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Compliance Testing Manager

Company: First Electronic Bank
Location: Salt Lake City
Posted on: May 15, 2022

Job Description:

Job DescriptionSalary: Job purpose As Second Line of Defense, the Compliance Testing Manger has the responsibility to perform compliance testing to evaluate our Strategic Partner's (SP) compliance with applicable laws and regulatory requirements. This individual will plan & scope each review based upon the risk for each SP, produce quality detailed work papers, prepare succinct reports, and assess the adequacy and effectiveness of corrective action plans. The candidate must have a working knowledge of FDIC and CFPB Exam Procedures. The candidate must have strong communication skills and be comfortable to credibly challenge the First Line of Defense and our Strategic Partner.   Duties and responsibilities

  • Perform testing and monitoring of lending regulations to include, but not limited to: UDAAP, BSA, Fair Lending, TILA, FCRA/FACTA, SCRA, MLA, FDCPA and TCPA
    • Perform testing and monitoring of deposit regulations to include, but not limited to: TISA, EFTA, EFAA, FDIC Deposit Insurance, Debit Card Interchange Rule, and Garnishments.
    • Experience in working with FIL 44-2008, Guidance for Managing Third Party Risk.
    • Prepare written reports that clearly articulates the risk for each finding and related root cause.
    • Follow-up, obtain and validate corrective action plans to ensure issues are addressed appropriately.
    • Assist with providing requested documentation, information or reports as directed for internal Audits or Regulatory Examinations
      • Complete additional projects and duties as directed Qualifications Minimum qualifications
        • Bachelor's degree
        • 5+ years in Compliance testing experience
        • Ability to independently research and analyze consumer protection laws and regulations around deposits, credit card, installment loans and open-end credit
        • Ability to understand operations and banking policies and procedures
        • Ability to convey ideas and thoughts succinctly in writing and verbally
          • Team player and strong problem solver
          • Ability to determine best course of action/make sound recommendations for correction of testing/monitoring findings   Preferred qualifications
            • Certified Regulatory Compliance Manager (CRCM)
              • Experience in working with Fintech partnerships
              • Experience in conducting fair lending reviews using the FFIEC Interagency Fair Lending Exam Manual Working conditions Hybrid working options for mix of in-person and remote working. Physical requirements While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms. Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. Direct reports None

Keywords: First Electronic Bank, Salt Lake City , Compliance Testing Manager, Executive , Salt Lake City, Utah

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