Merrick Bank employees share in our mission to delight our customers and empower underserved consumers to achieve their credit goals. In return, we delight our associates; ensuring they are noticed, heard, appreciated and understand the importance of their role(s). For over 20 years, our Guiding Principles of; doing the right thing, putting the customer first, and Earn, Learn, Have Fun (aka E.L.F.), have defined who we are as an Employer of Choice. Give Yourself Credit, Work at Merrick!

The Analyst I supports the overall direction of the compliance activities of Merrick Bank Corporation (the “Bank”) by performing, or assisting in the performance of, the primary duties listed below.

Essential Functions:As directed by compliance management:

• Conduct lending/deposit product testing and monitoring for compliance with various laws and regulations utilizing existing Bank programs.
• Conduct reviews of the Company’s compliance to policies in the areas of lending, deposits, new products, etc., prepare report of findings and present results to leadership.
• Develop comprehensive testing plans for compliance related controls throughout the Bank. Maintain testing plans within the compliance management application.
• Revise and/or customize testing plans based on results of prior testing, regulatory changes, changes to internal processes, or audit/examination findings.
• Identify control weaknesses or gaps and work with department managers to correct deficiencies. In addition, be an active participant in helping to identify the root cause of issues identified.
• Assist in the overall implementation of the Bank’s Compliance Management System (CMS) and in the development of an overall compliance testing plan.
• Stay abreast of federal and state regulatory changes. Report such changes to management and assist in determining appropriate responses, including the development of new testing plans.
• Participate in new product development, system initiatives and other projects to ensure potential compliance related issues are adequately addressed. Make recommendations to adjust monitoring and testing plans if appropriate.
• Report to the Chief Compliance Officer on any suspect violations of law, regulations or non-compliance to Company policy and take responsibility to ensure resolution.
• Assist in preparing material and resources for regulatory examinations.
• Develop and assist in the implementation of new compliance related processes and special projects.
• Maintain compliance related policies and procedures to ensure continued applicability and completeness.
• Demonstrate an ability to adapt to any changes in the regulatory environment.
• Perform other compliance related duties as assigned by Compliance management and the Chief Compliance Officer.
• Develop and present training on compliance topics as needed.
• Attend conferences and trainings to enhance compliance knowledge and skills (some travel may be required).
• Compliance with Laws and Regulations:
• Comply with all of the bank’s internal control policies and procedures.
• Understand and comply with all laws and regulations, policy violations, or illegal acts.

Education and Experience:

• 2 – 5 years of compliance and regulatory banking experience in consumer credit cards or equivalent educational or banking experience.
• Applicable certification desired (CRCM, CAMS. Etc.).

Summary of Qualifications:

• Knowledge of banking industry functions including credit, deposit, finance, marketing, operations, etc.
• Knowledge of banking laws and regulations.
• Ability to obtain and maintain industry certifications (CRCM, CAMS, Etc.).
• Effective planning, organizational, time management, and problem-solving skills.
• Ability to work effectively under pressure. Skilled at handling a variety of assignments simultaneously. Flexibility and willingness to work at a rapid pace in strict time frames.
• Keyboard and Windows-based applications (Microsoft Office) experience is required.
• Professional demeanor and appearance are necessary; personal work habits that inspire the best in others.
• Effective oral and written communication skills, organizational skills, and sound judgment. Exhibit diplomacy and patience when dealing with co-workers and others.
• Ability to work independently and without direct or continuous supervisory support.
• Communicate effectively both orally and in writing; present ideas in a clear, concise, understandable, and organized manner.

Who is Merrick Bank? Founded over 20 years ago, Merrick Bank is a FDIC-insured Utah Industrial Loan Bank that originates loans with the benefit of low-cost deposit funding. Merrick Bank had $4.5 billion in assets and $3.1 billion in deposits as of March 31, 2021. Merrick Bank operates four main business lines: Credit Cards, Recreation Lending, Personal Loans and Merchant Acquiring.

Our Valued Employees are provided generous benefits, including:

• Competitive Pay
• Benefits Package -Medical, Dental and Vision (plus much more)
• 401(k) Plan with Company Match
• Short & Long Term Disability
• Group Life and AD&D Insurance
• Paid Vacation, Holidays, and Personal Days
• Employee Events, including Employee Appreciation Day, Holiday Party, etc.
• Tuition Reimbursement Program

Candidates must have unrestricted authority to work in the United States without sponsorship.

If this position is based in our Woodbury, Long Island office or Virtual, please note that ALL the work for this position must be performed outside of the five Boroughs of New York City.

Merrick Bank is an equal opportunity employer, and we evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status or any other legally protected characteristic. We will conduct a thorough background check for all hires in compliance with applicable law which includes (but may not be limited to) a review of factors including the applicant’s employment/personal references and drug testing.

Location: 10705 South Jordan Gateway, South Jordan, UT 84095

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Referral program
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Relocate:

• South Jordan, UT 84095: Relocate before starting work (Required)

Work Location: In person