Manages the design, development and ongoing program monitoring of the Enterprise Bank & Trust’s Prepaid Card Compliance Program. Collaborate with cross functional business partners to define and document the regulatory compliance and key risk indicators, and create compliance testing plans using a risk based approach.
Skills/Requirements
Perform risk assessments and internal control reviews, mapping controls to applicable regulations.
Develop policies and procedures to ensure applicable laws and regulation requirements are met.
Work closely with internal Compliance, Legal, Risk Management, Vendor Management and Operations departments for oversight of client onboarding.
Serve as a subject matter expert when working with all Card Services departments to ensure that regulatory compliance requirements are met during new product development.
Create standards for risk rating and monitoring of product partners (initial and ongoing).
Oversee and conduct regulatory compliance reviews, audits, self-assessments, and systematic reviews for all prepaid partners.
Prepare formal compliance reports to senior management and for review and approval.
Review and assess the adequacy of prepaid partners AML/BSA program and internal controls.
Performs other duties as required.
Qualifications:
Strong experience conducting risk assessments, and applying results to create outcomes using a risk based approach
Proven knowledge of developing compliance monitoring / testing plans
Strong process facilitation, project management and analytical skills
Team-oriented, possess a positive attitude and work well with others
Strong organizational skills and detail-oriented with high degree of accuracy
Strong written and oral communication skills
Ability to maintain confidentiality and handle highly sensitive information
Excellent interpersonal and customer service skills
Ability to prioritize; handle multiple tasks; and work independently
Knowledge of Enterprise Bank & Trust policies and procedures
Ability to operate standard office equipment, such as, computer work stations, calculators, and copier
Supervisory Responsibilities:
None
Education and/or Experience:
Bachelor’s degree or equivalent experience
5 years of credit card payments experience, including expertise in prepaid and all relevant regulations
5 years of experience in BSA/AML, Fraud, CDD/CIP; or equivalent combination of education and experience
Computer and Software Skills:
Intermediate skills in operation of a personal computer, including Microsoft Word and Excel