Compliance Analyst
Thread Bank
Brentwood, TN, USA
Published 1 week ago
Compliance Management Systems / Technology
Who We Are
We believe the future of banking is digital, connected, contextual, and customer-first.
We dreamed of a better way of banking for businesses and their busy owners, so we built Thread Bank. Our digital-first solutions combine best-in-class technology with a streamlined customer experience to reduce the time, effort, and mental energy required to do everyday business and personal banking.
Next, we created an easy-to-implement, easy to sell, embedded banking solution. It empowers business technology platforms to offer the same simplified, secure, small business banking experience we offer our customers. These partners use our embedded banking to diversify and strengthen relationships with their customers, who in turn experience digital banking provided by people they trust.
And we didn't stop there.
We are continually innovating and investing in building our financial ecosystem. Through meticulously selected partnerships, we utilize our technology platform and charter to empower other banks, credit unions, and Fintechs to integrate fully compliant financial solutions into their customer experience without the hassle of building them.
Connected, together, we thrive.
Position Summary
The Marketing Compliance Analyst is a direct report to the Director of Compliance Operations and will be responsible for the review, approval, and continuous monitoring of Thread Bank's and its embedded banking partner's marketing and advertising. This includes but is not limited to direct marketing, website(s), social media channels, email marketing, audio and video marketing, etc. The Marketing Compliance Analyst will also be responsible for the day-to-day management and oversight of the Bank's marketing review platform(s) and technology.
Thread Bank maintains a strong culture of compliance, and this is a unique opportunity to continue to develop and mature our risk-focused Compliance Management Program, which will support both the growth and success of the company. Ideal candidates will be those who are proactive, resourceful, and thrive in a fast-paced, creative, hands-on environment, and who truly enjoy building things from the ground up!
Essential Functions
We believe the future of banking is digital, connected, contextual, and customer-first.
We dreamed of a better way of banking for businesses and their busy owners, so we built Thread Bank. Our digital-first solutions combine best-in-class technology with a streamlined customer experience to reduce the time, effort, and mental energy required to do everyday business and personal banking.
Next, we created an easy-to-implement, easy to sell, embedded banking solution. It empowers business technology platforms to offer the same simplified, secure, small business banking experience we offer our customers. These partners use our embedded banking to diversify and strengthen relationships with their customers, who in turn experience digital banking provided by people they trust.
And we didn't stop there.
We are continually innovating and investing in building our financial ecosystem. Through meticulously selected partnerships, we utilize our technology platform and charter to empower other banks, credit unions, and Fintechs to integrate fully compliant financial solutions into their customer experience without the hassle of building them.
Connected, together, we thrive.
Position Summary
The Marketing Compliance Analyst is a direct report to the Director of Compliance Operations and will be responsible for the review, approval, and continuous monitoring of Thread Bank's and its embedded banking partner's marketing and advertising. This includes but is not limited to direct marketing, website(s), social media channels, email marketing, audio and video marketing, etc. The Marketing Compliance Analyst will also be responsible for the day-to-day management and oversight of the Bank's marketing review platform(s) and technology.
Thread Bank maintains a strong culture of compliance, and this is a unique opportunity to continue to develop and mature our risk-focused Compliance Management Program, which will support both the growth and success of the company. Ideal candidates will be those who are proactive, resourceful, and thrive in a fast-paced, creative, hands-on environment, and who truly enjoy building things from the ground up!
Essential Functions
- Review and approve all Thread-direct and embedded banking marketing materials prior to publication to ensure compliance with Bank policy, as well as all state and federal laws and regulations
- Perform ongoing monitoring of the bank's and its embedded banking partner's website(s), social media channels, email marketing, etc. to ensure compliance with bank policy and regulatory requirements
- Identify instances of marketing non-compliance, as applicable, and track all marketing risk approvement activities to ensure satisfactory remediation
- Responsible for the day-to-day management of the bank's marketing review and approval platform(s) and technology
- Conduct periodic testing of the bank's marketing automated monitoring tool to validate the effectiveness of the rules and rules engine
- Update and enhance the automated monitoring rules and rules engine to ensure compliance with the bank's policy and regulatory requirements
- Maintain working knowledge of banking laws and regulations
- Conduct research as assigned and provide information regarding marketing or advertising-related regulations, regulatory changes, and the potential impact to Thread
- Assist in the administration of independent, state, and federal supervision activity
- Assist with audit and exam preparation
- Prepare marketing and marketing-related risk improvement activity reports for Director of Compliance Operations and/or Chief Compliance Officer
- Serve as a marketing compliance subject matter expert
- Assist with the development and implementation of marketing compliance training for the Bank, it's Board of Directors, and/or its Embedded Banking and Embedded Lending Partnerships
- Assist with the development and implementation of marketing-related policies, procedures, guidelines and risk assessments
- Perform the marketing compliance evaluation and due diligence of Embedded Banking or Embedded Lending partnerships
- Perform other job duties as assigned
- Specialized knowledge of regulatory compliance, consumer, and commercial banking laws and regulations
- Strong technical skills and demonstrated ability to adapt quickly to new technology
- Ability to work in a fast-paced and team-oriented environment and exhibit a sense of urgency, a commitment to customer service, quality, and timely completion of duties without oversight
- Detail-oriented with excellent communication/presentation skills (both written and verbal)
- Demonstrated ability to collaborate with and influence all team members at all levels to impact change
- Minimum of 3-5 years Banking experience with a focus in regulatory compliance
- Bachelor's Degree in applicable field preferred
- Experience in embedded banking and financial technology preferred
- This role will typically be performed in an office-based setting. The noise level in the work environment(s) is relatively quiet. This position will also be eligible for remote work capabilities.
- Daily/majority of the day: maintain a stationary position, operate a computer and other office productivity machinery, communicate information and ideas so others will understand.
- Daily/consistent: Use of professional judgement in alignment with Thread Bank's values and policies.
- Frequently: Learn new software applications and recall important processes.