Compliance Officer I - Compliance Testing and Practices (Remote)

Overview

This is a remote role that may be hired in several markets across the United States. This position is part of the Compliance Testing and Practices team and performs complex research and analysis in support of Compliance Testing reviews. Research and analysis include interpretation of banking regulatory requirements, policies and procedures, data collection, reporting, and risk identification. The Compliance Testing and Practices team is part of the Second Line of Defense Corporate Compliance function responsible for developing and executing the Compliance Risk Management Program of the Bank, which includes implementation of complex regulatory requirements that impact multiple systems, processes, and clients. This role provides UDAAP support and testing recommendations to the Compliance Testing teams for relevant Compliance testing reviews. In addition, this role may lead targeted UDAAP testing engagements with minimal supervision, including processes, internal controls, and substantive testing of transactions in conjunction with UDAAP risk to identify potential violations. May also assist with additional complex research and documentation as part of the pre-planning process for Compliance testing reviews. Maintains knowledge of compliance risks and controls, bank operations, systems, and regulations to provide assurance to senior management over compliance status, including knowledge of new and existing laws that impact enterprise activities; identifies strategies and efficiencies to mitigation compliance risk. Reports on issues identified for the business to enhance their processes or systems that improve overall compliance controls environment

Responsibilities

• Compliance Expertise: Maintains knowledge of laws, regulations, procedures, and policies that affect the assigned business area through ongoing research and industry involvement. Acts as a resource of Subject Matter Expertise for the areas tested, providing inputs and expertise for complex areas.
• Change Management and Continuous Improvement: Can quickly adapt to changes in a fast-developing environment. Provides ongoing recommendations to Compliance Testing Director on process improvement and challenges faced by the team. Keeps a growth mindset and drives candid and open conversations with leaders for personal and team development.
• Data Analysis: Sources, compliance, and interprets data. Performs advanced analysis, effectively communicating and directing analysis output.
• Reporting: Produces reports based on data analysis, industry trends, and process capabilities. Conveys patterns, problems, and areas of improvement. May develop process enhancements based on reporting. Conducts methods of tracking progress and performance. Conveys results of tracking to appropriate parties through reports or other documentation.
• End-to-End Testing: Executes compliance testing for the assigned areas by following Compliance Testing methodology from planning to reporting. Detailed work includes, but is not limited to, regulation mapping, scoping and planning with key stakeholders and compliance advisors, risk and control identification, walkthrough with process and control owners in focus areas, following a risk-based approach in designing test plans, executing design and operating effectiveness testing, debriefing with issue owners and senior management issues and observations, and reporting on findings.

Qualifications

Bachelor's Degree and 4 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 8 years of experience in Compliance, Legal, Audit, Banking License or Certification Type: Certified Anti-Money Laundering Specialist (CAMS) Preferred, Certified Anti-Money Laundering and Fraud Professional (CAFP) Preferred, Certified Regulatory Compliance Manager (CRCM) Preferred, Certified Information Privacy Professional (CIPP) Preferred

Preferred Qualifications

• Thorough understanding of UDAAP/UDAP related risks and regulatory expectations and their applicability to a financial institution.
• General knowledge of consumer and commercial banking business, as well as relevant regulations for Large Financial Institutions (e.g., lending, deposits, payments, banking operations, data privacy).
• Prior compliance testing or internal audit of compliance risk.
• Proficiency with MS Office Suite, tools for Audit/Testing, process documentation, data analytics/visualization, and GRC tools.
• Experience communicating complex topics to various audience levels (verbal and written).
• This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $94,000 and $125,000. Actual starting base pay will be determined based on skills, experience, location, and other non- Apply tot his job Apply To this Job