Payments Compliance ITM Analyst

extra holidays
Work set-up: 
Full Remote
Contract: 
Full time
Salary: 
95 - 95K yearly
Experience: 
Senior (5-10 years)
Work from: 
United States

Offer summary

Qualifications:

Minimum 5+ years of banking experience., Knowledge of federal and state banking laws and regulations such as Reg E, NACHA, TILA, ECOA, FCRA, SCRA/MLA, Regulation CC, TISA., Exceptional communication skills and ability to work independently., Eager to learn, collaborative, and adaptable to a fluid environment..

Key responsibilities:

  • Assist in delivering the Compliance Management System for the bank.
  • Conduct due diligence, monitoring, and review of payment activities and related operations.
  • Work with fintech partners and internal teams to ensure compliance with applicable laws and regulations.
  • Support regulatory exams and audits, and contribute to compliance risk assessments.

Lead Bank logo
Lead Bank Financial Services SME https://lead.bank/
51 - 200 Employees
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Job description

Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDICinsured bank headquartered in Kansas City, Missouri. Additionally, we have offices in San Francisco, Sunnyvale, and New York City, where our technical, product, design, and legal teams operate.
We are built for a constantly evolving financial landscape, where new ventures and technological advancements emerge daily. Guided by a team of entrepreneurs and technologists with decades of experience navigating intricate banking and payments regulations, Lead blends regulatory and technological expertise to help our fintech partners scale their operations with compliance and creativity.

Simply put, Lead offers the essential attributes that every fintech seeks in a partner bank. First, unparalleled technical expertise from a distinguished team of developers with an extensive understanding of the banking and payments systems. Second, oversight expertise, automated compliance systems, and bespoke program management to navigate the evershifting regulatory landscape. Finally, a commitment to transparency and operational rigor to ensure everyone’s money does what it’s supposed to do.

Role Description:
Lead is seeking a dynamic, selfmotivated compliance professional to join our Compliance Team. Lead views regulatory compliance as a key driver of innovation and this position presents a unique opportunity to play a foundational role in continuing to build and implement our forward thinking compliance strategy.

The Payments Compliance ITM Analyst will be responsible for assisting the Compliance Officer in the delivery of the Compliance Management System (CMS). The role will have a primary focus in conducting daytoday due diligence, monitoring and review related to the bank’s payment activities, in addition to lending, deposit, and operational activities as it relates to the Bank’s Banking as a Service (BaaS) fintech partner programs. Further duties can be assigned at any time due to expanded activities from the bank, its partners, or regulators.

In this role you will:
  • Work closely with the Compliance Officer, other business lines, and Fintech partners to ensure consideration and accurate implementation of controls and processes necessary to meet regulatory compliance requirements
  • Maintain proficient knowledge of applicable federal and state laws, regulations and guidance, including, but not limited to, Reg E, NACHA, TILA, ECOA, FCRA, SCRAMLA, Reg CC, TISA, and other federal consumer protection legislation and regulations
  • Conduct interviews and meetings with responsible Fintech Partner key stakeholders to gain an overall understanding of their Compliance Management System
  • Review business unit and Fintech partner policies and procedures for adherence to laws and regulations and recommends changes based on risks identified or changes in laws and regulations
  • Monitor compliance related Partner controls and key risk indicators to identify weaknesses, research issues, and makes recommendations for remediation where required
  • Conduct transaction and accountlevelloanlevel testing for adherence to applicable (Fintech partner) control requirements on a scheduled andor ad hoc basis
  • Assist the business unitFintech partner in the development of action plans and corrective action associated with monitoringreview findings, as necessary
  • Develop effective working relationships with department employees, other business units, and Fintech partners
  • Supportive resource to the business units for questions related to consumer protection laws and regulations
  • Contribute to the completion of annual compliance risk assessments for the bank and BaaS partners, as needed
  • Assist in the coordination of, and preparation for, regulatory agency exams, and external auditsreviews
  • Participate in bank initiatives and projects to ensure compliance with federal, state, and local laws and regulations
  • Demonstrate the values of Lead Bank and set a personal example for team members to follow

  • Qualifications:
  • Minimum 5+ years of banking experience
  • Have knowledge of applicable federal and state laws, regulations and guidance, including, but not limited to Reg E, NACHA, TILA, ECOA, FCRA, SCRAMLA, Regulation CC, TISA, and other federal consumer protection legislation and regulations
  • Demonstrate exceptional communication skills
  • Ability to make judgements based on information provided
  • Ability to work and complete tasks with minimal direct supervision
  • Eager to learn and achieve proficiency
  • Are curious, have humility, are open to learning and approach your work with a growth mindset
  • Thrive working in a fluid environment with high autonomy
  • Love to collaborate to get to the best, most efficient outcome
  • Embody the growth mindset and bring a selfdriven and selfstarter mentality to your work

  • What we offer:
  • At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life

  • Competitive compensation, including opportunities for equity grants and cash bonus, based on experience, geographic location, and role
  • Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
  • Paid parental leave
  • Flexible vacation policy, including PTO and paid holidays
  • A fun and challenging team environment in a dynamic industry with ample opportunities for career growth

  • *Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

    *Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    **Our compensation reflects the cost of labor across several US geographic markets. Pay is based on a number of factors and may vary depending on geographical market location, jobrelated knowledge, skills, and experience. These ranges may be modified in the future.

    Zone 1: $95,000 $115,000 (SFBay Area, NYC, Seattle, LA)
    Zone 2: $92,000 $103,000 (Los Angeles, Chicago, Austin, Denver, Boston, Washington DC, San Diego, Philadelphia, Portland, Sacramento, Miami)
    Zone 3: $65,000 $78,000 (Other US Metros)
    •

    Required profile

    Experience

    Level of experience: Senior (5-10 years)
    Industry :
    Financial Services
    Spoken language(s):
    English
    Check out the description to know which languages are mandatory.

    Hard Skills

    Banking ServicesRegulatory ComplianceDue DiligenceCompliance ManagementLegal KnowledgeDatabase TestingRisk Analysis

    Other Skills

    • Self-Motivation
    • Growth Mindedness
    • Collaboration
    • Communication
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