Compliance Risk Analyst II

Description

Position Summary

The Compliance Risk Analyst II will be responsible for performing second line of defense (2LOD) duties, which includes testing of risks and controls (manual and automated) related to regulatory requirements for the Bank. The position reports to the Vice President (VP) of Enterprise Risk (Second Line Compliance Testing [SLCT] Team). Compliance risk testing is designed to ensure that the Bank complies with various consumer laws and regulations.

Please note, this position is full-time, in-office, with no remote or hybrid option.

In addition to the details below, the individual in this position will provide general support to the VP and team to ensure effective and efficient execution of first-line processes are occurring in accordance with regulatory guidance, procedures, and appropriate timelines.

Summary Of Essential Job Functions

• Maintain advanced knowledge of laws, regulations, and regulatory guidance related to the Bank's activities and products.
• Facilitation of second-line compliance risk reviews, including testing and monitoring of applicable laws and regulations.
• Prepare workpapers and ensure documentation has been finalized for circulation with the VP, senior leadership, and key business partners, including review announcements, planning documents, testing results (e.g., findings), and final reports.
• Manage review processes to ensure testing is completed accurately, with high-quality, and within testing timelines.
• Create written reports of findings and recommendations to departmental leadership and executive management.
• Follow up with management and business partners to ensure corrective action has been taken on any issues identified.
• Perform testing of system functionality to ensure regulatory requirements are met.
• Provide consultative services throughout the reviews to all departments relative to each review and maintain a strong working relationship with business partners in all departments.
• As part of testing, review various materials (e.g., solicitations, disclosures, statement inserts, etc.) and customer disclosure documents (e.g., Adverse Action Notices).
• Review and revise documents related to the testing team's projects (e.g., methodology, procedures, templates, etc.).
• Assist the VP with preparing quarterly Board reports covering the team's activities.
• Facilitate status update meetings with relevant business partners.
• Provide feedback on workpaper templates, governance and methodology materials for compliance testing.
• Independent research in planning reviews to determine the scope, which includes analyzing information from a variety of channels (e.g., complaints, issues, white papers).
• Assist with the coordination of exams, both internal and external (e.g., OCC).
• Guide the business regarding action plans and how to potentially resolve issues identified in testing.
• Self-starter that can work independently, with minimal supervision/guidance.
• Execute special projects and ad hoc duties as assigned.
  
  

Position Requirements

• Bachelor's degree or equivalent banking experience.
• Knowledge of consumer protection laws and regulations.
• Excellent leadership and project management skills.
• Strong interpersonal skills
• Strong analytical skills
• Written and verbal communication skills, with various levels of management, including Executives.
• Experience in advanced levels of MS Office suite, with an emphasis on Excel Pivot Tables and PowerPoint.
• Preferred: A minimum of five years of compliance, audit, regulatory examiner experience, or equivalent banking experience with emphasis on regulatory compliance.
  
  

Credit One Bank, N.A. is a data-driven financial services company based in Las Vegas. Founded in 1984, Credit One Bank offers a spectrum of credit card products for people in all stages of financial life. Credit One Bank is an equal opportunity employer committed to diversity and inclusion and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin. Reasonable accommodations can be made for those who require them, including access to job applications and workplace accommodations. Employment at Credit One Bank is based on mutual consent (also known as at-will). This means that employees and the Bank may terminate the employment relationship at any time, with or without cause and with or without notice. Please contact the recruiter for this position to learn more. Credit One Bank does not accept unsolicited resumes from agencies and is not responsible for related fees.