Senior Risk Compliance Officer - Compliance Testing

First Horizon-posted 4 months ago
Full-time • Mid Level
Memphis, TN
Credit Intermediation and Related Activities
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The primary responsibility of this position is to conduct testing of all Products and Services to all applicable regulations in which Corporate Compliance has oversight responsibility. Must have a knowledge of all state and federal laws and regulations related to Consumer, Trust, and Commercial Compliance to be leveraged as part of other testing responsibilities. Must have transferrable skills that demonstrate the knowledge and ability to interpret and vet laws and regulations. The ability to analyze large sets of data in a timely manner. This job involves the exercise of discretion and judgment. Exhibits a sense of urgency, adheres to deadlines (both internal and those required by law) and meets department quality standards for accuracy and completeness of work. Participates in company wide project initiatives that expand and advance the Corporate strategy while ensuring processes/changes implemented are in compliance with all applicable laws and regulations; including but not limited to: new/expanded products, services, initiatives, systems, and marketing.

  • Coordinate with business partners to gather appropriate information to complete all required testing reviews.
  • Research and interpret the requirements of the regulations.
  • Identify risk/control gaps that may have an adverse impact and communicate issues and root causes effectively to the CT Director and the business unit.
  • Complete all assigned reviews, including SWAT reviews, with minimal supervision and corrections.
  • Develop or update testing steps, prepare request letters, and communicate with management throughout the review.
  • Provide timely status and potential issue updates to the Compliance Testing (CT) Director.
  • Issue preliminary findings to management and review management responses to determine adequacy.
  • Maintain confidentiality of all customer transactions and information.
  • Assist the CT Director to ensure corrective action implemented satisfactorily addresses any issues noted.
  • Maintain necessary workpaper standards to meet the requirements of internal partners and regulatory agencies.
  • Assist with the coordination of information requests and maintain a workload balance.
  • Communicate with appropriate senior management and examiners concerning review findings and corrective action.
  • Commit to continuous learning and developing knowledge and skills.
  • Proactively communicate with management when a deadline is in jeopardy.
  • Assist with ad-hoc departmental projects while maintaining timely completion of assigned reviews.
  • Bachelor (4-year college) degree.
  • Financial Institution experience required (4-6 years).
  • Risk Management and/or compliance background required (2-4 years).
  • Background in preparing for internal (Compliance Testing and/or Audit) and external (regulatory) examinations preferred.
  • Accurate typing, spelling and grammar skills.
  • Proficient with applicable computer software.
  • Strong research, written and oral communication skills.
  • Strong organizational and customer service skills.
  • Ability to read and interpret legal documents and government regulations.
  • Ability to work well under pressure.
  • Proficient knowledge of Banking Products and Services required.
  • Legal Background preferred.
  • High level of organizational skills, ability to multi-task and manage workflow.
  • High level of analytical, problem solving, and critical thinking skills.
  • Strong written, verbal, and interpersonal skills.
  • Legal Background preferred.
  • Medical with wellness incentives, dental, and vision.
  • HSA with company match.
  • Maternity and parental leave.
  • Tuition reimbursement.
  • Mentor program.
  • 401(k) with 6% match.
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