Job Description
Hybrid Role locations: Dallas, NYC, Charlotte, Philadelphia, Arlington, Phoenix
As a Regulatory Compliance Risk Senior Associate, you will get the opportunity to grow and contribute to our banking clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Risk, Regulatory Compliance & Controls Practice – all with the resources, environment, and support to help you excel. You’ll collaborate with teams to provide comprehensive compliance optimization strategies, to help clients remediate regulatory gaps, streamline operations and limit risk exposure.
From day one, you’ll be empowered by the greater Risk team to help clients make strategic decisions that will help them achieve their vision and help you achieve more, confidently.
Your day-to-day may include:
- Participate in the creation and tracking of proposals, engagement work plans, timelines, budgets, project management, resource allocations, statements of work, thought leadership contents, and other business development activities as appropriate
- Research, analyze, and understand current marketplace issues and emerging risk and regulatory requirements and guidance
- Conduct engagement activities including transactional testing, policy, and procedure review, meet preparation, walkthroughs, etc.
- Develop and execute work plans in alignment with project objectives, client expectations, and defined timelines
- Facilitate client meetings, performing data analysis and document review, and articulating findings in a written report.
- Complete workpapers and final deliverables including but not limited to gap assessments, test scripts, planning memos, evaluation memos, preliminary and final report
- Manage and minimize engagement risk by proactively identifying issues and recommended courses of remediation
- Maintain active communication with clients to manage expectations, ensure satisfaction, and become a trusted business partner
- Other duties as assigned
- Conduct testing activities for Consent Order Validation, Issue Management, and independent monitoring engagements, responsible for execution of testing to validate client’s issues identified and meet requirements set forth by regulators.
You have the following technical skills and qualifications:
- Bachelor’s degree in Accounting, Economics, Finance, Information Technology, Risk Management, or related field
- Minimum 2 years of related work experience working in compliance, risk management or internal audit departments at commercial/retail banks or other financial institutions, or in a similar consulting practice
- Proven technical ability handling compliance issues, CRCM certification preferred and/or former commissioned bank examiner with the FDIC, FRB, OCC, or CFPB preferred
- Compliance risk management, audit, or risk management, background highly preferred
- Knowledge of consumer protection principles, compliance management systems, compliance risk management, consumer protection laws in the banking industry (UDAP/UDAPP, TILA, ECOA, RESPA, Flood Insurance, HMDA, FDCPA, FCRA, UDAAP, TISA, EFTA, EFAA, SCRA, MLA, Privacy, etc.)
- Understanding of banking regulatory and risk hot topics focus areas, and concepts such as Fair Lending, Unfair or Deceptive Acts or Practices, Truth in Lending, Truth in Savings, Fraud Prevention, Third Party Risk Management, Regulatory Change Management, Enterprise Risk Management, Credit Risk, and Capital and Liquidity Management, etc.
- Knowledge and understanding of consumer financial products, including transaction accounts, savings deposits, time deposits, prepaid cards, mortgages, home equity loans/lines of credit, credit cards, auto loans, student loans, personal loans/lines of credit, and overdraft services
- Experience with operational processes, systems, and controls relating to the development, marketing, origination, servicing, and termination of consumer financial products at banks and financial institutions of various types and sizes
- Practical work experience involving compliance testing/monitoring, compliance audits, compliance training, controls testing and data analytics at banks and financial institutions of various types and sizes
- Familiarity with CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures
- Understanding of the risk-based approach and methodologies used across the different stages of an internal audit including Risk Assessment, Scoping, Audit Work Program Development, Design Assessment, Operating Effectiveness Testing, Root Cause Analysis, Reporting and Issue Validation
- Strong oral communication, written communication, organizational, technical, and analytical skills
- Excellent teamwork and collaboration skills
- Can travel as needed
- Consistent with the firm’s hybrid work model, this position will require in-person attendance at least two days per week, either at a GT office or client site.
The base salary range for this position in Manhattan Office only is between $103,700 and $155,500.
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Job Tags
Work experience placement, 2 days per week,