Role Summary/Purpose:

- This position is responsible for conducting control Testing activities of Client to assess compliance with applicable laws and regulations, Internal policies and procedures and ensure prompt remediation of control deficiencies.

- Control Testing is an independent 2nd line assurance process that, together with 1st line Business surveillance and 3rd line independent audit, make up the three lines of defense that are the cornerstone of an effective control framework.

- The role focuses on engagement planning and execution of Testing for controls that mitigate operational and legal/regulatory risks.

Essential Functions / Responsibilities:

- Develop and execute control Testing to ensure that key risks are mitigated.

- Document detailed Test results to reperformance standards and meet required deadlines.

- Identify control gaps and potential issues, discuss viable solutions with the Business to address gaps, and obtain management action plans for remediation.

- Communicate test results to leaders and other stakeholders throughout the business and provide periodic updates regarding status of testing activities.

- Influence Stakeholders and process owners to implement necessary process and control modifications to mitigate operational, regulatory, and financial risks.

Qualifications / Requirements:

- Strong 6+ years in Risk/Audit/Quality Testing experience.

- Minimum 2+ years of Audit, Testing, Quality or other Assurance function;

- Minimum 3+ years in Banking Laws and Regulations.

Desired Qualifications:

- Experience applying analytical skills and attention to detail

- Effective written and verbal communication skills

- Experience in Operations Support, Customer Solutions, Collections, Credit, Fraud and/or AML/BSA/OFAC

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.