Sr. Compliance Officer (Banking)

Ford Global Career Site
Salt Lake City, UT

We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?

Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).

The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.

Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.

The Team

Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s Compliance Team! The Bank’s Compliance Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a Compliance Analyst (Monitoring and Testing), you will act as an important member of the compliance team, performing monitoring and testing activities, preparing documentation demonstrating the effectiveness of your results, collaborating with leaders and colleagues across the organization to understand and evaluate key Bank and vendor processes and activities, and driving continuous improvement in our compliance posture. You will be instrumental in addressing and demonstrating the Bank’s risk management to emerging regulatory challenges and technological advancements.

In this Position

We're seeking an experienced and dynamic Senior Compliance Officer (Banking) who will be working with senior management across the Bank to drive visibility, understanding and consistency for addressing risks and providing risk-based guidance and compliance requirements to ensure Ford Credit Bank meets Bank and compliance objectives.

 The Senior Compliance Officer (Banking) will lead the implementation and day-to-day effective and efficient execution of the bank's comprehensive Compliance Management System (CMS). This key role will be responsible for the strategic development, meticulous implementation, and ongoing maintenance of critical compliance components, including policies, procedures, risk assessments, and a robust compliance training program. The Senior Compliance Officer (Banking) will also oversee the generation of essential compliance reporting, ensuring timely and accurate information is provided to senior leadership, management committees, and the Board of Directors.

What You’ll Do:

  • CMS Development & Execution: With the Chief Compliance Officer, lead the development, implementation, and continuous enhancement of the Bank’s Compliance Management System, ensuring its effectiveness and efficiency in mitigating compliance risk.
  • Policy & Procedure Management: Lead the hands-on creation, review, and updating of all compliance-related policies and procedures, ensuring they are current, comprehensive, and effectively communicated across the organization.
  • Risk Assessment: Drive the execution of periodic and ad-hoc compliance risk assessments, identifying inherent risks, potential vulnerabilities and controls enhancement opportunities, and determining residual risk for a risk-based approach to recommending appropriate controls and mitigation strategies.
  • Compliance Training: Design, implement, and manage a bank-wide compliance training program that ensures all Bank employees are adequately informed about their compliance obligations and the bank's ethical standards.
  • Reporting & Governance: With the Chief Compliance Officer, prepare and present detailed compliance reports, analyses, and recommendations to senior leadership, various management committees, and the Board of Directors, providing clear insights into the bank's compliance status and emerging risks.
  • Regulatory Liaison: Support and co-lead with the Chief Compliance Officer managing relationships with regulatory bodies, including responding to inquiries, examinations, and audits.
  • Technological Integration: Leverage Governance, Risk, and Compliance (GRC) systems to efficiently manage compliance information, track issues, and monitor controls.
  • Innovative Solutions: Proactively identify opportunities to enhance compliance processes and controls, including developing innovative solutions through the strategic use of Artificial Intelligence (AI) to improve efficiency, accuracy, and risk detection.
  • Team Leadership: Provide strong leadership, guidance, and mentorship to business and functional SME colleagues and compliance team members, fostering a collaborative and high-performing environment.
  • Issue Resolution: Identify compliance issues, analyze root causes, and develop practical, effective solutions for resolution
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