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Udaap Jobs in Ohio (NOW HIRING)

3B Staffing LLC

Senior Test Manager

Columbus, OH · Hybrid

UDAAP * The Gramm-Leach-Bliley Act Responsibilities: * Develop and oversee the implementation of comprehensive testing strategies and plans to ensure the quality and reliability of software products.

MRINetwork Jobs

Compliance Officer

Hillsboro, OH

$90K - $100K/yr

UDAAP * Advertising and Marketing compliance, including CAN-SPAM * Consumer complaints management * Vendor management * Subpoenas, garnishments, and levies * BSA/AML/Fraud oversight exposure ...

AA2IT

Senior Test Manager

Columbus, OH · On-site

... UDAAP • The Gramm-Leach-Bliley Act Responsibilities: • Develop and oversee the implementation of comprehensive testing strategies and plans to ensure the quality and reliability of software ...

First Financial Bank

Senior Bank Counsel

Cincinnati, OH · On-site

$133.80K - $181.80K/yr

Familiarity with laws governing consumer products (Reg DD, Reg E, Reg D, Reg CC, UDAAP, Reg P, FCRA, TCPA, Reg Z, and Reg B. * Ability to concisely and effectively communicate complex matters in oral ...

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Udaap information

What are the key skills and qualifications needed to thrive as a UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) Compliance Specialist, and why are they important?

To thrive as a UDAAP Compliance Specialist, you need a deep understanding of consumer protection laws, risk assessment, and regulatory compliance, often supported by a degree in law, finance, or a related field. Familiarity with compliance management systems, regulatory research tools, and certifications like Certified Regulatory Compliance Manager (CRCM) is highly valuable. Strong analytical thinking, attention to detail, and effective communication skills help you interpret regulations and educate stakeholders. These skills ensure organizations remain compliant, avoid legal penalties, and uphold fair treatment for consumers.

What are some common challenges faced by professionals working in UDAP (Unfair, Deceptive, or Abusive Acts or Practices) compliance roles?

Professionals in UDAP compliance roles often navigate the challenge of interpreting broad and evolving regulations to ensure their organization avoids practices that could be deemed unfair or deceptive. They must stay updated on regulatory guidance and enforcement actions, which can shift with changes in laws or regulatory priorities. Collaboration with legal, risk, and business units is crucial to proactively identify and mitigate potential compliance issues. Additionally, UDAP specialists often educate employees across departments, ensuring consistent understanding and application of policies throughout the organization.

What are UDAAP and why are they important in the financial industry?

UDAAP stands for Unfair, Deceptive, or Abusive Acts or Practices. These are standards set by regulatory agencies, such as the Consumer Financial Protection Bureau (CFPB), to protect consumers from harmful behaviors by financial institutions. UDAAP regulations are crucial because they ensure that consumers are treated fairly, that products and services are transparent, and that companies do not engage in practices that could exploit or mislead customers. Compliance with UDAAP helps organizations avoid legal penalties and maintain trust with consumers.

What is the difference between Udaap vs Data Analyst?

AspectUdaapData Analyst
Required credentialsTypically a background in data analysis, statistics, or related fieldsBachelor's degree in data science, statistics, or related disciplines
Work environmentTech companies, digital marketing, or analytics firmsBusiness, finance, healthcare, and various industries
Employer usageUsed for analyzing user data, app performance, and digital marketing metricsUsed for interpreting data, creating reports, and supporting decision-making

Udaap and Data Analyst roles share overlapping skills in data analysis and require similar educational backgrounds. However, Udaap focuses more on analyzing user data within digital platforms, while Data Analysts often work across diverse industries to interpret data and generate insights. Both roles are essential in data-driven environments but serve different specific functions.

What are popular job titles related to Udaap jobs in Ohio? For Udaap jobs in Ohio, the most frequently searched job titles are:
What job categories do people searching Udaap jobs in Ohio look for? The top searched job categories for Udaap jobs in Ohio are:
Udaap jobs near you
Senior Payments Division Compliance Analyst

Senior Payments Division Compliance Analyst

Sutton Bank

Columbus, OH • On-site

Full-time

Posted 13 days ago

Job description

Summary:
Responsible for partnering effectively with key stakeholders throughout the bank in establishing and maintaining policies and procedures aimed at driving compliance with applicable laws, rules, regulations, and industry standards. Responsible for identifying and implementing effective compliance solutions for complex banking products and services.
Qualifications:
Education: Bachelor's Degree is required, and an advanced degree is a plus.
Licenses/Certifications: Certified Regulatory Compliance Manager (CRCM) is a plus, but not required.
Experience: Five years of relevant compliance experience working in the financial services industry, preferably in a regulated bank environment. Or equivalent combination of education and experience.
Essential Functions:
A: Job Specific:
  • Identifies and regularly advises on effective compliance solutions involving highly-complex laws, regulations, and business concepts.
  • Engages in effective written and verbal communications, including with key business partners, external partners, and regulators, with a particular emphasis on the ability to explain complex concepts in clear and understandable terms, and the ability to draft understandable, actionable, and sustainable policies and procedures
  • Exhibits in-depth knowledge of relevant laws and regulations, including, as applicable, the Electronic Funds Transfers Act and Regulation E; the Gramm-Leach-Bliley Act, Regulation P, and applicable state privacy laws; state and federal prohibitions against unfair, deceptive or abusive acts or practices (UDAP/UDAAP) in the offering, delivery, or servicing of consumer financial products and services, including regulations and guidance issued and enforced by the CFPB; and anti-money laundering (AML) requirements, including the Bank Secrecy Act, the OFAC regulations, and other applicable sanctions screening requirements.
  • Performs ongoing compliance monitoring of internal and third-party activities, including by assisting in development of, and reviewing and advising on, compliance-related business reporting.
  • Facilitates regulatory change management and risk assessment practices.
  • Partners closely with Legal staff and Compliance peers.
  • Develops, reviews, and monitors the timely completion of appropriate compliance training.
  • May be called upon to handle compliance duties outside of core responsibilities as needed.
  • Embraces and practices the highest applicable ethical standards of behavior, including by modeling the Sutton Bank Service Excellent Elements.
  • Tracks issues to completion and ensures and validates that appropriate corrective action has been implemented within specified timeframes.

Knowledge/Skills/Abilities:
  • The ability to communicate effectively and clearly, both in verbal and written communications, as well as, present information to groups of managers, employees, customers, etc.
  • Excellent interpersonal skills.
  • Strong knowledge of the business area that is being supported.
  • Self-directed and motivated.
  • The ability to manage multiple tasks and meet deadlines.
  • Ability to define problems, collect data, establish facts and draw valid conclusions.
  • Ability to multitask, effectively identify potential risks to escalate when necessary.
  • Excellent attention to detail.
  • Knowledge of relevant laws, regulations, and supervisory expectations.
  • Able to understand and translate banking regulatory laws, regulations, guidance and expectations into understandable and effective advice.
  • Knowledge of and ability to work effectively in a banking environment.

Sutton Bank is an All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.

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