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Sr. FLoD Compliance Risk Officer

Company: Santander Holdings USA Inc
Location: Mesquite
Posted on: June 22, 2022

Job Description:

Dallas, United States of America


Summary of Responsibilities:Summary of Responsibilities:
The Sr. FLoD Compliance Risk Officer represents the First Line of Defense (FLoD) in supporting to build and implement the elements of Regulatory Compliance requirements to monitor and identify Compliance risks and is responsible for partnering with the business line and/or functional area to execute Risk and Control Self-Assessment (RCSA) for an auto finance organization with primary focus on regulatory compliance risks and controls. The Sr. FLoD Compliance Risk Officer will perform key risk management role by assisting the Director of BCO Governance and Oversight in providing regulatory and compliance advisory support to FLoD. The Sr. FLoD Compliance Risk Officer will partner with key stakeholders in: (1) understanding business activities and operations within each business processes, (2) identifying all applicable federal and state laws and explaining the regulatory requirements, (3) develop and maintain risk statements that reflect the regulatory compliance exposures, and (4) evaluating the existing controls to ensure sufficient mitigation of regulatory compliance risks identified. The Sr. FLoD Compliance Risk Officer will work with key stakeholders to effectively challenge business processes to comply with applicable consumer laws and regulations and draft action plans for findings and observations.

Essential Functions:
Serve as designated FLoD Regulatory Compliance Risk SME
Provide regulatory guidance and support on business practices, key decisions, processes and procedures to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements
Work closely with the Lines of Business ("LoB") to understand compliance risk points and key challenges within the FLoD
Support RCSA execution and challenges appropriately on compliance related requirements
Perform risk-based reviews of business line control design and execution effectiveness and provide guidance on identified risks or gaps
Identify and recommend opportunities for process improvement and risk control development
Support and review FLoD Testing and Monitoring compliance outcomes of applicable laws, rules, regulations, and controls
Collaborate with FLoD and SLoD Compliance key stakeholders on implementation and risk mitigation efforts
Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters on compliance risks
Report findings and make recommendations to management
Stay on top of regulatory issues, developments, changes, and industry emerging trends pertinent to SC
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Perform other duties as assigned

Education and Experience
Bachelor's degree with business related or similar focus required
Minimum five (5) years of Auto lending / leasing compliance experience, risk management and/or similar experience in financial service industry or regulatory agency
Knowledge of auto regulatory requirements such as Fair Lending, ECOA (Reg. B), FCRA, UDAAP, TCPA, SCRA, FDCPA, GLBA, Credit CARD Act, Reg. M, FACTA, TILA BSA / AML, and FTC Credit rules
Knowledge of state requirements associated with auto lending / leasing and industry best practices (i.e. UCC, Right to Cure, Right to Redeem, Retail Instalment Sales Act, Motor Vehicle Instalment Sales Act, etc.), preferred
Prior experience in corporate environment dealing with regulators, auditors and legal counsel is preferred
Professional certification (CRCM, CIA, and / or CCSA), or Juris Doctorate (JD) preferred
Skills & Abilities
Advanced knowledge of regulatory compliance, relevant industry regulations and regulatory data sources
Demonstrated experience facilitating change to achieve measurable results
Demonstrated subject matter expertise compliance opportunities and resolution
Detail orientated with the ability to also understand overall strategy
Excellent interpersonal, supervisory, and customer service skills required.
Excellent written and verbal communication skills
Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems
Proficient with Microsoft Office (Word, Excel, PowerPoint, SharePoint, Outlook)Ability to build and foster internal relationships
Ability to analyze risk and design efficient control practices to minimize risk
Ability to lead, influence and direct peers, subordinates and management
Ability to make effective decision making on complex matters
Ability to convey a sense or urgency and drive
Ability to multi-task and meet strict deadlines
Ability to adjust to new developments/changing circumstances
Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
Ability to build and foster internal and external relationships
Superior analytical, problem solving and critical thinking skills
Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding



EDUCATION Bachelor of Science (BS), Masters of Science (MS)

COMPETENCIES Other - Other Juris Doctor (JD) English

Primary Location: Dallas, Texas, United States of America

Other Locations: Texas-Dallas

Organization: Santander Consumer USA Inc.

Keywords: Santander Holdings USA Inc, Mesquite , Sr. FLoD Compliance Risk Officer, Other , Mesquite, Texas

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