Compliance Manager, Testing

Description

The Testing Compliance Manager is responsible for maintaining the Compliance Testing Program in support of the Bank’s Compliance Management Program to meet the ongoing objectives of Stride Bank and to ensure all banking rules, regulations, and statutory requirements are met.

PRINCIPLE DUTIES AND RESOPONSIBILITIES

1. Leads a team of compliance testing analysts in planning, executing, and reporting the results of regulation-based compliance testing.
2. Provides guidance to staff regarding complex compliance issues.
3. Evaluates team member performance through quality assurance reviews, performance evaluations and coaching.
4. Fosters a positive work environment focused on developing individual team member skills through learning and growth opportunities.
5. Maintains a Compliance Testing Program, procedures and processes to ensure compliance testing activities are performed consistently and with high quality.
6. Maintains a risk-based regulatory compliance testing schedule.
7. Updates the Bank’s testing strategy and schedule as warranted by regulatory or business changes. Maintains knowledge of changes through partnership with business stakeholders and compliance team members.
8. Forms strong relationships with key first line of defense and second line of defense partners.
9. Develops a strong understanding of business processes and controls to identify regulatory risk exposure.
10. Reviews test workpapers, reports, and recommendations to ensure team members help stakeholders understand any issues identified.
11. Delivers and explains difficult messages, when necessary.
12. Summarizes testing results and prepares reports with sufficient detail to help Senior Management understand any issues noted and action plans to address weaknesses.
13. Provides reports to Senior Management and the Board on overall testing results and trends.
14. Provides periodic status reporting to the various Management and Board-level governance committees.
15. Serves as resource for internal and external compliance inquiries, conducting research and providing support/guidance as necessary.
16. Participates in any third party (OCC, VISA, etc.) audit requests pertaining to compliance.
17. Leads special projects and initiatives as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, or equivalent work experience, required.
• 5-7 years’ experience in banking industry, required.
• CRCM certification, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES

• Ability to work in a fast paced and rapidly evolving market.
• Strong analytical and conceptual thinking skills, with the ability to solve problems and make decisions using data.
• Knowledge of existing and emerging bank regulations.
• Knowledge of audit processes and compliance with required reporting.
• Ability to analyze compliance procedures and standards.