Nelnet Bank Compliance Lead

Nelnet Bank Compliance Lead

Location : Draper, Utah

Have you got what it takes to succeed The following information should be read carefully by all candidates.

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions, and K-12 and higher education expert.

For over 40 years, Nelnet has been serving its customers, associates, and communities.

The Bank Compliance Lead is responsible for assisting Nelnet Bank in the implementation of its Compliance Management System.

This role works closely with the Bank’s compliance team and will perform various compliance functions including monitoring and testing, issue management, and complaint management.

This role is further responsible for effectively communicating compliance matters to Nelnet associates, management, clients, regulators, and auditors.

JOB RESPONSIBILITIES :

• Conducts compliance monitoring and testing.
• Assists in the performance of loan data analysis for fair lending risk.
• Develops and continually enhances compliance test scripts.
• Logs and manages testing findings and other compliance-related issues.
• Assists in the execution of the compliance management system.
• Employs technical knowledge to resolve and / or escalate compliance related business needs.
• Provides guidance to operational areas and management on requirements of applicable laws and regulations.
• Assists in reviewing new or existing products, advertising and marketing notices, forms, customer disclosures, and websites to ensure compliance with applicable laws and regulations.
• Assists with the performance and ongoing enhancement of the Bank’s Compliance Risk Assessment and Fair Lending Risk Assessment.
• Assists with department planning based on the outcomes of the Compliance Risk Assessment.
• Analyzes Nelnet Bank customer complaint data for trends and issues.
• Assists with the onboarding and ongoing monitoring of Nelnet Bank referral partners.
• Assists in the development of compliance training programs.
• Communicates opportunities and areas of improvement for compliance and / or operational activities.
• Engages effectively and proactively with bank partners in depository and lending programs.
• Assists in various compliance-related duties as needed.

Pay Range : $70,000 - $80,000

EDUCATION :

Bachelor’s Degree in related field or comparable experience in banking. Working toward or completion of the Certified Regulatory Compliance Manager (CRCM) certification or a related certification.

EXPERIENCE :

• 2-5 years in audit, compliance, fair banking, complaints, risk management, or governance related field preferred.
• Direct involvement with regulatory examinations (CFPB, FDIC, OCC, etc.) preferred.
• Experience with fair lending laws and regulations preferred.

COMPETENCIES SKILLS / KNOWLEDGE / ABILITIES :

• Working knowledge of bank laws and regulations including but not limited to UDAAP, Truth in Lending Act, Truth in Savings Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, and privacy laws.
• Ability to work independently on multiple issues concurrently and to exercise independent judgment in establishing priorities.
• Ability to succeed in a fast-paced, heavy workload environment.
• Excellent oral, written, negotiation and presentation skills.

Nelnet is an Equal Opportunity Employer and complies with applicable laws.

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