Compliance Analyst

Description

Who We Are

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

What We Are Looking For

The Compliance Analyst supports Thread Bank’s Compliance Management team in monitoring, testing, and advising on the bank’s and its sponsored fintech partners’ products, services, and operations. This role helps identify compliance risks, interpret regulatory changes, and strengthen policies, procedures, and controls across federal and state consumer protection, privacy, lending, and deposit requirements. The ideal candidate thrives in a fast-paced, growing environment while operating within regulatory boundaries, works well across teams, and brings strong analytical, research, and communication skills. This role offers the opportunity to build expertise in bank and fintech compliance as Thread Bank grows.

What You’ll Do

• Develop and maintain a working knowledge of federal and state banking laws and regulations.
• Monitor and analyze the products, services, and operations of Thread Bank and its sponsored fintech partners to identify compliance risks and support compliance with federal and state privacy and consumer protection regulations.
• Monitor and interpret regulatory changes affecting the bank and fintech portfolios and provide analysis to Compliance Management.
• Conduct regular monitoring and testing of the bank and fintech partners for compliance with federal and state lending and deposit laws and regulations, and recommend program or procedure enhancements to management.
• Partner with the Compliance Management team on compliance matters specific to fintech solutions.
• Assist with compliance risk assessments for the bank and fintech platforms, identifying gaps in policies, processes, and controls.
• Assist in reviewing policies and procedures for fintech operations.
• Research, analyze, and interpret complex regulations to respond to internal and external compliance inquiries as directed by Compliance Management.
• Assist with remediation of audit and regulatory findings.
• Work with the product team, technology providers, and operations to integrate compliance considerations into the product development lifecycle.
• Help educate internal and external stakeholders on regulatory requirements, compliance processes, and best practices.
• Stay informed about fintech and compliance technology developments and share opportunities to strengthen compliance processes.
• Contribute knowledge of bank and fintech trends and emerging risks to the Compliance team.
• Participate in special department projects.
• Handle confidential and sensitive information with discretion and professionalism.
• Perform additional responsibilities as assigned by management or business needs.

Qualifications

Required

• 3 or more years of banking experience with a focus on regulatory compliance.
• Working knowledge of consumer and commercial banking regulations.
• Ability to collaborate with and influence colleagues at all levels in a matrixed environment.
• Ability to work in a fast-paced, team-oriented environment, manage priorities with a sense of urgency, and complete work accurately and on time with minimal supervision.
• Commitment to customer service and quality.
• Ability to handle confidential information with discretion.
• Must be detail oriented with excellent written and verbal communication and presentation skills.
• Proficient in Microsoft Office products, including Word and Excel.

Preferred

• Bachelor’s degree.
• Experience with fintech, embedded banking, or Banking-as-a-Service compliance.
• Professional compliance certification, such as CRCM, CAMS, or another relevant certification.

Employee must be able to perform essential functions of the position and, if requested, Thread Bank will make reasonable accommodations to enable employees with disabilities to perform the essential functions of their job, absent undue hardship, in accordance with the ADA. Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. 

All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job-related information.