Compliance Manager

Celtic Bank is seeking a Compliance Manager (“CM”) who will be responsible for ensuring compliance with federal and state banking regulations, as well as all Celtic Bank policies, procedures and standards. This position will be responsible for working closely with the Bank’s Strategic Lending Partners to review contractual and regulatory compliance requirements, perform due diligence, assess compliance risks, monitor for adherence to policies and regulations, and manage compliance activities associated with changes to products, services, and/or regulations.

Strong acumen in the following is required: Consumer protection financial regulations, including CARD ACT /Regulation Z; fair lending regulations, commercial lending regulations; anti-money laundering laws; developing/applying risk assessments; complaint management; incident management; marketing compliance; and understanding of third-party oversight principles.

Interested in hearing more? Apply now! We would love to speak with you.

WHAT MAKES CELTIC DIFFERENT

• It’s never wrong to ask great questions
• Business causal is every day
• Hard work is rewarded
• You’re always learning

WHAT YOU’LL DO AT CELTIC BANK

• Act as the primary contact for compliance-related information and activities.
• Inform Executive Management and support teams of key developments related to regulatory compliance and determine the impact of those developments to the Bank.
• Ensure that existing and proposed business practices comply with policies and procedures as accomplished through origination software systems; loan pricing; marketing materials; customer correspondence; and product documents and disclosures.
• Stay abreast of all federal and state regulatory changes related to consumer and commercial lending, privacy, and anti-money laundering. Ensure changes are appropriately communicated and addressed.
• Conduct regulatory risk assessments to identify key areas of inherent compliance risk, mitigating controls, and residual risks that apply to the Bank.
• Identify and deploy controls that address compliance risk and document in policies and/or procedures.
• Perform targeted reviews, ongoing monitoring and transaction level testing across a broad range of areas to validate compliance with applicable laws and Bank policies.
• Assist in the refinement and execution of compliance monitoring programs to test compliance controls and procedures.
• Review, facilitate responses to, and identify trends/systemic issues on customer complaints.
• Participate in audits and regulatory examinations. Assist in addressing findings and help prepare responses as requested.
• Complete additional projects and duties as directed.

Requirements

WHAT YOU’LL NEED TO DO IT

• Bachelor's degree and 3+ years of regulatory compliance experience; or if no degree, 5+ years comparable compliance experience.
• Must have prior working experience at a financial institution.
• Strong knowledge and experience with consumer credit card regulations, specifically CARD Act.
• Knowledge and experience in performing internal control reviews, quality assessments or Compliance or Audit testing.
• Excellent verbal/written communication and strong presentation skills.
• Project management and organization skills required.
• Strong attention to detail.
• Must be a self-starter with the ability to work independently in a fast-paced environment, with minimum supervision to manage conflicting priorities and successfully meet established project deadlines.
• Team player; collaborative and interfaces effectively with other departments and Executive Management teams.
• High initiative and strong problem-solving skills; exhibits good judgement and able to make sound decisions.
• CRCM desired, but not required.
• Experience working with regulators (FDIC, Utah Department of Financial Institutions) is preferred.

Benefits

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a weeks, lunch and learns, and onsite gym.)

Headquartered in the heart of downtown Salt Lake City, Utah, Celtic Bank was named a top SBA lender in the nation in 2023! Celtic Bank is a leading nationwide lender specializing in SBA 7(a), SBA 504, USDA B&I, express loans, asset-based loans, commercial real estate loans and commercial construction loans.

Celtic Bank is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws.

Physical and Other Requirements

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• Stationary Work: The employee is frequently required to stand; walk; use hands to type, handle documents, and perform other office related duties. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
• Mobility: The employee in this position needs to occasionally move between work sites and inside the office to access file cabinets, office machinery, etc.
• Communicate: The employee is regularly required to talk or hear and will frequently communicate with others. Must be able to read, write and understand fluent English.

• Work Model: The employee in this position will work either a fully Onsite or Hybrid work model. All employees, regardless of location, may be required to travel to the Salt Lake City office for mandatory company meetings, events, or related occasions.
• Utah-based employees: Hybrid work schedule available after initial training period in our Salt Lake City, Utah office – department and job requirements will determine eligibility.