Compliance Officer II - Testing & Analytics (Remote)

About the position This position is part of the Compliance Testing & Analytics team and performs complex compliance testing in various areas through interpretation of banking regulatory requirements, policies and procedures, data collection, gap analysis, reporting, and risk identification. The Compliance Testing & Analytics 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 leads the end-to-end compliance testing of relevant business areas with minimal supervision, including processes, internal controls, and substantive testing of transactions in conjunction with applicable laws and regulations to identify potential violations. Maintains expert knowledge of compliance risks and controls, bank operations, systems, and regulations to provide assurance to senior management over compliance status, including detailed knowledge of new and existing laws that impact enterprise activities; identifies strategies and efficiencies to mitigate compliance risk. Reports on issues identified for the business to enhance their processes or systems that improve the overall compliance controls environment. Provides a leadership role for less experienced analysts and consultants in the work group and leads special projects. This is a remote role that may be hired in several markets across the United States.

Responsibilities

• Executes compliance testing for the assigned areas by following Compliance Testing methodology from planning to reporting.
• Sources, validates, and interprets testing population and sample data.
• Analyzes process and transactional data for discrepancies and risks, and effectively communicates analysis output in support of issue findings.
• Uses compliance testing system to document and track the end-to-end work performed and follows the documentation standard to maintain an audit trail.
• Responsible for the quality of work produced and follows Compliance Testing process for review and sign-off for each stage of the testing.
• Maintains knowledge of laws, regulations, procedures, and policies that affect the assigned business area through ongoing research and industry involvement.
• Provides ongoing recommendations to Compliance Testing leaders on process improvement and challenges faced by the team.

Requirements

• Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking.

Nice-to-haves

• Familiar with well-known Controls and Risk Management Frameworks.
• General knowledge of consumer and commercial banking business, as well as the relevant regulations for Large Financial Institutions.
• In-depth knowledge of Fed and State regulatory requirements and the application to its compliance risk management program.
• Prior compliance testing or internal audit of compliance risks experiences.
• Professional designation in CIA/CISA/CRCM/CAMS and/or statistical data analysis skills a plus.
• At least 3 years of financial services compliance monitoring, auditing, risk management, or compliance experience.
• At least 2 years of experience analyzing or working with data from various sources, and data analytics to drive innovation and make recommendations.
• Proficiency with MS Office Suite, tools for Auditing/Testing, process documentation, data analytics/visualization, and GRC.
• Experience with communicating complex topics to various audience levels (verbal and written).
• Knowledge of technology solutions to improve the way testing is done (Robotics Processing Automation, Optical Character Recognition, Natural Language processing).

Benefits

• Comprehensive benefits program for full-time associates (20+ hours), including customized offerings designed to support families.
• Variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Apply tot his job Apply To this Job