Compliance Monitoring and Testing Analyst

Overview

Job Description

Department:  Compliance

Job Title:         Monitoring and Testing Analyst

Reports to:      Corporate Compliance Manager

Supervises:     None

 

Position Description/Overview:

Responsibility includes:

Conduct ongoing monitoring and testing to ensure the effective execution and sustainability of the New York Branch’s adherence to all regulatory requirements (including Financial Crimes Compliance) and escalate any issues of non-compliance

Test regulatory requirement-related controls in business-level procedures or policies and identifying control deficiencies

Develop reports of regulatory requirement control deficiencies including documentation of findings and tracking remediation objectives

Ensure written testing results are thoroughly documented, clearly understood, and escalated appropriately

Participate in planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation

Stay up to date on federal and state compliance updates and changes to regulations

Support in development of formal Compliance monitoring and testing policies and procedures

Knowledge/Skill Requirements:

Bachelor’s degree required

Familiarity with U.S. Laws and Regulations

Familiarity with Corporate Banking and Financial Institutions business and relevant products / services (e.g. Letters of Credit, Trade Finance, Clearing)

Superior written and verbal skills in order to communicate with senior management and staff

Able to operate in team environments, especially in cross-functional teams

Strong computer skills including Word, Excel and PowerPoint

Background in either compliance preferred

Strong analytical, investigative, and reporting skills

Job Order ID: 1388