Community Bank Monitoring & Testing Senior Analyst

Summary:

Responsible for monitoring and testing the Community Bank's activities on an ongoing basis to ensure applicable regulatory requirements are met. Monitoring and Testing activities are performed under the leadership of a Compliance Monitoring and Testing Manager.

 

Qualifications:

Education: Bachelor's degree.

Licenses/Certifications: CRCM, CIA, CAMS or similar professional certifications are preferred.

Experience: Five or more years of community bank compliance testing/monitoring experience. Experience in a relevant or related monitoring role such as within Compliance, Audit, and/or Risk. Experience working in Financial Services, having demonstrable knowledge of the regulatory environment and associated risks and proven experience of ensuring compliance with regulatory requirements. Working knowledge of consumer compliance regulatory requirements. Or equivalent combination of education and experience.

 

Essential Functions:

 

A: Job Specific:

• Performs both detailed transactional testing and high-level analysis to assess adequacy of the processes and controls associated with regulatory risks within the various lines of Business of the Community Bank functions.
• Accurately completes test scripts and workpapers based on the supporting documentation reviewed.
• Documents review activity and clearly articulates any potential regulatory violations, and works with management regarding presentation of findings to key stakeholders and Senior Management.
• Clearly and concisely documents any observations and/or exceptions noted, including supporting documentation to evidence results obtained.
• Maintains ongoing communication with management regarding the status of testing.
• Promptly escalates any questions or concerns to management for quick resolution.
• Executes the compliance monitoring and testing program through planning and conducting reviews to identify areas of concern regarding the effectiveness of the controls to comply with Bank policy or applicable regulatory requirements.
• Maintains a strong working knowledge of federal regulations applicable to the assigned areas of review.
• Maintains working knowledge of the FDIC Consumer Compliance Exam Manual for assigned areas of the review.
• Ensures compliance issues identified through the monitoring and testing program are addressed, including validating the completion of corrective action plans are properly executed to comply with Bank policy or applicable regulatory requirements.
• Drafts reports which communicates to Senior Management and key stakeholders the effectiveness of the processes and controls established to ensure compliance with Bank Policy and regulatory requirements.
• Consults and interacts with Compliance peers, Community Bank staff, and Senior Management on an ongoing basis.
• Assists the M&T Manager in developing the annual Community Bank Monitoring & Testing plan and audit plan.

Knowledge/Skills/Abilities:

• The ability to communicate effectively and clearly, both in verbal and written communications.
• The ability to manage multiple deadlines in a fast-paced environment, accomplishing multiple tasks and resolving competing priorities effectively.
• Excellent attention to detail and ensuring data accuracy.
• Excellent organizational skills.
• Strong analytical skills, able to dissect complex problems and synthesize large amounts of information.
• Ability to define problems, collect data, establish facts and draw valid conclusions and support decisions with sound reasoning and detailed documentation.
• Self-directed and motivated.
• Strong team player receptive to exchange of ideas and constructive feedback.
• The ability to generate innovative ideas and challenge the status quo.
• Advanced skills in MS Office Excel, and proficiency in Word, Zoom and Outlook. Data Analytics and programing experience a plus.
• Interpersonal skills, able to interact with people at all levels, comfortable interacting with and presenting to all levels of management.
• Embrace and practice the highest applicable ethical standards of behavior, consistent with the Sutton Bank Service Excellence Elements.