Corporate Compliance - Sr Compliance Independent Testing Analyst

Golden 1 Credit Union•Sacramento, CA

2d•Hybrid

About The Position

The Sr Compliance Independent Testing Analyst conducts independent compliance testing to assess the effectiveness of the Credit Union’s compliance policies, procedures, and controls. With limited supervision, the analyst participates in planning, fieldwork, and reporting for assigned reviews, determining testing objectives, scope, and depth based on identified risks and controls. The role leads development of testing approaches and workpapers for complex regulatory requirements and business activities, and completes reviews within established time and budget goals. The analyst works with business-unit leaders and stakeholders to communicate findings, obtain management agreement and corrective action plans, document issues, and validate remediation through closure. The position also supports testing and monitoring activities, process improvements, and newer team members. It requires ongoing knowledge of applicable regulations, internal policies, and business changes that may affect the compliance framework and testing plan.

Requirements

Bachelor’s degree or equivalent work experience required.
At least 7 years of financial services experience in consumer protection regulatory compliance, internal audit, external audit, financial services operations, or consumer protection compliance program development or evaluation required.

Responsibilities

Conduct independent compliance testing to assess the effectiveness of compliance policies, procedures, and controls.
Participate with limited supervision in the planning, fieldwork, and reporting phases of assigned Compliance Testing reviews.
Determine testing objectives, scope, and depth by reviewing risks and controls identified in the Compliance Risk Assessment or through other means.
Lead the development and preparation of testing approaches and supporting workpapers for complex regulatory requirements and in-scope business activities.
Complete assigned Compliance Testing reviews within time and budget goals.
Schedule and participate in commencement and exit meetings with business-unit leaders and stakeholders.
Prepare draft finding summaries describing findings and recommendations for control or process improvements.
Obtain management agreement on findings through factually correct discussions.
Obtain management corrective action plans for identified issues.
Document findings and management action plans in accordance with the Credit Union’s Issue Management process.
Follow up on corrective actions and validate remediation activities for issue closure.
Participate in other testing and monitoring activities, including KRI and KPI reporting and ad-hoc testing.
Identify and recommend efficiency improvements to Compliance Testing processes.
Provide support and guidance to newer members of the Compliance Testing team.
Participate in and perform other functions and special projects as assigned.
Maintain knowledge of and adhere to applicable internal compliance policies and procedures and other internal policies and procedures relevant to the role.
Maintain knowledge of new and changing applicable compliance rules and regulations.
Stay informed about regulatory requirements and Credit Union business-model changes that may affect the compliance framework and Compliance Testing plan.
Perform special projects and additional duties and responsibilities as required.