Our client, a Leading Bank, is looking for a Business Unit Risk and Compliance Analyst to join their growing team.
19th July, 2022
Locations: Auburn Hills, MI or Dallas, TX
The Business Unit Risk and Compliance Analyst position provides oversight of compliance, audit and regulatory reviews and acts a primary point of contact for business units, Corporate Compliance and management. This position is responsible for providing regulatory expertise to team members and business units, executing transaction and control testing to ensure compliance with applicable regulations and is responsible for issue and change management identification and remediation including those that result from implementation of new regulations.
Testing and Oversight
Ensure key regulatory timelines and required documents are tested in line with documented test scripts.
Review fraud files for Reg E Compliance; monitors customer service calls; tests for stop payment placement within regulatory guidelines; performs additional testing as required; reports findings to management.
Perform Reg V testing and oversight to ensure compliance with Change of Address requirements and review of resulting dispute cases for proper adjudication.
Engage with lines of business to promptly remediate control exam and audit findings)Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk.
Develop and implement new testing practices to address regulatory changes and post issue remediation efforts to ensure root cause remediated.
Develop analyses and reporting of compliance statistics and trends to support third party processor discussions.
Present results of compliance and control testing activities verbally and in writing to business unit(s) and third-party processors as required.
Policies, Processes, and Procedures
Monitor and interpret policies, processes and procedures for assigned business units and support with updates/changes as required pending change and issue remediation, new/enhanced regulations and controls.
Recommend ways to enhance testing and reduce testing turnaround times while balancing operational risk.
Analyze and make recommendations on department policies, processes and procedures.
Partner with the business unit(s) to ensure all processes and procedures are in compliance with policies and federal regulations.
Committees and Special Projects
Management of and/or participation in medium to large sized projects related to risk and compliance.
Work collaboratively with business units and others on the implementation of new regulations.
Represent the business on risk and compliance committees as assigned.
Training and Reporting
Develop subject matter expertise on Reg E and Reg V.
Act as a resource for business units; educate and train business unit(s) on risks impacting them or their third-party processors.
Ensure compliance training requirements are properly communicated and completed.
Bachelor's Degree or High School Diploma or GED and 8 years of Technology or Risk experience
4 years of experience with financial, regulatory, and audit issues
4 years of experience developing and implementing internal controls, policies, and procedures