Compliance Officer II - Testing (Remote)

Overview

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This position is part of the Compliance Testing (CT) team and performs complex compliance testing in enterprise-wide areas through interpretation of banking regulatory requirements, policies and procedures, data collection, gap analysis, reporting, and risk identification. Leads the end-to-end compliance testing of relevant business areas with minimum supervision, including processes, internal controls and substantive testing of transactions in conjunction with applicable laws and regulations to identify potential violations. Maintains an expert knowledge of compliance risks and controls, bank operations, systems, and regulations in order to provide assurance to senior management over compliance status. Report on issues identified for the business to enhance their processes or systems that improve the overall compliance controls environment. Provides a leadership role for less experienced analysts in the work group and leads special projects.

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This is a remote role that may be hired in several markets across the United States.

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Responsibilities

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• End-to-End Testing: Executes compliance testing for the assigned areas by following CMT methodology from planning to reporting. Detailed work includes but not limited to: regulation mapping, scoping and planning with key stakeholders and compliance advisors, risk and control identification, walkthrough with process and control owners in focus areas, following a risk-based approach in designing test plans, executing design and operating effectiveness testing, debriefing with issue owners and senior management on observations, and reporting on findings.
• Data Analysis: Sources, validates, and interprets testing population and sample data. Analyzes process and transactional data for discrepancies and risks, effectively communicates analysis output in support of issue findings.
• Process Documentation: Uses compliance testing system to document and track the end-to-end work performed, and follow the documentation standard to maintain an audit trail.
• Quality Assurance: Responsible for the quality of work produced and follow CMT process for review and sign-off for each stage of the testing. Ensures the accuracy, compliance, and completeness of required documentation and timely completion of the assigned testing.
• Compliance Expertise: Maintains knowledge of laws, regulations, procedures, and policies that affect the assigned business area through ongoing research and industry involvement. Acts as a resource of Subject Matter Expert for the areas tested, providing inputs and expertise for complex areas.
• Change Management and Continuous Improvement: Can quickly adapt to changes in a fast-developing environment. Provide ongoing recommendations to CMT leaders on process improvement and challenges faced by the team. Keep a growth mindset and drive candid and open conversations with leaders for personal and team development.

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Qualifications

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• Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking

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Preferred Qualifications

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• Familiar with well-known Controls and Risk Management Frameworks such as COSO and BASEL
• General knowledge of consumer and commercial banking business, including relevant laws and rules for Large Financial Institutions
• In-depth knowledge of banking regulations such as lending, deposits, payments, banking operations, safety & soundness, Broker Dealer/Registered Investor Advisor, FX, swap dealer, BSA/AML, and the application to its compliance risk management program
• Prior compliance testing or internal audit of compliance risks experiences
• Professional designation in CIA/CISA/CRCM/CAMS and/or statistical data analysis skills a plus

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This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

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The base pay for this position is generally between $94,000 and $150,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

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First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits