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Payment Services Compliance Specialist - Default Servicing

Company: US Bank
Location: Fort Lauderdale
Posted on: June 24, 2022

Job Description:

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

The Compliance Risk Specialist will develop and maintain knowledge of the state and federal regulations applicable to Credit Card collections line of business. They will identify and evaluate compliance risks and work collaboratively on risk mitigation strategies with both the First Line of Defense (FLOD) and Second Line of Defense (SLOD) stakeholders. The Compliance Risk Specialist will review and approve internal and external compliance material prior to implementation, review and approve business line submissions through the Compliance Approval Tool (CAT), review and approve business line procedures and processes, perform Product Risk Management Process (PRISM), Enterprise Compliance Risk Assessment (ECRA) reviews and required risk mitigation follow up, participate in Regulatory Change Management(RCM). Oversee compliance issues throughout the Issue Management lifecycle and consult with Regulatory Specialists as needed.

Primary Responsibilities

* Operate in accordance with the Compliance Risk Management Specialist (CRMS) Operating Manual.

* Have appropriate knowledge and staying current on the details of applicable compliance risks and how they apply to our assigned business lines.

* Stay current on the business line products, services, processes, distribution channels, organizational structure, and related compliance risks.

* Maintain relationships with Law Division counterparts for assigned business line and other oversight teams.

* Engage regularly with assigned business line Chief Risk Officer representatives to identify and manager compliance risk.

* Assigning regulation applicability to products and services within assigned business line.

* Other projects as assigned, including Regulatory Change Management projects applicable to state law.

Basic Qualifications

* Bachelor's degree or equivalent work experience

* Seven to ten years of applicable work experience

Preferred Skills/Experience

* Minimum 5 years' experience with credit card industry - prior experience with collections or credit card company or professional services' firm (e.g., law firm).

* Expertise in credit card collections activities

* Consumer regulatory and compliance specialization within banking and financial services

* Excellent verbal and written communication skills

* Project-oriented, with demonstrated effective performance in a fast-paced, changing environment

* Advanced degree/ certification, such as an MBA, Juris Doctor, and/or CRCM

* Considerable knowledge of government and consumer regulatory laws and regulations impacting the credit card industry


If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.


Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting

EEO is the Law

Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.


U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $95,540.00 - $112,400.00 - $123,640.00

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

Keywords: US Bank, Fort Lauderdale , Payment Services Compliance Specialist - Default Servicing, Other , Fort Lauderdale, Florida

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