About the position
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about. We're seeking a future team member for the role of Senior Vice President, Consumer Compliance Officer - Treasury Services to join our Risk & Compliance team. This role is located In Pittsburgh, PA or Lake Mary, FL - HYBRID.
Responsibilities
- Independently contributes to the compliance efforts focusing on consumer banking and working with multiple assigned business teams.
- Responsible for assisting the business teams to ensure compliance with BaaS industry best practices and regulation.
- Exhibit an aptitude for assessing regulatory consent orders, enforcement actions, notices of proposed rulemaking, and for identifying areas for improvement in BNY's and prospective clients BaaS compliance framework.
- Have compliance or regulatory experience with respect to credit / debit card issuance and acquiring, as well as State and Federal card disbursement programs.
- May have experience with BIN sponsorship, FDIC insurance, MSBs, the NYDFS, compliance technology, third-party risk management, compliance program assessment, cards, third-party payment providers, etc.
- Responsible for assisting the business teams to ensure compliance with consumer banking and payments regulations and policy.
- Have expertise including, but not limited to: Truth-in-Lending Act, Equal Credit Opportunity Act, UDAAP, Regulations E, CC, DD, and Z, the Consumer Financial Protection Bureau (CFPB) Prepaid Rule, Electronic Fund Transfer Act, Gramm-Leach Bliley Act and other consumer privacy protections, Remittance Transfer Rule, Federal Payments Rule, Federal garnishment rules for accounts into which federal benefit payments are deposited, Regulation II, and consumer protection provisions in card network rules and other applicable payment network rules.
- In partnership with business managers and internal stakeholders, reviews new products to ensure compliance with applicable laws and regulations as well as alignment with BNY's own risk tolerance.
- Based on assessments of controls, works with business teams to implement improvements including the completion of appropriate documentation when control changes are made.
Requirements
- Bachelor's degree or the equivalent combination of education and experience is required.
- JD or comparable graduate degree preferred.
- Requires more than 5 years' experience in consumer compliance industry.
- Financial Services, Audit or Compliance background and/or experience with consumer banking compliance and the pertaining laws, regulations and rules of relevant regulators.
Benefits
- Highly competitive compensation
- Benefits and wellbeing programs
- Access to flexible global resources and tools
- Generous paid leaves, including paid volunteer time
