Compliance Analyst

Compliance Specialist

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.

What You'll Do

• Build an understanding of federal and state laws and regulations.
• Monitor and analyze the bank's and bank's sponsored fintech products, services, and operations to identify compliance risks and ensure compliance with relevant federal- and state-level privacy and consumer protection regulations.
• Monitor and interpret regulatory changes impacting the bank and fintech portfolios, providing analysis to Compliance Management.
• Conduct regular monitoring and testing of the bank and fintechs for compliance with all federal and state lending and deposit laws and regulations and recommend program or procedure enhancements as necessary to management.
• Liaise with the Compliance Management team on compliance matters specific to fintech solutions.
• Assist with compliance risk assessments for the bank and fintech platforms, identifying gaps in policies, processes, and controls.
• Assist in reviewing policies and procedures tailored to fintech operations.
• Research, analyze, and interpret complex regulations to respond to internal and external compliance-related inquiries as directed by Compliance Management.
• Assist with audit and regulatory issue remediation.
• Work cross-functionally with the bank's product team, technology providers, and operations to integrate compliance considerations into product development lifecycles.
• Assist with the education of internal and external stakeholders on regulatory requirements, compliance processes, and best practices.
• Stay informed about fintech and compliance technology developments, advising on opportunities to integrate innovative compliance solutions.
• Act as a subject matter expert on bank and fintech trends and emerging risks.
• Participate in specialized department projects.
• Perform other job duties as assigned.

Qualifications:

• Minimum of 3-5 years banking experience with a focus in regulatory compliance
• Comprehensive knowledge of consumer and commercial regulations
• Bachelor's Degree preferred
• Demonstrated ability to collaborate with and influence all team members at all levels which will impact change via leading/coaching in a matrixed environment
• Ability to work in a fast-paced and team-oriented environment and exhibit a sense of urgency, a commitment to customer service, quality, and timely completion of duties without oversight
• Detail-oriented with excellent communication/presentation skills (both written and verbal)

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.