WEX · 1 day ago
WEX Bank Chief Compliance Officer
Midvale, UT
Full-time
Onsite
Director/Executive
$228K/yr - $261K/yr
10+ years expWEX Bank is a leading provider of financial solutions and payment services. They are seeking a highly experienced Senior Director, WEX Bank Chief Compliance Officer to lead the compliance team, ensuring adherence to banking laws and regulations while managing various compliance areas including AML and KYC.
Financial ServicesFinTechPaymentsSoftware
Responsibilities
Leadership: Lead the WEX Bank compliance organization, ensuring staffing, resource allocation, and compliance strategy development
Program Management: Manage the compliance program, including risk assessments, policies, training, monitoring, issues management, reporting, and ensuring regulatory compliance. Coordinate with internal and external auditors, review and disseminate audit reports, and manage projects assigned by the Audit Committee
Control Development: Manage WEX Bank's regulatory compliance controls and assist business functions in designing and implementing their own
Strategic Guidance: Provide independent compliance advice and thought leadership across WEX Inc. Mitigate regulatory risk and safeguard business growth by providing specialized compliance guidance and expertise for all of WEX's growth initiatives, including the Corporate Payments embedded product initiatives
Data & Analytics: Partner with relevant teams to ensure adequate compliance data, analytics, and monitoring capabilities
Industry Awareness: Maintain an understanding of relevant industry standards, best practices, and technologies
Compliance Culture: Promote a desired compliance-aware culture within the Bank
Complaint Management: Research, respond, and track regulatory and escalated complaints, implementing necessary remediation
Risk Management Framework: Maintain a compliance risk management framework with risk assessment, training, testing, and reporting
Policy Development & Maintenance: Maintain and assist in developing bank policies, presenting them to the Board if needed
Consumer Programs: Oversee compliance with consumer deposit programs, including third-party oversight, site visits, audits, and coordination during examinations
Bank Secrecy Act: Ensure Bank Secrecy Act (BSA) and global anti-money laundering (AML) compliance through daily monitoring, Suspicious Activity Report (SAR) filing, customer identification/due diligence, and adherence to global sanctions programs
Compliance Management: Lead and manage the Bank's comprehensive compliance program, encompassing risk assessments, policies, training, monitoring, issue resolution, and reporting. Work with Enterprise Risk to oversee second-line testing, collaborate with lines of business, manage a compliance advisor team, and chair/co-chair committees while providing insightful reports to leadership
Regulatory Engagement and Reporting: Navigate regulatory complexities by maintaining deep legal and regulatory knowledge, representing the Bank during interactions with authorities, and providing insightful compliance reports to management and the Board
Third-Party Risk Management: Manage the Bank's third-party risk program, designing and overseeing due diligence for complex partnerships, acting as a central contact for all third-party requests, and fostering strong vendor relationships while ensuring adherence to regulations
Community Reinvestment Act (CRA): Spearhead the Bank's CRA initiatives, ensuring regulatory compliance, managing the public file, fostering employee service participation, and leading the preparation of small business loan reports
Qualification
Required
Bachelor's degree in business or a related field
Minimum of ten years of experience in banking and compliance and leading a team of compliance professionals
5+ years of dedicated experience in B2B Payments compliance, including a deep working knowledge of Mastercard and Visa compliance frameworks
Proven track record of success in leading and managing compliance programs
Strong understanding of applicable regulatory requirements (e.g., BSA, AML, FCPA)
Excellent leadership, communication, and interpersonal skills
Ability to build strong relationships and influence stakeholders across various business units
Proactive, problem-solving approach with a commitment to continuous improvement
Experience working with external bank examiners
Compliance experience with cards and corporate payments
Preferred
Certified Regulatory Compliance Manager (CRCM) or equivalent certification
Benefits
Health insurance
Retirement savings plan
Paid time off
Dental and vision insurances
Health savings account
Flexible spending accounts
Life insurance
Disability insurance
Tuition reimbursement
Company
WEX
Wex is a financial technology service provider for fleet, travel and healthcare industries.
5001-10000 employees
H1B Sponsorship
WEX has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (22)
2024 (10)
2023 (12)
2022 (20)
2021 (14)
2020 (18)
Funding
Current Stage
Public CompanyTotal Funding
$900MKey Investors
Warburg Pincus
2025-02-25Post Ipo Debt· $500M
2020-06-30Post Ipo Equity· $90M
2020-06-30Post Ipo Debt· $310M
Leadership Team
Melissa Smith
Chair and Chief Executive Officer
Sachin Dhawan
Chief Technology Officer
Recent News
2026-01-03
2025-12-05
2025-12-02
Company data provided by crunchbase