Axos Bank

  • AVP, BSA and Compliance

    Job Locations US-CA-San Diego
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    Job ID
    Job Type
    Regular Full-Time
    Governance, Risk & Compliance
  • Description:

    Born digital, Axos BankTM has reinvented the banking model, growing to nearly $10 billion in assets in just 19 years. With a broad and ever-growing range of financial products, Axos Bank is rated among the top 5 online banks in the country! Axos Financial is our holding company and publicly traded on the New York Stock Exchange under the symbol "AX (NYSE: AX).   


    We bring together human insight and digital expertise to anticipate the needs of our customers. Our team members are innovative, technologically sophisticated, and motivated to achieve.   


    This position will report to the First Vice President of Third Party Risk & Compliance and will be primarily responsible for ensuring that assigned Strategic Partnership programs maintain compliance with banking regulations as well as all Bank requirements. This position involves planning, organization and execution of the Bank's day-to-day operational compliance activities related to assigned Strategic Partnership programs.

    Responsibilities include: 

    • Design, implement and oversee compliance monitoring and oversight activities for prepaid, credit, DDA, and business and consumer lending programs of third parties to test the compliance controls and procedures
    • Conduct due diligence on new third parties to help the Bank make risk-based strategic decisions on new products
    • Review new third party programs presented by partners to ensure they fit within Bank’s strategic direction and risk mitigations
    • Perform reviews and oversee personnel responsible for reviewing third party marketing materials for regulatory and Visa/Mastercard compliance, including identifying any UDAAP concerns
    • Complete Suspicious Activity Report (SAR) investigations when needed to ensure they are prepared completely and accurately, and all completed forms are filed with the appropriate government agency within the time frame mandated by Regulation
    • Ensure 314(a) requests are completed and notifications to FinCEN are completed within the time frame mandated by regulation 
    • Provide appropriate documentation and/or information when communicating with Law Enforcement 
    • Assist in educating various business units and third parties on risk and compliance, including but not limited to BSA/AML, due diligence/underwriting, multiple regulations, and applicable best practices
    • Work directly with various business units and third parties to ensure risk assessments are completed in compliance with regulatory requirements and bank policies
    • Monitor changes in applicable laws, regulations and industry related news or events for all relevant subject matter and completes gap analyses to determine impact, if any, on Bank operations, processes and procedures and recommend changes as needed
    • Produce management information reports for third party relationships and for senior management, designated committees and Board of Directors
    • Compile the preparation work for regulatory exams and external audits; manage remediation efforts as applicable

    Key Skill Sets or Knowledge Requirements:

    • Ability to read, analyze and interpret government regulations and other legal documents, as applicable
    • Experience managing multiple and/or shifting priorities, producing professional and accurate work under time constraints
    • Strong analytical, research and problem solving skills and the ability to analyze data
    • Excellent written and verbal communication skills and experience with internal and external parties
    • Dependability and willingness to take responsibility for one’s own work product
    • Strong PC technical skills and proficiency in MS Office

    Desired Career Experience & Education Requirements:

    • Experience with payment products, especially credit cards and consumer loan products
    • Knowledge of key banking regulations, especially the CARD Act and OCC 2013-29: Third Party Risk Management, strongly preferred
    • Strong knowledge of consumer (non-mortgage) lending regulations and best practices
    • Experience working with third party service providers, alternative financial services, and/or FinTech companies
    • 1+ year(s) managerial experience
    • Compliance and risk management oversight or audit experience
    • Bachelor's degree in business related field and/or 3 or more years of equivalent experience in Banking, Compliance and Risk Management, BSA/AML, Legal or Audit fields

    Apply directly for consideration as we are not using any outside agencies for any of our openings


    Job Functions and Work Environment:


    While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.


    The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.


    Equal Employment Opportunity:


    Axos Bank is an equal opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state and local laws.


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