Compliance Monitoring & Testing




Job Description:

  • Perform compliance reviews across the bank to assess compliance with consumer and bank regulatory regulations, rules and requirements
  • Lead and /or perform compliance testing of consumer and bank compliance controls, identify issues and make recommendations and report results
  • Identify potential compliance risks and recommend resolutions and/or escalate to appropriate individuals to determine if further investigation is 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 remedial actions owners to verify that issues were remediated. Follow up as necessary
  • Prepare review reports for Management that highlights the scope, testing approach, and the results of the review
  • Monitor regulatory activities and industry developments to identify trends and emerging issues that may impact the bank and may require changes to the compliance testing program


Job Requirement:

  • Bachelor’s degree is required; JD,MBA, or Master’s degree in relevant field is preferred
  • Minimum 5 year’s relevant experience in Compliance Testing or Internal Audit within financial services industry with focus on consumer and bank regulatory compliance
  • Deep knowledge and significant practical experience with consumer and bank regulatory compliance regulations, rules and requirements (including so called alphabet regulations)
  • Knowledge of U.S. banking regulations and compliance practices with focus on BSA/AML, OFAC and compliance risk management
  • ACAMS is preferred

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