Payments Compliance ITM Analyst

Job Description

Job Description

Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDIC-insured 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 ever-shifting 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, self-motivated 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 day-to-day 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, SCRA / MLA, 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 account-level / loan-level testing for adherence to applicable (Fintech partner) control requirements on a scheduled and / or ad hoc basis
• Assist the business unit / Fintech partner in the development of action plans and corrective action associated with monitoring / review 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 audits / reviews
• 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 :

What we offer :

Zone 1 : $95,000 - $115,000 (SF / Bay Area, NYC, Seattle)

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)