Lending Compliance Officer (Remote)

Join our mission to create a completely new, 100% digital bank that uses consumer feedback to truly meet customers’ best interests. Jenius Bank, a division of SMBC MANUBANK, and a member of SMBC Group, is being built by a close-knit and fun-loving team of financial services professionals and technology experts who came together for the challenge of building a full-service digital bank from scratch. We’re committed to doing it the right way for the customer and are growing rapidly. To learn more about our relationship to our parent company, visit our website.

The anticipated salary range for this role is between $163,000.00 and $250,000.00. The specific salary offered to an applicant will be based on their individual qualification, experiences, and analysis of current compensation paid in their geography and the market for similar roles at time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC MANUBANK offers a competitive portfolio of benefits to its employees.
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Jenius Bank is strategically scaling up a portfolio of products and building extraordinary experiences. In 2023, we launched our first two products reaching $1 billion in deposits and over $700 million in loans, all before Jenius Bank’s first anniversary. We don’t plan to slow down, with ambitious growth plans and the capital necessary to execute a multi-year strategic plan. We have a start-up mindset paired with SMBC Group’s 400 years of history. SMBC Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries and is committed to creating new business to better serve customers in the rapidly evolving digital environment. Join us on the journey that has caught the attention of the Banking Dive, and more to reinvent banking where smarter banking translates to a richer life.

SUMMARY:

SMBC MANUBANK is a middle market commercial bank with an announced expansion into consumer banking, including deposit and lending products with the launch of our Jenius Bank division. As the Director, Loans Compliance Officer, you will play a critical role in the support of our recently launched personal loan product, ensuring that it complies with all applicable federal and state laws, regulations, and industry standards. Your expertise in regulatory compliance will help guide the product development process from inception to launch and beyond. You will work closely with multiple departments, including Product, Operations, Credit Risk, Risk Management, and Legal to support a compliant, safe, and competitive personal loan product.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Manage a comprehensive compliance program tailored to our personal loan product, ensuring adherence to applicable local, state, federal, and international laws and regulations.
• Collaborate with the product development team to provide compliance advice and guidance from the initial stage, helping to shape a product that is both innovative and compliant.
• Conduct and supervise regulatory risk assessments and audits, creating action plans to mitigate identified risks. 
• Stay up-to-date with and coordinate action plans for changes in laws and regulations related to loans products and services, interpreting them and advising the team accordingly.
• Reinforce training programs and knowledge sharing to ensure all staff members are aware of and understand compliance requirements and responsibilities.
• Foster a culture of compliance throughout the organization, demonstrating the importance of ethical behavior and regulatory adherence.
• Act as a subject matter expert to the organization, for the regulatory risks and requirements relating to the personal loan product.
• Coordinate with the Legal department and other second line risk teams to address any potential issues related to the product, proactively mitigating risks. 
• Handle any regulatory inquiries or examinations related to the personal loan product.
   

POSITION SPECIFICATIONS:

• 10+ years of experience in a compliance function within the financial services industry, with specific experience in closed-end lending and related services preferred. 
• Extensive knowledge of lending compliance regulations and industry standards, such as the Truth in Lending Act, Equal Credit Opportunity Act, FDCPA, FCRA, and others. 
• Proven experience in taking initiative and/or building and implementing compliance programs from the ground up. 
• Excellent leadership and negotiation skills, capable of navigating through a complex matrixed environment. 
• Exceptional communication skills, with the ability to translate complex-regulatory language into actionable business requirements.
• Strong analytical and problem-solving skill, with a proactive approach to identifying and mitigating potential compliance risks.
• Juris Doctor (JD) degree, other relevant advanced degree, or professional certifications such as Certified Regulatory Compliance Manager (CRCM) or Certified Compliance & Ethics Professional (CCEP) are a plus.

EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.