Regulatory Compliance Role - BFSI

Looking for Compliance (Monitoring & Testing Analytics), MNC Organisation

- Conducts compliance testing and completes supporting test work and documentation in a professional and timely manner in accordance with compliance procedures and department standards.

- Identifies and assists in developing monitoring and testing work papers regarding operational areas of risk that may impact compliance and business losses.

- Monitoring of analytical models, validation and outcome of other related decisioning criteria as per compliance requirements.

- Review of model production process and controls ensuring the models are executed appropriately and controls are performed with relevant evidence to enable a robust and seamless model/process audit.

- Collaborate with Business representatives in validating the monitoring or testing results and ensuring remediation of findings.

- Identifies process improvement opportunities based on analysis of testing conducted and recommends operational best practices.

- Reviews operational practices and process, laws, and regulations applicable to the testing conducted and updates compliance testing work papers, as appropriate.

- Conduct testing and period reviews of department procedures to ensure compliance with federal and state laws and regulations.

- Assists the team in completing their daily Compliances testing activities.

- Playing the role of SME (subject matter expert) and train the resources.

- Works towards or exhibits intermediate to proficiency of compliance testing design or theory such as independence, self-identification, and documentation standards.

- Performs a variety of duties as required by the position and/or assigned.

- Master's Degree in Economics, Statistics, Business Administration, Accounting, Finance, other related field or Bachelor's Degree in Engineering/Technology

- 5 to 7 years of financial institution experience is required.

- Compliance experience in working with consumer laws and regulations.

- Sound Knowledge on Consumer lending products.

- Working knowledge of Compliance Monitoring/Testing on Analytical model, validation and other related decisioning criteria.

- Attention to detail is necessary for accurately performing tasks.

- Must be proficient in Microsoft Office (Outlook, Word, Excel, etc.), Adobe, and possess other computer-related skills.

- Ability to identify and assess compliance risks required.