Manager, Risk Controls Testing

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.

Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.

Founded in 2014, we’re a remote-first company with 550+ employees and over 30 OEM and 4,000 dealer partners.

We are currently looking for a Manager to be a part of the Enterprise Risk Team conducting Risk and Control/Compliance Testing.  You will also conduct reviews to evaluate the firm's compliance with applicable laws and regulations and to help ensure that control gaps are adequately escalated and mitigated through remedial actions.  You will lead business compliance and operational risk/control activities, which may include risk assessments, controls, procedure documentation, process design, process mapping, control workflow/systems, reporting, testing, remediation, and third-party management.  You will be a business process mapping expert to map the existing process, integration to various systems, where applicable regulations are required, policies, etc. and identify gaps as well as identify data source from source systems to the target systems.

Responsibilities

• Conduct testing in order to assess and review compliance with legal, regulatory and internal firm policy requirements applicable to Octane products and services 
• Develop testing modules and conduct testing across all business activities to evaluate adherence to regulatory requirements and compliance risks
• Ensures effective identification and implementation of controls to manage operational, financial, and compliance risks
• Act as subject matter expert on efficient processes to maintain an accurate library of risks and controls
• Oversee timely completion of control design reviews, process management reviews, risk and control self-assessments, and enterprise risk assessments
• Monitor the risk and control environment for weaknesses and identifies solutions to improve the effectiveness and efficiency of controls
• Determine the root cause of issues and develop effective remediation plans to mitigate the risks
• Prepare and distribute reports to senior management detailing review findings and recommendations
• Develop clear data controls testing reporting objectives, develop and deliver accurate and comprehensive controls testing reporting to meet those objectives
• Highlight control breakdowns, inadequate processes, and unexpected events and implements
• Follow up on corrective actions in partnership with business manager to address process and control deficiencies
• Facilitate cross functional review of regulatory updates
• Identify operational risks in accordance with the Enterprise Risk Management, ensuring that adequate internal controls are in place to mitigate risks of all types
• Help implement the Risk management framework, coordinate business ownership of processes, risks, controls, and tests
• Selecting the sample of transactions to be tested 
• Collect and assess evidence of control operation 
• Prepare analysis and document test results in the system of record 
• Track identified issues through remediation and conduct continued testing to ensure processes are working as intended and complying with regulations
• Coordinate with Octane’s Data Team to automate control reports once built
• Generate Risk reporting
• Develop KRIs and KPIs

Requirements

• Bachelor’s Degree, MBA candidate a plus  
• Minimum 5+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk 
• Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
• Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
• 3-5+ years of direct data management and data controls testing and reporting experience. Includes experience in the utilization of related technology tools. 
• Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals.

Other Knowledge:

• Experience with a GRC tool (Orion, Archer, SAI360, etc.)
• Advanced Excel and PowerPoint Skills SAS EG, SSMS, SAP Business Objects, Tableau, Power BI
• Understands regulations governing financial institutions
• Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau).

Benefits:

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Up to 5 weeks time off (self-managed)
• Retirement Plan (401k) with company match!
• Educational Assistance/Tuition Reimbursement up to $3K/year 
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Robust Ancillary benefits including accident insurance, hospital insurance, etc

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