Control Testing Specialist- Lending

Teachers Federal Credit Union • Hauppauge, NY

39d • $28 - $34

About The Position

The Control Testing Specialist is responsible for executing detailed risk-based compliance tests to assess the design and effectiveness of internal controls related to the Credit Union's mortgage, commercial and consumer lending products and services as well as pertinent regulations that affect day-to-day transactions of members.

Requirements

• Associates degree required or a minimum of four years directly related experience required
• Minimum three years experience in a compliance, audit, quality control or other risk management role with a focus on reviews, testing or general quality assurance tasks
• Knowledge of Lending regulations is required
• Attention to detail, strong written communication skills for documenting findings and the ability to work independently and work teams is required
• Proficient in Microsoft suite applications.
• General understanding of Compliance, Risk or Audit testing.

Responsibilities

• Execute risk-based compliance testing for key lending and other regulations such as, but may not be limited to: Truth in Lending Act (TILA/RegZ), RESPA, Equal Credit Opportunity Act, HMDA, Flood, SAFE Act, Consumer Leasing, FDCPA, TRID, FCRA etc.
• Perform detailed transactional testing of loan files from application to closing, member disclosures, billing statements & disputes, error resolution protocols, advertisements, Mortgage Loan Officer performance, call monitoring, etc.
• Document test steps, evidence and results in formal workpapers to create a clear and auditable trail.
• Identify control weaknesses and assist in documenting the underlining root cause as well as validation of corrective actions taken by the business lines.
• Performs other duties as needed upon request by immediate supervisor.

Benefits

• Paid time off for vacation, personal days, and holidays
• Fully-funded pension plan
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Associate degree
• Number of Employees: 501-1,000 employees