Analyst-Compliance

Description

 

This position will be specifically dedicated to the Independent Compliance Testing (“ICT”) team supporting the Global Risk and Compliance Monitoring & Testing (M&T) function. A successful candidate will have audit or compliance testing experience within a large bank and a focus on control design and effectiveness. The Analyst will perform testing and provide support to the Managers and Directors leading the ICT reviews, including:

Responsibilities

• Key Responsibilities:

  • Assist Managers/ Directors in the execution of assigned M&T tasks in department standards, methodology, budgets, and deadlines for all phases of the testing including planning, fieldwork, reporting and wrap-up. 

  • Interview client personnel of all levels to document, understand, and assess process effectiveness, Compliance risks and controls, including control design and effectiveness. 

  • Assist in the management of routine client status meetings, testing requests, and other administrative tasks.

  • Assist in the documentation and evaluation of M&T observations and findings and subsequent validation of management’s actions taken to address such findings. 

  • Work on simultaneous integrated M&T projects for different leaders.

  • Develop and document ideas for analytical control testing to expand the breadth and depth of testing coverage.

  • Develop familiarity with Compliance risk across all lines of businesses, globally.

  • Utilize department and company tools in a proficient manner.

  • Maintain internal M&T competency through ongoing professional development.

Qualifications

• Required Qualifications:

  • 3 years of experience in audit, monitoring and testing, or risk management in the financial services, banking, or card products industries. 

  • Bachelor of Art/Science or equivalent degree 

  • Experience and competency in the assessment of risks, control design and effectiveness and process assessment

  • Strong written and verbal communication skills.

  • Strong  regulatory knowledge of consumer compliance and a strong desire to learn relevant regulations.

  • Strong knowledge of issue management and risk system management.

  • Self-starter along with passion for continuous innovation with a view to drive organizational improvements and impacts.

  • Ability to work with unstructured tasks/ risk pillar and provide a structured output. 

  • Experience in analyzing data, interpreting results, identifying potential discrepancies and/or risk and experience with data analytics tools and data visualization. 

  • Ability to break down a complex problem into components, solve them by potentially using data analysis, process knowledge and risk/control knowledge, and communicate data analysis, issues and control recommendations with transparency and integrity.

  • Possess a strong understanding of banking systems and processes, strong computer knowledge, and excellent MS Word, Excel, Visio, and PowerPoint skills.

  • Excellent storytelling and visualization skills

  • Demonstrated integrity, innovation, teamwork, and excellence

   

   

  Preferred Qualifications

  • Proficiency in Fair Lending, Financial Crimes, marketing offer fulfillment and UDAP/UDAAP requirements, Privacy, Compliance Risk Assessment, general regulatory knowledge, issue management, and risk system management.

  • Advanced degree in Accounting, or another related field.

  • Relevant M&T and compliance professional certifications are preferred (Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA) etc.) Certified Fraud Examiner (CFE) etc.;

  • Interest in working with data, interpreting results, analytic best practices and experience with data analytics tools and data visualization is a plus.