Compliance Officer I – Compliance Testing Programs

Compliance Officer I – Compliance Testing Programs

Requirements

• Bachelor’s degree or equivalent work experience required.
• One to Three (1-3) years of Compliance Testing or equivalent work experience.
• Proficient in MS Office Products (Excel, Power Point, MS Word) with minimal assistance and supervision.
• Ability to communicate in both written and verbal formats confidently and effectively.
• Able to understand and conceptualize basic statistical analysis and theories.
• Regulatory knowledge of industry standards, federal, state, and local laws and regulations.

Responsibilities

• Conduct reviews of various processes, identifying regulatory compliance risk and testing controls to ensure they adequately mitigate risk.
• Execute testing responsibilities in accordance with CT Operating Procedures. Drive reviews with minimal oversight and assistance.
• Develop review timeline from planning to completion that aligns with, and allows for, the completion in accordance with the annual test plan.
• Conduct extensive research (regulatory, prior audits, previous compliance reviews, open issues, industry guidance, etc.) to understand testing environment and aid in development of testing scope.
• Ensure continuous improvement through the identification and implementation of industry best practices.
• Develop testing scope and corresponding documentation for review and approval from the compliance manager/director.
• Design test plan/scripts to complete required testing. Conduct walkthroughs as needed and request documentation according to CT Testing Standards.
• Actively evaluate opportunities to enhance testing methodology and results as part of our continuous improvement e.g. collaborate with data analytics to incorporate automation in to testing where applicable.
• Document testing performed by establishing and maintaining comprehensive workpapers that clearly describes the testing methodology and displays the testing results.
• Accurately identify exceptions/issues/process weaknesses and their root cause.
• Draft management reports, including root cause analysis and required corrective action.
• Work with the LOB and Compliance Partners to ensure corrective action is completed timely and that the action was effective in remedying the risk to an acceptable level.
• Contribute to the execution of compliance risk controls to insure effectiveness and timely resolution to minimize potential finding by external regulatory agencies or internal audit.
• Partner with Manager and/or Director to ensure timely responses to all Regulatory Examination Requests.
• Conduct and/or respond to peer quality reviews objectively, timely and accurately.
• Plan, organize, and lead meetings with CRM Senior Management (CCO and Senior Director Level) or LOB Equivalent.
• Attend and participate in departmental meeting including but not limited to, All Hands, lessons learned, and other team specific activities.
• Participates in continuing education programs to stay abreast of changing laws and regulations in the banking and financial industries.
• Assist with onboarding and training of new team members as requested.
• Delivers timely communications necessary to complete job responsibilities.

Preferred Qualifications

• Experience using PowerBi, PowerApps and SharePoint Online preferred.