Director of Affiliate and Third Party Risk Oversight
We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves?
The Ford Motor Credit Company (“Ford Credit”) has received the regulatory conditional approval to form Ford Credit Bank(“the Bank”) to be headquartered in Salt Lake City, Utah.
The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, EV Infrastructure and software and will accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Credit, an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).
The people of Ford Credit have a 60-year commitment to helping put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service, and professional expertise to five thousand dealers and more than four million customers in over 100 countries around the world.
The proposed Bank will be a strategic addition to Ford Credit and is key to providing the capabilities needed to meet the financing expectations of Ford customers. If you’re customer-focused, driven and seeking the opportunity to experience exciting challenges and growth, look no further.
The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank.
Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely.
Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience.
In this Position…
The Position The ATPRM Director will be responsible for developing, implementing, and managing all aspects of the Bank’s Affiliate Transaction and Third-party risk management programs. The position will report directly to the Bank’s Chief Risk Officer and chair the ATPRM Committee. The ATPRM Director will ensure the programs function with a high level of compliance with Regulation W, internal policies, and federal regulatory expectations. The Director is required to be knowledgeable and skilled in the areas of affiliate transactions and third-party risk and be able to independently assess associated risk and develop effective risk management programs.
What You’ll Do…
• Coordinate the development and implementation of the Bank’s Affiliate Transaction and Third-party risk management programs to align with the Bank’s risk appetite and comply with Sections 23A and 23B of the Federal Reserve Act and Regulation W
• Establish and maintain effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures
• Develop a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts
•Develop a framework to perform Third-party supplier risk assessments to ensure compliance with Bank policy
•Develop and maintain Affiliate Transaction and Third-party risk-related monitoring, reporting and escalation processes and system sand serve as the subject matter expert in all activities related to affiliate transactions and third-party risk
•Consult and help design first line operational Affiliate Transaction and Third-party risk reporting and controls
•Act as the primary contact for regulatory examinations, internal audits, and external audits of the ATPRM programs. Respond to exams and audit concerns and coordinate corrective action of all related findings
•Establish an Anti-Tying program, which include monitoring, reporting and escalation procedures and processes to ensure regulatory and bank policy compliance
•Coordinate and deliver Affiliate Transaction, Third-party risk management, and Anti-Tying related training to directors, management, and employees to ensure integration of an Affiliate Transaction and Third-party risk mindset throughout the Bank
• Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews
• As part of the risk assessments evaluate existing controls and recommend new control requirements, where applicable
• Recommend enhancements to the policies and standards, where applicable
• Review and challenge the overall risk control environment for Affiliate Transaction and Third-party risk
• Oversee activities of the ATPRM team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives
• Represent the Bank in civic and community reinvestment functions
You’ll Have…
• Bachelor’s degree preferred
• 10+ years of banking experience
• A minimum of 2 years’ experience as an Affiliate Transaction and Third-Party Risk Manager
• Advanced knowledge of lending interagency regulations and applicable state laws
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information
• Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives
You may not check every box, or your experience may look a little different from what we’ve outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder…or all of the above? No matter what you choose, we offer a work life that works for you, including:
• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.
This position is a leadership level 5.
For more information on salary and benefits, click here: BENEFITS (https://fordcareers.co/LL5)
Visa sponsorship is not available for this position.
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
This position is hybrid. Candidates who are in commuting distance to a Ford hub location will be required to be onsite four or more days per week. #LI-Remote #LI-MN1 #FMCC
Requisition ID : 45751