Compliance Tester III

Overview

The Principal Compliance Tester III performs a key second line of defense role to help ensure corporate initiatives, departmental processes, and applicable lines of business comply with enterprise regulatory requirements. Working under the guidance of a team leader, the Principal Tester III will execute complex, risk-based compliance transaction testing. The primary purpose of this role is to independently validate business line adherence to both Anti-Money Laundering (AML) laws and consumer regulations—including but not limited to the BSA, USA PATRIOT Act, PCMLTFA, and Regulations CC, D, DD, E, and FCRA.

Key Responsibilities

• Execute targeted, complex, risk-based transaction testing for various lines of business in alignment with team methodology and Independent Compliance Transaction Testing (ICTT) procedures.
• Develop, continually validate, and improve test plan designs; suggest strategic changes to testing methodologies and perform high-risk testing as needed.
• Drive innovative ways to approach testing by demonstrating a deep understanding of testing frameworks, business processes, control environments, and related regulatory standards.
• Obtain and analyze test data from multiple sources, systemically documenting work and results by leveraging job aids and documented test protocols.
• Support and initiate efforts to improve data sourcing by partnering with Business and IT areas to develop improved, automated, or more reliable data pipelines.
• Ensure impeccable record-keeping by systematically retaining documents that substantiate test results with a high level of accuracy.
• Formally submit test results into the system of record (PRIME).
• Manage assigned testing schedules and concurrent timelines to ensure all tasks, documentation, and reporting are completed within established timeframes.
• Review transaction tests and deliverables executed by peers to ensure accuracy, quality assurance, and adherence to established test procedures.
• Work cooperatively and effectively with supporting team members to meet broader departmental goals.
• Establish and maintain strong, collaborative relationships with Compliance Advisors, the Risk Office, and Business Areas, ensuring engagement with the proper points of contact throughout the testing lifecycle.
• Communicate test results clearly and effectively to Advisors, Business Areas, and Compliance Officers.
• Provide robust support for ICTT and Compliance audits and regulatory examinations as needed.

Qualifications

• High School Diploma, GED, or equivalent certification.
• At least 2 years of experience in compliance testing, compliance monitoring, quality assurance, audit, or financial investigation.
• Bachelor’s degree.
• At least 3 years of compliance testing or auditing experience specifically related to AML laws and regulations.
• Strong working knowledge of both US and Canadian laws and regulations as they relate to AML, Sanctions, Fair Lending, Privacy, or vertical testing areas.
• Deep familiarity with consumer regulations (e.g., Regulations CC, D, DD, E, and FCRA) and filing requirements (SAR, CTR, and/or STR).
• Exceptional problem-solving, conceptual thinking, and time-management skills, with the ability to manage multiple tight deadlines with high attention to detail.
• Strong communication and stakeholder management skills.
• Professional certification such as CAMS, CFE, CRCM, or CFCS.