Compliance Testing Analyst

Panacea Financial

About The Position

Panacea Financial Holdings is seeking a detail-oriented Compliance Testing Analyst to support the development and execution of its compliance monitoring and testing program. The role evaluates the effectiveness of compliance controls, identifies potential regulatory risks, and supports corrective action efforts to ensure adherence to applicable financial services laws, regulations, and internal policies. The analyst performs risk-based monitoring and testing, assesses controls and documentation, identifies and escalates deficiencies, and partners with stakeholders on remediation. The role also supports reporting, regulatory examinations and audits, and the continued development and improvement of a scalable compliance testing program. The ideal candidate has experience in banking compliance, compliance testing, risk management, or internal audit, along with strong analytical and communication skills.

Requirements

Bachelor's degree in Business, Finance, Accounting, Risk Management, or a related field, or equivalent professional experience.
2 to 4 years of experience in compliance testing, internal audit, risk management, or a related function within banking, fintech, or financial services.
Working knowledge of banking regulations, compliance management systems, and regulatory expectations.
Experience conducting compliance testing, reviewing documentation, evaluating controls, and identifying compliance issues.
Strong analytical, organizational, and problem-solving skills, with excellent attention to detail.
Ability to clearly document findings and communicate results to stakeholders.
Proficiency in Microsoft Office, particularly Excel, Word, and PowerPoint.

Nice To Haves

Direct compliance testing or internal audit experience within a bank or federally regulated financial institution.
Experience with consumer protection regulations, fair lending requirements, BSA/AML, and other banking compliance areas.
Experience with risk-based testing methodologies, sampling techniques, and control assessments.
Experience supporting regulatory examinations, audits, or compliance remediation activities.
Familiarity with compliance management systems, governance, risk, and compliance (GRC) tools, or data analytics platforms.
Relevant compliance or audit certification, such as CRCM, CAMS, or CISA.

Responsibilities

Execute risk-based compliance monitoring and testing activities according to established testing plans.
Evaluate internal controls, policies, and procedures against applicable regulatory requirements.
Conduct transaction reviews, sample testing, and documentation assessments to identify compliance gaps.
Perform testing across consumer financial protection, fair lending, BSA/AML, and other relevant regulatory areas.
Maintain testing workpapers, supporting documentation, and evidence of testing activities.
Identify, document, and escalate compliance deficiencies, control weaknesses, and potential regulatory violations.
Prepare testing summaries, findings, and recommendations for Compliance leadership.
Partner with business stakeholders on corrective action planning and remediation.
Track issues and remediation activities, including validation testing to confirm corrective actions are effective.
Support compliance risk assessments and identify emerging regulatory exposure.
Assist with compliance testing reports, dashboards, and management and governance committee updates.
Support regulatory examinations, audits, and independent reviews by gathering testing documentation and evidence.
Maintain awareness of relevant financial services and banking regulations and regulatory changes.
Collaborate with Compliance, Risk, Legal, Operations, and business teams to support consistent compliance practices.
Assist in developing and enhancing testing procedures, methodologies, checklists, and reporting templates.
Support implementation and maintenance of compliance testing tools and tracking systems.
Identify opportunities to improve testing efficiency, documentation quality, and risk identification.
Contribute to the development of a scalable, risk-based compliance monitoring and testing program.