Senior Process Associate - Compliance

Key Responsibilities:

Conduct compliance testing and documentation in a professional and timely manner in accordance with compliance procedures and department standards.

Identify and assist in developing compliance testing work papers.

Collaborate with business representatives to validate monitoring or testing results and ensure remediation of findings.

Identifies process improvement opportunities based on analysis of testing conducted and recommends operational best practices.

Reviews operational practices and process, laws, and regulations applicable to the testing conducted and updates compliance testing work papers, as appropriate.

Conduct testing and periodic reviews of department procedures to ensure compliance with federal and state laws and regulations.

Conduct account level reviews and root cause analysis related to consumer inquiries and business-based matters.

Assists in ensuring records are in order and compliance with regulatory and internal retention guidelines.

Playing the role of SME (subject matter expert) and training the team members.

Demonstrates capability in gathering data and drawing conclusions on testing results.

Works towards or exhibits intermediate to proficiency of compliance testing design or theory such as independence, self-identification, and documentation standards.

Performs a variety of duties as required by the position and/or assigned.

Qualifications:

A self-starting individual

Masters/bachelors degree in commerce, Accounting, Engineering, Technology, other relevant fields.

2 to 6 years of experience in a financial institution is required.

Experience in compliance, particularly with consumer laws and regulations.

Sound knowledge of consumer lending products.

Demonstrated reasoning and critical thinking skills with the ability to define problems, collect data, establish facts, and draw valid conclusions to make recommendations to management.

Must maintain confidentiality and exercise discretion in performing daily duties.

Strong writing and presentation skills are required.

Excellent interpersonal and communication skills are necessary for maintaining effective relationships with employees and business unit management.