CQA Testing Analyst

U.S. Bank National Association • Minneapolis, MN

1d

About The Position

The Compliance Quality Assurance (CQA) Analyst is responsible for the execution of testing activities within the Independent Risk Review & Assessment (IRRA) second line organization. Key roles and responsibilities include working with Business Lines and other Risk, Compliance, and Audit Professionals to review and oversee an effective risk management framework. The Analyst is responsible for test execution within projects and activities that confirm compliance with applicable federal, state, and local laws and regulations, and is responsible for the identification of control and process weaknesses through testing activities. When gaps are identified, the Analyst works with CQA Management to recommend and influence solutions to mitigate compliance risks. Further, the Analyst is responsible for effective communication of testing results.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than three years of applicable experience

Nice To Haves

• Thorough knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Highly prefer a strong knowledge in any of the following subject matter areas: Lending (Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Real Estate Settlement Procedures Act,) and/or Deposits (Regulation E, Regulation CC, Flood, Community Reinvestment Act)
• Thorough understanding of banking operations, products/services, systems, and associated risks/controls
• Thorough knowledge of Risk/Compliance/Audit competencies
• Strong process facilitation, project management, and analytical skills
• Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
• Excellent presentation, interpersonal, written and verbal communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
• Applicable professional certifications – CRCM preferred

Responsibilities

• Planning activities to assist in the development of review scope and objective
• Developing test documents and compiling work papers that effectively document the completion of test steps
• Completing testing to assess the design and effectiveness of controls, as well as confirming compliance with regulatory requirements
• Assisting in preparation of reports and issues that clearly communicate testing conclusions, including assisting with exception vetting and root cause analysis

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees