships.
• Superior time management and organization skills with the focus on meeting deadlines.
• Advanced computer skills in Microsoft Office including ability to review and interpret data utilizing concepts and tools.
• Organizational and planning skills.

 

Preferred Qualifications

• CRCM Certification (American Bankers Association)
• ACAMS Certification (Association of Certified Anti-Money Laundering Specialists)
• Experience with third-party relationships (TPR’s) and vendor compliance oversight

Pay Range: $80,000.00 to $120,000.00 per year. Pay range may vary based on skills, experience, and location. 

Job tags

Salary