Summary:Responsible for the monitoring and testing of payments programs within the First Line of Defense. Works to minimize risk through the continuous monitoring, testing and analysis of programs risk-taking activities on an ongoing basis to ensure applicable regulatory requirements are met.
Qualifications:Education: Bachelor's degree in Business Administration or related field.
Licenses/Certifications: Experience: Five or more years of regulatory compliance or risk management experience supporting consumer financial products or services at a large or complex banking institution. Previous payments experience preferred. Or equivalent combination of education and experience.
Essential Functions:A: Job Specific:- Performs both detail testing of various regulatory obligations, and high-level analysis to assess adequacy of the programs risk and control environment as well as compliance with applicable regulations.
- Clearly documents testing through workpapers, and provides summary of analysis in clear and concise format.
- Maintains working knowledge of federal regulations applicable to Payments including but not limited to: Reg E, UDAAP / UDAP, Reg DD, Reg CC, CAN-SPAM, TCPA, FCRA / Red Flag ID Theft etc.
- Demonstrates strong risk management understanding, aiding in risk assessments and gap analysis as needed.
- Identifies and analyzes trends / themes within large data sets.
- Takes complex scenarios or processes and breaks them down to a clearer and more concise format.
- Identifies and evaluates emerging risks and present findings to management.
- Ensures identified issues are communicated and escalated with clear context to allow for appropriate decision making.
- Partners effectively with peers and colleagues within 1LOD and across various functions of the Bank to drive consistent and effective practices.
- Knowledge/Skills/Abilities:
- The ability to communicate effectively and clearly, both in verbal and written communications.
- Excellent interpersonal skills.
- Strong knowledge of the business area that is being supported.
- Self-directed and motivated.
- The ability to manage multiple tasks.
- Excellent problem-solving skills.
- Ability to read, analyze and comprehend journals, audit reports, regulations and legal documents.
- Ability to respond to common inquiries or complaints from employees, customers, regulatory agencies, or members of the business community.
- Ability to effectively present information to top management and employee groups.
- Strong analytical skills, able to dissect complex problems and synthesize large amounts of information.
