Compliance Testing Specilist

MidFirst Bank•Costa Mesa, CA

15h•$65,000 - $80,000

About The Position

The MidFirst Bank Compliance Testing Specilist will conduct compliance testing, monitor activities, develop training and manage compliance risks related to deposit products and credit services. This role is essential for identifying control gaps, evaluating risk, and ensuring ongoing compliance with federal and state regulations—including but not limited to EFTA, TISA, Privacy, Identity Theft/Red Flags, RESPA, FCRA, ECOA, FCRA, SAFE Act, Reg CC, TILA, Fair Lending, and UDAAP—through proactive monitoring and testing. Essential Duties and Responsibilities: The Compliance Testing Specialist conducts testing for compliance with GSE and non-GSE guidelines, government insurer guidelines, and a variety of federal and state laws and regulations including, but not limited to, the following: Equal Credit Opportunity Act Electronic Funds Transfer Act Truth in Lending Act Fair Credit Reporting Act Servicemembers Relief Act Home Owners Protection Act National Flood Insurance Act Fair Debt Collection Practices Act Real Estate Settlement Procedures Act Home Mortgage Disclosure Act The Testing Specialist should demonstrate capabilities to learn and execute the following functions: Monitor key risk and performance indicators (KRIs/KPIs) to proactively identify control gaps and high-risk areas in deposit and lending products. Support efforts to strengthen the control environment, including creating and implementing new controls to mitigate identified compliance risks. Monitor open control gaps, track remediation progress, and report risks or delays to the Compliance Manager. Research internal policies, procedures, laws and regulations applicable to the testing conducted and update compliance testing work papers, policies and procedures, as appropriate. Identify gaps in best practices, conduct internal audits, and report findings with actionable recommendations to the Compliance Manager. Act as a central point of contact for business units, providing guidance on regulatory requirements, policy interpretation, and risk mitigation. Partner with cross-functional teams and departments across nationwide markets to align business operations with compliance standards Complete supporting test-work and documentation in a professional and timely manner in accordance with compliance procedures and departmental standards. Participation in a team environment where motivation, support, and knowledge pooling is paramount. Identify exceptions related to noncompliance and communicate those exceptions to the Compliance Manager, as appropriate. Assist in identifying operational areas of concern that may impact losses and communicate the best operational practice recommendations to the Compliance Manager. Work in conjunction with the team to follow-up and ensure exceptions are properly addressed. Participation in job-specific training and other bank training programs as required.

Requirements

Bachelor’s Degree in Accounting, Finance, or related field is preferred. Commensurate experience may be considered in lieu of a degree
A minimum of 1-3 years in the financial services industry and a basic understanding of regulatory mechanics desired
Must possess a strong working ability in Microsoft Office and other technological abilities.
Fundamental ability to identify and assess compliance risks
Strong analytical, organizational and research skills
Demonstrated reasoning and critical thinking skills with the ability to define problems, collect data, establish facts, and draw valid conclusions in order to make recommendations
Must maintain confidentiality and exercise discretion in performing daily duties
Strong writing skills are required
Attention to detail is paramount for accurately performing job requirements
Position requires the ability to sit for extended periods
Occasional travel may be required

Nice To Haves

Data mining capabilities and data set evaluation skills a plus
Project management exposure is a plus for working effectively in a high-pressure environment with time constraints

Responsibilities

Monitor key risk and performance indicators (KRIs/KPIs) to proactively identify control gaps and high-risk areas in deposit and lending products.
Support efforts to strengthen the control environment, including creating and implementing new controls to mitigate identified compliance risks.
Monitor open control gaps, track remediation progress, and report risks or delays to the Compliance Manager.
Research internal policies, procedures, laws and regulations applicable to the testing conducted and update compliance testing work papers, policies and procedures, as appropriate.
Identify gaps in best practices, conduct internal audits, and report findings with actionable recommendations to the Compliance Manager.
Act as a central point of contact for business units, providing guidance on regulatory requirements, policy interpretation, and risk mitigation.
Partner with cross-functional teams and departments across nationwide markets to align business operations with compliance standards
Complete supporting test-work and documentation in a professional and timely manner in accordance with compliance procedures and departmental standards.
Participation in a team environment where motivation, support, and knowledge pooling is paramount.
Identify exceptions related to noncompliance and communicate those exceptions to the Compliance Manager, as appropriate.
Assist in identifying operational areas of concern that may impact losses and communicate the best operational practice recommendations to the Compliance Manager.
Work in conjunction with the team to follow-up and ensure exceptions are properly addressed.
Participation in job-specific training and other bank training programs as required.

Benefits

We offer a generous comprehensive benefits package including medical, dental, and vision coverage; paid holidays, vacation, and sick leave; and 401(K) plan.

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