Sr. Compliance Testing Analyst, Illinois

Job description:
In this role, you will be  responsible to execute the compliance testing plan in accordance with the compliance testing schedule to evaluate the credit union’s adherence to policies and procedures, federal, state, and local laws and regulations. Support management in achieving department goals by assisting in designing testing processes, standards, and templates. 

Responsibilities:
Plan, design, and conduct risk-based and targeted compliance testing reviews for specific business areas, products and services, and regulations.

Conduct business process walkthroughs and document key controls, identify process gaps and controls weaknesses. Analyze and timely escalation of potential findings.

Lead issue vetting meetings with the business, conduct root cause analysis and evaluate issue risk rating, ensure adequate and appropriate action plans are in place to remediate and track progress.

Prepare compliance testing reports that articulate the results of testing and provide relevant and appropriate assessments of the results.

Maintain detailed high-quality work papers in accordance with compliance testing standards and procedures.

Perform QA/QC reviews of peer work papers.

Participate in the evolution of the regulatory compliance testing program, provide input to the compliance testing plan and coverage.

 

Qualifications:
Education:Bachelors Degree - Business or related - Minimum

Graduate Degree - Business or related - Preferred

 Years of Experience: 5 years - Compliance tester, internal/external auditor, risk management, examiner or related - Minimum

 In Lieu of Education:8 Years - Compliance tester, internal/external auditor, risk management, examiner or related

 

Compensation & Benefits:

 

Typical hiring range:‏‏‎ ‎$87,100‏‏‎ ‎-‏‏‎ ‎$123,000 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge. 

 

Additional Compensation: Annual performance bonus 

 

‎Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.

 

Additional Benefits:

Work from home up to 3 days a week

Paid parental leave

Employee discount programs

Time off including paid personal and sick days

11 paid holidays 

Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

 

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

 

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.