Apply for the Compliance Monitoring and Testing Consultant position
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Pay Rate: $65-90/hour (depending on experience)
Compliance Testing Program
- Lead and /or perform compliance testing, identify issues and make recommendations and report the result
- Assess the design and effectiveness of controls implemented to mitigate the applicable regulatory and consumer compliance risks
- Identify potential compliance issues and risks and recommend resolutions and/or escalate to appropriate individuals to determine if further investigate is deemed necessary
- Develop test scripts corresponding to scope of the testing engagement and business expectations
- Collaborate with business lines to develop remediation plans to resolve control weaknesses identified through testing
- Track and validate the implementation of remedial actions submitted by the business owners to verify that issues identified during testing are remediated. Follow up with business owners as necessary
- Prepare reports for Management that highlights the scope, testing approaches, the results and compliance testing activities
- Review processes and recommend areas of improvement
Operational Management
- Lead compliance reviews for which he/she was assigned as a lead tester by the Head of CMTG
- Supervise work of other testers assigned to the review, manage day to day work, assign tasks, and provide guidance and advice
Compliance Testing Program Administration
- Assist in the development and execution of the Compliance Review Program
- Assist in the development of the annual Compliance Review Plan
- Serve as subject matter expert on compliance testing and provide consultative support to business lines on compliance matters
- Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing program
- Assist in enhancement of Compliance Review Program