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- Responsible for assessing first-line business processes and controls used to monitor and test for adherence with federal and state regulatory requirements.
- The role collaborates with management to identify compliance issues and corrective action plans, and communicates the scope and severity of concerns identified to the applicable level of management.
- Demonstrates general knowledge of the laws and regulations governing 1st line, 2nd line and/or third-party risk management (TPRM) and procurement policies, to identify key risk and controls of the business line and/or third party relationships in order to evaluate compliance with regulatory requirements
- Manages activities of the Compliance Testing staff (direct/indirect) and is responsible for the overall integrity and quality of the work product.
- Creates and maintains testing work papers and supporting documentation.
- Writes findings regarding compliance testing results.
- Collaborates with various levels of management within the areas of responsibilities, including the risk functions within the First Line of Defense.
- Evaluates and tests the adequacy of transactions and business processes with respect to risks, controls, and regulatory requirement identifying gaps and issues.
- Monitors and validates the status of corrective actions taken by business partners to remediate concerns.
- Creates and maintains testing work papers and supporting documentation. Writes findings regarding compliance testing results.
- Maintains a high level of awareness and knowledge of regulatory compliance requirements.
- Supports Compliance Management in developing, implementing, and maintaining an enterprise-wide Compliance Program and a culture of compliance.
- Bachelor's Degree in Business, Finance, or Legal
- 4+ years of experience in consumer compliance, financial services, risk and/or third party risk management
- In Lieu of Education Experience 8+ years' experience in compliance, financial services, risk including consumer compliance testing, quality assurance, regulatory examination or audit
- 6+ years of experience in consumer compliance testing, quality assurance, regulatory examination and/or audit
- Certified Regulatory Compliance Manager
- Certified Internal Auditor
- ID: #23693380
- State: Illinois Riverwoods 60015 Riverwoods USA
- City: Riverwoods
- Salary: Depends on Experience
- Job type: Contract
- Showed: 2021-12-01
- Deadline: 2022-01-29
- Category: Et cetera