Sr Compliance Independent Testing Analyst

About the role

The Senior Compliance Independent Testing (CIT) Analyst, operating under the oversight of the CIT Manager, plays a critical role within the Compliance and Internal Testing (CIT) team, which is part of the 2nd Line of Defense (2LOD) framework. This position is responsible for conducting independent testing and evaluations of the credit union’s compliance programs and internal controls, with a focus on more complex responsibilities that require advanced analytical skills and deeper knowledge of applicable regulations.

Responsibilities

• Conduct independent compliance testing to assess the effectiveness of the Credit Union’s compliance policies, procedures, and controls.
• Participate, with limited supervision, in the planning, fieldwork, and reporting phases of assigned Compliance Testing reviews.
• Identify the objective, scope and depth of testing through the review of the risks and controls identified in the Compliance Risk Assessment or any other means.
• Lead in the development and preparation of testing approach and other supporting workpaper documents to ensure testing sufficiently covers complex regulatory requirements and business unit activities that are in scope for the review.
• Schedule and participate in commencement and exit meetings with business unit leaders and stakeholders.
• Prepare draft finding summaries that specify the findings and recommendations for implementing control or process improvements.
• Obtain management agreement of findings through factually correct conversations.
• Obtain management corrective action plans with respect to any issues identified.
• Document findings and management action plans in accordance with the Credit Union’s Issue Management process.
• Perform follow-up to ensure timely completion of corrective actions and validate remediation activities for issue closure.
• Identify and recommend efficiency improvements to Compliance Testing processes.
• Provide support and guidance to newer members of the Compliance Testing team.
• Participate and perform other functions and special projects as assigned.

Requirements

• Maintain knowledge of and adhere to all applicable internal compliance policies and procedures and other internal policies and procedures applicable to role.
• Maintain knowledge of new and changing applicable compliance rules and regulations.
• Stay informed of changing regulatory requirements and the Credit Union’s business model that might impact the compliance framework and the Compliance Testing plan.

Qualifications

• Bachelor’s degree or equivalent work experience.
• 7+ years of Financial Services experience in consumer protection regulatory compliance, internal audit, external audit, financial services operations, or consumer protection compliance program development/evaluation.
• Extensive knowledge of compliance laws, rules, regulations.
• Ability to communicate at a management level (oral and written) and work well with others in a dynamic team environment.
• Ability to work independently with minimal direction and exhibit initiative.
• Organizational skills and ability to manage multiple contemporaneous matters.
• Comfortable operating on an unpaved road and dealing with ambiguity.
• Strong judgment of priorities and high integrity.
• Proficiency in Microsoft Word, Excel, and PowerPoint as well as Adobe Acrobat Pro and SharePoint.

Skills

• Effective oral and written communication skills required to prepare and present recommendations, perform analysis and accomplish other functions as required.
• Manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.

Benefits

This position offers competitive compensation, comprehensive benefits package, professional development opportunities, and a supportive work environment.

Pay

$103,100.00 - $116,000.00 annually

Schedule

Full-time, Monday through Friday, with occasional evening and weekend work as needed.