Senior Compliance Specialist - Assurance

NEWLY CREATED ONSITE POSITION FOR THE COMPANY Position Purpose: · This position is responsible for executing compliance risk-based monitoring and testing reviews of the design and operational effectiveness of key business processes and controls' adherence to applicable laws and regulations.

· Continuous monitoring activities and testing engagements are conducted to provide ongoing independent assessments of compliance with applicable regulatory requirements and internal policies & procedures.

Primary Responsibilities: · Perform second line regulatory compliance monitoring and testing reviews under the established annual plan and in accordance with the Monitoring & Testing Program Policy.

· Independently complete each phase of the testing cycle including planning, testing execution, vetting of findings with appropriate LOB owners, report documentation and observation follow-up tracking.

· Produce high-quality monitoring plans, scope rationales, test scripts, sampling strategies, testing workpapers, findings, reports, and management responses.

· Requires a working knowledge of the following laws, regulations, or business processes/controls: Fraud Monitoring/Prevention/Detection, Lending/Deposit Compliance (HMDA, CRA), Privacy & CCPA, UDAAP, Marketing Laws and Regulations, Regulation E, BSA/AML and Department of Education Rules.

This list of reviews may be expanded to for purposes of FCB banking reviews.

· Ability to assist leadership in the appropriate planning of testing reviews.

This includes tasks such as but not limited to: Assessing all the necessary documentation needed to conduct the review, developing and maintaining LOB requests lists, determining the scope of the items to be tested during the review in line with regulatory requirements, determining sample sizes and the method and criteria for making scope selections including effective source reports to be used for these selections.

· Ability to assess business process and controls that exist to support compliance including the ability to review the adequacy of LOB procedures to ensure these are comprehensive in documenting the control environment to support regulatory compliance.

· Support the annual Compliance Risk Assessment process.

· Ability to independently develop a test plan or enhance an existing plan to assess control effectiveness.

· Timely delivery of well-developed and documented workpapers to support monitoring and testing review work, conclusions, and reports.

Communication with the Regulatory Compliance Manager of any impacts to completing reviews in budgeted timeframes.

· Validate potential issues for factual accuracy.

· Create well developed issues to document identified control weaknesses as well as development of well written recommendations to assist management in creating corrective action plans.

· Interact effectively with line of business partners during the conduct of the reviews performing tasks such as but not limited to process walk throughs (i...