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Testing and Monitoring Consultant
Ref No.: 18-05536
Location: New York, New York
Position Type:Contract
Compliance Testing and Monitoring Consultant
Job Description:
  • Assis in the development and execution of the Compliance Monitoring & Testing program and methodology
  • Assist in the development of the annual testing plan
  • Lead and/or perform compliance testing, identify issues and make recommendations and report the results.
  • Identify potential compliance and risks, and effectively escalate to appropriate individuals
  • Propose methods of testing and execute plans
  • Develop test scripts corresponding to scope of the engagement and business expectations.
  • Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/OFAC sanctions and consumer compliance risks
  • Collaborate with business lines to develop remediation plans to resolve control weakness identified through testing
  • Track and validate the implementation of remedial actions submitted by the business owners to verify that issues identified during testing are remediated, follow up with business owners as necessary
  • Prepare reports for Sr. management that highlights the scope testing approaches, testing results, and compliance activities.
  • Review processes and recommend areas of improvements.
  • Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on Bank and the compliance testing program.
  • Bachelor's degree, JD, MBA or Master's degree preferred.
  • We are looking for 5 or more years in compliance testing, audit, operational risk or equivalent experience within financial services industry preferred.
  • Strong communication skills and creative problem solving, leadership and management skills.