Our client, a Leading Global Bank, is looking for a Senior Tester to join their growing team.
PURPOSE
Responsible for conducting testing reviews for the U.S. Compliance Testing Program, a critical program element of the U.S. Regulatory Compliance Management framework for CUSO/IHC; Responsible for producing quality final testing reports and work-papers that thoroughly document reviews; and Responsible for issue reporting and validation.
PRINCIPAL RESPONSIBILITIES
Conducting testing across the CUSO/IHC, resulting in detailed written reports documenting findings
Assisting with the reporting of Test Plan governance, including progress to plan reporting and change management
Provides ideas for the enhancement of the Program by leveraging Compliance Advisory, monitoring plan, and industry research
Responsible for entry of reviews and workpapers to TeamMate, and ancillary TeamMate tasks which may arise, for the purposes of completing plan execution
Responsible for assessing issues and advising on ratings, root causes, etc.
Responsible for escalating high risk issues found to senior management
Responsible for issue entry to CALMA and RegComp and oversight that corrective action has been taken and issues satisfactorily remediated
JOB SPECIFICATIONS AND QUALIFICATIONS Basic Qualifications (Legislative Requirement)
2 – 5 years’ experience in the financial services industry in Compliance testing, branch inspection, Internal Audit or at a financial institutions regulator
Knowledge of FINRA, SEC, MSRB, FRBNY and OCC rules and regulations
Experience with operating in a highly matrixed environment
Excellent communication and presentations skills
Excellent organizational skills
Excellent collaboration and team-building skills
AUTHORITIES, IMPACT, RISK
Reviews and recommends materiality ratings of identified issues
Testing responsibilities are critical components of a well-functioning Regulatory Compliance Management program and it is an expectation of the FRB NY; regulatory criticism may result for failure to meet those expectations; Penalties for regulators may be increased for failures to have a robust testing and monitoring program
