Compliance Officer - Risk Based Testing (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and discretionary or incentive bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Promote from within culture
Why join this team?
Wintrust has a great compliance culture that comes from the top
We are seeking a critical thinker with the ability to adapt to emerging risks and regulatory changes
Gain experience and further your career by joining a growing organization
Hybrid Work Schedule - Split your time working remotely and at our Corporate Headquarters in Rosemont, IL.
Position Summary
A leader within a strong, proactive compliance testing program. Responsible for the development and implementation of testing to identify and mitigate potential consumer compliance risk focused on various consumer focused Federal and State laws and regulations.
What You'll Do
Maintain a high level of expertise and knowledge of the requirements of business processes, technology and the various consumer based laws, regulations and rulings within scope of the Compliance team. Keep abreast of regulatory updates through reading, classes, seminars, etc.
Review Bank systems, forms, contracts and disclosures to provide effective oversight with applicable consumer compliance laws, rules, and regulations.
Follow the Compliance Testing Methodology to conduct Testing reviews and manage testing team members assigned to reviews being conducted.
Prepare workpapers and reports to document the test work performed, conclusions reached, and compliance-related issues. Drafts test documents in a pertinent, concise, and accurate manner.
Discusses potential issues with the Business lead, supports the business in identifying root cause, and provides effective challenge to the action plan to resolve the issues.
Trains new Compliance Testing team members on the Testing Methodology and in-scope consumer compliance regulations.
Conducts Validation of Compliance Issues to determine if the identified issue has been remediated.
Conducts second review of workpapers and draft reports to oversee the implementation of the Testing Methodology and internal procedures.
Qualifications:
5 years of banking and/or banking compliance.
Bachelors Degree is preferred.
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $85,000-$110,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI-HYBRID
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
