Senior Compliance Risk Testing Associate

Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email [email protected] and every reasonable effort will be made to accommodate your needs in a timely manner.

Job SummaryAs part of the credit union’s risk management infrastructure and second line of defense, the Senior Compliance Risk Testing Associate assists in the overall implementation of the credit union’s Compliance Management System (CMS) and contributes to the execution of the compliance control and governance framework. The Senior Compliance Risk Associate leads collaborative efforts to adjust testing parameters and is responsible for conducting testing and monitoring of first line of defense controls to ensure the credit union maintains a strong CMS that is effective at managing compliance risk and preventing violations or enabling early detection of potential violations of regulatory requirements and internal policy.

Job Description

LOCATION

Mountain America Center

9800 S Monroe St
Sandy, UT 84070

SCHEDULE

* This is a Hybrid schedule with weekly in office days. The days in office are Monday and Wednesday.

To be effective, an individual must be able to perform each job duty successfully.

• Assist management with the implementation of comprehensive testing parameters to ensure compliance effectiveness
• Assist management with the collection and analysis of testing data, utilizing analytics tools to generate actionable insights and produce insightful reports for management review
• Collaborate with second line business units to modify and adjust testing schedules based on data and findings
• Proactively identify and raise potential risks and concerns, collaborating with management to refine testing parameters in response to identified areas of improvement or emerging compliance risks
• Assist in facilitating the integration of identified potential risks, concerns, and opportunities for improvement into actionable compliance measures and ensure timely execution to compliance protocols
• Conduct risk-based testing and targeted reviews
• Perform testing of controls to mitigate compliance risk
• Identify control improvements for monitoring risk
• Review and understand the credit union’s processes, practices and control framework
• Execute assigned functions during all phases of monitoring and testing, including planning, reporting, and finalization; execute work in accordance with department standards, budgets and deadlines
• Develop and document recommendations for analytical control testing to expand the breadth and depth of monitoring and testing coverage
• Consult relevant regulatory and internal resources to obtain background information, and verify pertinent guidelines and requirements
• Communicate testing and monitoring results with applicable teams and management
• Develop familiarity with consumer compliance and related regulatory guidance and requirements
• Assist in the documentation, evaluation, and validation of management actions in response to identified observations and findings
• Proactively troubleshoot potential issues related to monitoring and testing processes and system(s)
• Utilize automated work products and other department and credit union systems in a proficient manner
• Utilize judgment and responsibility in fulfilling department functions using the credit union policies and the hierarchy of decision making
• Ensure compliance with all relevant regulations required by law, encompassing but not limited to Reg. B, Reg. Z, RESPA, HMDA, Fair Lending, FCRA, CARD Act, BSA, OFAC, FACT Act, GLBA, Regulation CC, Regulation DD, Regulation E, UDAAP, and any other pertinent regulations pertinent to the role
• Perform other duties as assigned

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

4 years of financial services experience with 2+ years of direct experience in audit, legal, compliance and/or risk management within any industry, preferably within financial services.

Education

Associate degree in business or related field, or demonstrate an additional 2 years of experience within a progressive financial environment.

Licenses, Certifications, Registrations

N/A

Managerial Responsibility

N/A

Computer/Office Equipment Skills

• Advanced skills with Microsoft Office Suite including Outlook, Word, PowerPoint, and Excel
• Experience with analytical and reporting software preferred
• Experience with Symitar, Archer or another financial institution software

Language Skills

• Demonstrated ability to clearly express recommendations, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
• Demonstrated ability to document outcomes and present information in a manner appropriate for key stakeholders and all levels of the organization

Other Skills and Abilities

• Ability to work both autonomously and collaboratively in a fast-paced environment
• Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines
• Adaptive to change, responds positively to altered circumstances or conditions
• Possess a desire and willingness to learn and continually update knowledge based on financial concepts, strategies, systems etc.
• Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies
• Excellent inter-personal skills including the ability to lead and collaborate with ad-hoc teams
• Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.)

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to sit, talk and hear consistently

Ability to stand, walk, and use hands to handle or reach occasionally

Vision Requirements

Close vision (clear vision at 20 inches or less)

Distance vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds occasionally

Environmental

There are no unusual environmental factors (such as a typical office)

Noise Environment

Moderate noise (business office with computers and printers, light traffic)

Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.