Senior Compliance Analyst

About the role

Magnit Direct Sourcing on behalf of Toyota is hiring a Senior Compliance Analyst for a temporary assignment in Plano, TX. This is a 6 month contract.

Responsibilities

• Supporting the TFSB’s Compliance Department in executing the Bank’s Board-approved Compliance Management Program and executing the testing and monitoring program for the Bank’s deposits portfolio
• Developing testing and monitoring programs that effectively cover the intended scope and are aligned with the risks and objectives
• Providing both external and internal customers with consistent, value-added services and communication
• Performing on-going testing and monitoring and periodic compliance self-assessments and reviews in order to ensure that once products are in market that they remain compliant with applicable regulations
• Ensuring management meets the requirements of the Bank’s Board-approved Compliance Management Program, thereby ensuring satisfactory Compliance ratings from the FDIC
• Day-to-day compliance functions of a Compliance Management System for a deposits portfolio
• Executing reviews through on-going testing and monitoring of the Bank’s deposits portfolio and periodic self-assessments the Bank’s compliance with policies, procedures and practices established to ensure compliance with all applicable local, state and federal regulatory requirements
• Detects and reports to the CCO potential compliance problems and recommends changes or enhancements to improve existing policies and procedures or assists the affected business unit to develop new policies and procedures
• Prepares documentation that supports conclusions reached as a result of on-going testing and monitoring and compliance reviews
• Create and execute a testing and monitoring compliance program to ensure vendor performance and adherence to regulatory requirements and compliance policies and procedures
• Researches and develops analytical reports and solutions for identified business unit compliance problems
• Establishes controls to mitigate the risk of material errors
• Deliver and communicate findings resulting from assessments to all levels of management and the Board of Directors
• Review new and existing products, services and channels to evaluate compliance with applicable laws, regulations, and best business practices
• Conduct compliance risk assessments by identifying the key risks and assessing mitigating controls to determine the risk profile for the organization
• Leverage the results of the risk assessments to lead change within the organization
• Act as a representative of the Compliance Department to aid in regulatory change management, company projects and initiatives, and training as it relates to deposits
• Aid in researching and answering questions related to regulations impacting the business
• Maintain assigned Compliance policies and procedures to ensure alignment with regulatory and business updates as needed and annually, at a minimum
• Participate in compliance related training opportunities and continuing education in order to maintain high level of expertise and current knowledge of new compliance issues or regulatory developments
• Monitor internal and external compliance resources (FDIC website, FFIEC website, American Bankers Association website, etc.) to keep abreast of regulatory “hot topics” and changes
• Assist in compliance testing and monitoring of current and future regulatory obligations, regulatory exams, and audits

Qualifications / What You Bring (Must Haves)

• Minimum of 5 years progressive regulatory bank compliance experience
• Bachelor’s degree or higher
• Strong knowledge of the functions of a Compliance Management System for a deposits portfolio
• Advanced proficiency in MS Office (Excel, PowerPoint, Word)
• Independent analytical skills
• Excellent communication skills (verbal, written, listening)
• Proven ability to prioritize workload and balance multiple duties
• Independent and self-motivated, with proven ability to successfully interact and work well with others
• Ability and willingness to travel 10% of the time

Added Bonus

• If You Have (Preferred):
• Certified Regulatory Compliance Manager (CRCM) certification
• Experience with banking systems (Fiserv, Cenlar, LenderLive)
• Experience with Archer and Tableau
• Experience with verbal and written consumer complaint review and root cause trend analysis