Compliance Testing / Data Mining Analyst
About The Position
The Compliance Testing/Data Mining Analyst is tasked with gathering the data required for compliance-related monitoring, testing activities, and validating the integrity of extracted data. This role involves conducting compliance reviews of various Apple Bank business units, processes, and products identified in Apple Bank's Compliance Risk Assessment, as well as performing ad hoc reviews as assigned to evaluate the effectiveness of existing controls. A comprehensive understanding of federal and state consumer protection laws and regulations is preferred. The position requires regular interaction with management at all levels throughout the execution of compliance testing reviews.
Requirements
- Bachelor's degree in business or data analytics preferred.
- Minimum 3 years of experience in compliance testing or financial services.
- Must have excellent verbal and written communication skills.
- Proficiency in Microsoft Suite (Word, Excel, PowerPoint).
Nice To Haves
- Familiarity with consumer protection laws, regulations, or retail banking helpful.
Responsibilities
- Collaborate with the internal Business Intelligence Group to generate high-quality data and reports for compliance monitoring and testing purposes; employ data mining techniques and software tools to develop reports that identify areas for further review, including but not limited to account types, activity patterns, transaction volumes and values, and trends.
- Apply generated reports to facilitate compliance testing and ongoing activity monitoring.
- Review and monitor areas of concern identified through Compliance Risk Assessment across various business lines, products, and services.
- Maintain up-to-date knowledge of all relevant state and federal consumer laws and regulations, including amendments, regulatory guidance, and interpretations; thoroughly review and understand departmental policies and procedures.
- Conduct compliance testing on business areas and products to evaluate adherence to applicable laws, regulations, and internal policies and procedures.
- Gather data and design/execute control and process tests during regulatory compliance reviews; document procedures performed clearly in comprehensive workpapers, note non-compliance incidents for preliminary discussion with department leadership and stakeholders to validate identified issues.
- Prepare and draft final reports for internal distribution to stakeholders; assess stakeholder-developed action plans and proposed remediation timelines.
- Follow up on identified issues to ensure effective implementation of action plans.
- Apply generated reports for compliance testing and periodic monitoring of activities.
- Perform additional responsibilities as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1,001-5,000 employees
