What are the responsibilities and job description for the Sr. Compliance Officer (Banking) position at Ford Credit?
Job Description
We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?
Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).
The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.
Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.
The Team
Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.
In this Position
We're seeking an experienced and dynamic Senior Compliance Officer (Banking) who will be working with senior management across the Bank to drive visibility, understanding and consistency for addressing risks and providing risk-based guidance and compliance requirements to ensure Ford Credit Bank meets Bank and compliance objectives.
The Senior Compliance Officer (Banking) will lead the implementation and day-to-day effective and efficient execution of the bank's comprehensive Compliance Management System (CMS). This key role will be responsible for the strategic development, meticulous implementation, and ongoing maintenance of critical compliance components, including policies, procedures, risk assessments, and a robust compliance training program. The Senior Compliance Officer (Banking) will also oversee the generation of essential compliance reporting, ensuring timely and accurate information is provided to senior leadership, management committees, and the Board of Directors.
Responsibilities
What You’ll Do:
You will have:
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder…or all of the above? No matter what you choose, we offer a work life that works for you, including:
For more information on salary and benefits, click here: https://fordcareers.co/LL5
Visa sponsorship is not available for this position.
*Register for our Ford Credit Bank talent community today to be considered for current and future banking opportunities*
https://ford.eightfold.ai/careers/join?jtn_form_id=FMCC_JTN
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week.
We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?
Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).
The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.
Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.
The Team
Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.
In this Position
We're seeking an experienced and dynamic Senior Compliance Officer (Banking) who will be working with senior management across the Bank to drive visibility, understanding and consistency for addressing risks and providing risk-based guidance and compliance requirements to ensure Ford Credit Bank meets Bank and compliance objectives.
The Senior Compliance Officer (Banking) will lead the implementation and day-to-day effective and efficient execution of the bank's comprehensive Compliance Management System (CMS). This key role will be responsible for the strategic development, meticulous implementation, and ongoing maintenance of critical compliance components, including policies, procedures, risk assessments, and a robust compliance training program. The Senior Compliance Officer (Banking) will also oversee the generation of essential compliance reporting, ensuring timely and accurate information is provided to senior leadership, management committees, and the Board of Directors.
Responsibilities
What You’ll Do:
- CMS Development & Execution: With the Chief Compliance Officer, lead the development, implementation, and continuous enhancement of the Bank’s Compliance Management System, ensuring its effectiveness and efficiency in mitigating compliance risk.
- Policy & Procedure Management: Lead the hands-on creation, review, and updating of all compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively communicated across the organization.
- Risk Assessment: Drive the execution of periodic and ad-hoc compliance risk assessments, identifying inherent risks, potential vulnerabilities and controls enhancement opportunities, and determining residual risk for a risk-based approach to recommending appropriate controls and mitigation strategies.
- Compliance Training: Design, implement, and manage a bank-wide compliance training program that ensures all Bank employees are adequately informed about their compliance obligations and the bank's ethical standards.
- Reporting & Governance: With the Chief Compliance Officer, prepare and present detailed compliance reports, analyses, and recommendations to senior leadership, various management committees, and the Board of Directors, providing clear insights into the bank's compliance status and emerging risks.
- Regulatory Liaison: Support and co-lead with the Chief Compliance Officer managing relationships with regulatory bodies, including responding to inquiries, examinations, and audits.
- Technological Integration: Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage compliance information, track issues, and monitor controls.
- Innovative Solutions: Proactively identify opportunities to enhance compliance processes and controls, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) to improve efficiency, accuracy, and risk detection.
- Team Leadership: Provide strong leadership, guidance, and mentorship to business and functional SME colleagues and compliance team members, fostering a collaborative and high-performing environment.
- Issue Resolution: Identify compliance issues, analyze root causes, and develop practical, effective solutions for resolution
You will have:
- Bachelor’s degree from an accredited four-year college or university required, advanced degree in banking or related field is not required but complementary
- A minimum of 7 years of progressive experience in banking compliance.
- A minimum of 5 years of experience in managing and leading team members.
- Demonstrated strong written, verbal, and presentation skills
- Exceptional leadership and decision-making capabilities, with a proven ability to guide and inspire a team.
- Demonstrated expertise in developing, implementing, and managing comprehensive compliance programs within a banking environment.
- Proficiency in utilizing Governance, Risk, and Compliance (GRC) systems to streamline compliance activities and manage vast amounts of information effectively.
- A forward-thinking mindset with the ability to identify and develop innovative solutions, particularly through the application of Artificial Intelligence (AI) to enhance compliance processes.
- Strong analytical skills, with the ability to interpret complex regulations and translate them into actionable policies and procedures.
- Excellent written communication skills, capable of drafting clear, concise, and comprehensive policies, reports, and presentations.
- Superior verbal communication and presentation skills, able to articulate complex compliance concepts to diverse audiences, including executive management and the Board of Directors.
- A proactive and solutions-oriented approach, with a proven track record of identifying issues and developing and suggesting effective solutions.
- High level of integrity, ethical conduct, and sound judgment
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder…or all of the above? No matter what you choose, we offer a work life that works for you, including:
- Immediate medical, dental, vision and prescription drug coverage
- Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
- Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
- Vehicle discount program for employees and family members and management leases
- Tuition assistance
- Established and active employee resource groups
- Paid time off for individual and team community service
- A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
- Paid time off and the option to purchase additional vacation time.
For more information on salary and benefits, click here: https://fordcareers.co/LL5
Visa sponsorship is not available for this position.
*Register for our Ford Credit Bank talent community today to be considered for current and future banking opportunities*
https://ford.eightfold.ai/careers/join?jtn_form_id=FMCC_JTN
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week.
Salary : $138,240 - $261,720