Job description

Merrick Bank employees share in our mission to delight our customers and empower underserved consumers to achieve their credit goals. In return, we delight our associates; ensuring they are noticed, heard, appreciated and understand the importance of their role(s). For over 20 years, our Guiding Principles of; doing the right thing, putting the customer first, and Earn, Learn, Have Fun (aka E.L.F.), have defined who we are as an Employer of Choice. Give Yourself Credit, Work at Merrick!

The Specialist I, Risk Assessments and Change Management position serves on a team of risk management professionals to develop, implement, and maintain the various aspects of the Bank's Compliance Management System. This includes ongoing maintenance of Compliance policies and procedures, risk assessments, and regulatory change management activities to ensure the Bank adheres to the requirements of all applicable laws and regulations, industry standards, and risk management practices.

Essential Functions:
As directed by the Senior Compliance Manager and/or Chief Compliance Officer:

• Assist in the overall implementation and management of the Bank’s Compliance Management System.
• Participate in new product development, system initiatives and other projects to ensure potential compliance related issues are adequately addressed. Make recommendations to adjust the compliance training initiatives, testing and monitoring initiatives, and risk assessments, if appropriate.
• Identify control weaknesses or gaps and work with department managers, internal sponsors, and third-party management to address deficiencies.
• Assist with impact assessments of federal and state regulatory changes to determine impact to the Bank. Assist in determining appropriate responses and communicating key requirements and recommended actions to various business units within the Bank.
• Assist with the implementation of new compliance related processes and special projects.
• Maintain compliance related policies and procedures to ensure continued applicability and accuracy.
• Advocate for enhancements to products, processes, procedures and services to ensure transparency and value for the consumer.
• Report to the Chief Compliance Officer on any suspect violations of law, regulations or non-compliance to Company policy and take responsibility to ensure resolution.
• Assist in preparing material and resources for regulatory examinations.
• Demonstrate an ability to adapt to any changes in the regulatory environment.
• Participate in mentorship programs as assigned.
• Perform other compliance related duties as assigned by the Compliance Risk Manager and/or Chief Compliance Officer.

Compliance with Laws & Regulations:

• Responsible for complying with all of the Bank’s internal control policies and procedures.
• Responsible for understanding and complying with all laws and regulations to which the Bank is subject.
• Responsible for communicating problems in operations, noncompliance with the code of conduct, noncompliance with laws and regulations, policy violations, or illegal acts.

Education and Experience:

• 2-5 years of progressive compliance and regulatory banking experience or equivalent educational or banking experience.
• Preference given to candidates with experience in Regulatory Change Management functions and/or systems.
• Preference given to candidates with experience in the administration and management of compliance risk assessments.
• Prior project management experience is preferred.
• Experience with RSA Archer is preferred.
• Preference is given to candidates with relevant industry certifications.

Summary of Qualifications:

• Strong critical thinking and analysis skills.
• Basic working knowledge of banking laws and regulations.
• Working knowledge of MS Excel, Word, and PowerPoint required.
• Intermediate communication skills are required – must be able to communicate clearly and collaborate closely with upper management, peers, and third party vendors. Communications must be clear, concise, understandable and organized.
• Intermediate organizational skills with ability to analyze, interpret, and report on compliance and risk-related information.
• Effective planning, organizational, time management, and problem-solving skills.
• Ability to work effectively under pressure. Capable of handling a variety of assignments simultaneously. Flexibility and willingness to work at a rapid pace in strict time frames.
• Professional demeanor and appearance are necessary. Exhibit diplomacy and patience when dealing with co-workers and others.
• Ability to work independently and with limited direct or continuous supervisory support.

Who is Merrick Bank? Founded over 20 years ago, Merrick Bank is a FDIC-insured Utah Industrial Loan Bank that originates loans with the benefit of low-cost deposit funding. Merrick Bank had $4.5 billion in assets and $3.1 billion in deposits as of March 31, 2021. Merrick Bank operates four main business lines: Credit Cards, Recreation Lending, Personal Loans and Merchant Acquiring.

Our Valued Employees are provided generous benefits, including:

• Competitive Pay
• Benefits Package -Medical, Dental and Vision (plus much more)
• 401(k) Plan with Company Match
• Short & Long Term Disability
• Group Life and AD&D Insurance
• Paid Vacation, Holidays, and Personal Days
• Employee Events, including Employee Appreciation Day, Holiday Party, etc.
• Tuition Reimbursement Program

Candidates must have unrestricted authority to work in the United States without sponsorship.

Merrick Bank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, national origin, disability, veteran status, and other legally protected characteristic.
Merrick Bank will do a thorough background check for all hires. The EEOC Law poster is available here: http://www1.eeoc.gov/employers/poster.cfm Please go to our website www.merrickbank.com to apply and learn more about our company.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work Location: Hybrid remote in South Jordan, UT 84095

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