Chief Compliance Officer (ILC)

Job Title: Chief Compliance Officer (CCO)

Organization: Sezzle Bank ILC

Location: On-site – Utah (Location Required and relocation package available)

Position Type: Full-Time, Executive

Reports To: Chief Executive Officer (CEO)

Secondary Reporting: Board Risk and Compliance Committee

About Sezzle Bank ILC

Sezzle Bank ILC is a de novo Industrial Loan Company (ILC) in formation, wholly owned by Sezzle Inc., a leading fintech company known for its innovative and ethical approach to financial services. Headquartered in Utah, Sezzle Bank will operate with a strong focus on consumer lending, compliance, and sustainable growth. As we finalize our senior leadership team, we are seeking a highly qualified Chief Compliance Officer (CCO) to build and lead the Bank’s risk and compliance functions from inception.

Position Overview

Sezzle Bank ILC is seeking an experienced Chief Compliance Officer to establish and maintain an enterprise-wide risk management and compliance framework that aligns with regulatory expectations and the Bank’s strategic goals. The CCO will be responsible for managing all aspects of risk — including credit, market, liquidity, operational, compliance, legal, and technology risks — and for ensuring the Bank’s full compliance with applicable laws and regulations.

A strong background in the Bank Secrecy Act (BSA) is required. The ideal candidate will have proven experience overseeing BSA/Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) programs in a regulated financial institution, and demonstrated ability to design and operationalize effective risk and compliance programs in coordination with senior leadership and regulators.

This is an on-site role based in Utah.

Key Responsibilities

Enterprise Risk Management

• Design, implement, and oversee a comprehensive second-line risk management framework.
• Identify, assess, monitor, and report on all categories of risk, including credit, liquidity, market, operational (including legal, compliance, and technology), and model risk.
• Define and enforce enterprise-wide risk appetite, risk limits, and escalation procedures.
• Serve as the principal advisor to the CEO and the Board Risk and Compliance Committee on risk matters.
• Identify and evaluate emerging risks, particularly in relation to new products, services, or markets.

Compliance Oversight

• Supervise the Compliance Officer, who will lead the Bank’s consumer compliance program and serve as the Community Reinvestment Act (CRA) Officer.
• Ensure adherence to all federal and state compliance regulations, including fair lending, UDAAP, ECOA, HMDA, and more.
• Oversee implementation of complaints handling, compliance training, and monitoring programs.
• Bank Secrecy Act / Anti-Money Laundering (BSA/AML) Program
• Supervise the BSA Officer, who will be responsible for:
• Developing and maintaining the Bank’s BSA/AML and OFAC policies and procedures.
• Conducting institution-wide BSA/AML/OFAC risk assessments.
• Ensuring operational effectiveness of all controls related to BSA/AML and sanctions compliance.
• Coordinating training, regulatory reporting (e.g., SARs/CTRs), and system monitoring.
• Ensure timely and accurate reporting to the Board and regulators on the health of the BSA/AML/OFAC program.

Cybersecurity and Technology Risk

• Oversee the Bank’s Chief Information Security Officer (CISO) and ensure the protection of customer data and the integrity of information systems.
• Monitor cybersecurity risk and ensure proper governance and incident response protocols.

Model Risk and Governance

Develop and manage a model governance framework, including model risk policies, inventory, validation, and documentation standards.

Regulatory and Audit Engagement

• Serve as the Bank’s primary contact with regulators for all risk and compliance-related matters.
• Prepare for and respond to regulatory examinations and inquiries.
• Support internal and external audit processes and oversee remediation of findings.

Strategic and Operational Leadership

• Ensure risk and compliance frameworks support business strategy and regulatory expectations.
• Develop strong working relationships with business units to provide insight and support on risk and compliance matters.
• Report to and advise the Board Audit / Risk and Compliance Committee, including regular updates on key risk indicators, regulatory changes, and program enhancements.

Qualifications

Required:

• Must reside in or be willing to relocate to Utah (on-site presence required).
• Minimum of 10 years of experience in financial services risk and compliance, with at least 5 years in a senior leadership role.
• Demonstrated expertise in BSA/AML and OFAC compliance, including program management and regulatory interaction.
• Strong knowledge of applicable banking laws and regulations, including FDIC, FRB, FinCEN, and Utah state regulatory frameworks.
• Experience managing or overseeing Compliance Officers, BSA Officers, and information security functions.
• Exceptional communication skills with the ability to engage effectively with regulators, Board members, and cross-functional leaders.

Preferred:

• Prior experience with a de novo bank, ILC, or fintech-bank hybrid.
• Regulatory background or direct engagement with federal/state examiners.
• Professional certifications such as CRCM, CAMS, or CIA.
• Familiarity with model risk management and validation frameworks.

Compensation & Benefits

Competitive executive compensation package including base salary, performance bonus, and equity incentive.

How to Apply

To apply, please submit your resume and a brief cover letter to [email protected] Confidentiality is assured. Candidates selected for further review will be subject to regulatory background checks and qualifications assessments in accordance with FDIC and state ILC requirements.