Full-Time
Bank Regulatory Compliance
Testing Analyst
Updated on 4/25/2024
API-driven banking and payment solutions
Data & Analytics
Financial Services
Compensation Overview
$60,000 - $90,000Annually
Mid
Edgewater, NJ, USA
Required Skills
Communications
Management
Requirements
- 3-5 years’ experience in compliance testing, internal audit, or regulatory compliance within the banking or financial services industry
- Strong understanding of consumer products such as personal loans, lines of credit, deposit accounts, and credit cards
- Experience in designing, performing, and reporting on compliance testing reviews
- Previous experience with development and management of Risk and Control Matrices
- Knowledge and experience in creating and maintaining Compliance Risk Assessments, issue management logs, controls assessments and transactional testing
- Ability to comprehend and analyze consumer compliance banking laws and regulations in areas of focus which include: TILA, ECOA, FDCPA, FCRA, HMDA, UDAAP, EFTA, and TISA
- Knowledge of operational processes and technologies utilized in banking, including deposit account handling, loan servicing and collection, and payment processing
- Proven track record showing ability to maintain high attention to detail while managing multiple assignments and competing priorities
- Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques
- Excellent oral communication and writing skills and ability to interact effectively as a member of a cross-functional team
- Ability to work independently and collaboratively in a fast-paced environment
- Strong interest in technology and innovation. Prior fintech experience a plus
- CRCM and/or JD a plus
Responsibilities
- Execute compliance monitoring, testing, and other reviews in accordance with the established procedures, program methodology and schedule
- Perform comprehensive testing of various consumer lending and deposit processes, systems, and controls to assess adherence to consumer protection laws
- Analyze testing results to identify trends, patterns, and potential compliance deficiencies or control weaknesses, providing recommendations for remediation
- Assist with the development and management of Compliance Risk Assessments
- Assist in the development and enhancement of the Bank’s monitoring and testing standards for performing reviews
- Assist in preparing deliverables and providing support for regulatory exams and/or internal audits
- Maintain accurate and thorough documentation of testing activities, findings and remediation efforts related to consumer lending compliance
- Stay abreast of regulatory developments, industry trends, and emerging risks relevant to consumer banking laws and regulations
Cross River offers API-driven banking infrastructure for customizable card programs, credit and debit cards, accounts issuing, and efficient payment processor solutions, leveraging a proprietary real-time banking core to deliver innovative and scalable embedded payments, cards, and lending solutions to consumers and businesses.
Company Stage
Series D
Total Funding
$987M
Headquarters
Fort Lee, New Jersey
Founded
2008
Growth & Insights
Headcount
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 19%Benefits
Generous parental & leave policies
Completely subsidized health, dental, & vision insurance
Complimentary dry cleaning
On-site haircuts
Endless snacks
Company events