Compliance Analyst, Testing

Socket.dev; Oklahoma; On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

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Job summary

Socket.dev is seeking a compliance-focused professional to join our team in Oklahoma City. You will ensure adherence to federal and state banking regulations, develop and maintain compliance test scripts, and help scope testing activities aligned with risk appetite.

You will collaborate with process owners, prepare documentation, and provide accurate progress updates while supporting audits and regulatory inquiries. Bachelor's degree and banking experience preferred.

Qualifications

• Bachelore28s degree or equivalent work experience required.
• 1-2 yearse28 experience in banking preferred.

Responsibilities

• Maintain knowledge of federal and state laws, regulations, and guidance.
• Support development and maintenance of compliance test scripts.
• Assist with determining scope of compliance testing.
• Update test scripts in response to regulatory changes.
• Compile documentation for compliance testing.
• Collaborate with data owners to validate content.
• Prepare content for meetings with business partners during testing lifecycle.
• Provide accurate information on observations and testing progress.
• Develop recommendations to minimize compliance risk and improve processes.
• Execute testing activities and document risk mitigation.
• Respond to internal/external compliance inquiries with research support.
• Keep up-to-date on regulatory changes through study and networking.
• Assist with document collection for audits (OCC, VISA, etc.).
• Assess effectiveness of compliance controls.
• Support special projects and other duties as assigned.

Education

Bachelore28 degree or equivalent

1-2 yearse28 banking experience

Job description

Job DetailsJob Location: OKC-Broadway - Oklahoma City, OK 73103Position Type: Full TimeTravel Percentage: NegligibleJob Shift: DayJob Category: Banking

PRINCIPLE DUTIES AND RESPONSIBILITIES

• Maintains effective working knowledge of applicable federal and state laws, regulations, and regulatory guidance.
• Supports the development and maintenance of accurate compliance test scripts to measure the effectiveness of the associated control environment.
• Assists with determining compliance testing activity scope to align with the Bank’s Compliance Risk Assessment and corporate risk appetite.
• Assists with updates to compliance test scripts in response to regulatory updates and Supervisory guidance.
• Compiles requested documentation and formats information needed to conduct compliance testing.
• Partners with senior compliance teammates and process/data owners to validate data content.
• Prepares content for meetings with business partners throughout the compliance testing lifecycle.
• Responsible for providing accurate information regarding observations and testing progress, Provides feedback to help the Bank maintain up-to-date compliance Policies, Program Standards, procedures, guidelines, training documents and other associated forms/documents.
• Works with senior compliance teammates to develop recommendations for updates to processes and systems that will minimize compliance risk, improve performance and productivity, and ensure that specific areas of the bank comply with all relevant laws, regulations, and standards.
• Executes assigned testing activities; creates documentation to evidence execution and risk mitigation.
• Partners with senior compliance teammates to create responses to internal and external compliance inquiries, conducting research and assisting with assessments as necessary.
• Maintains professional and technical knowledge by researching regulatory changes, reading professional publications, attending educational workshops, establishing personal networks, and participating in professional societies.
• Assists with document collection and review needed for any third party (OCC, VISA, etc.) audit requests pertaining to compliance.
• Assesses effectiveness of the implementation and execution of compliance controls.
• Supports special projects and initiatives as assigned.
• Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, or equivalent work experience, required.
• 1-2 years’ experience in banking industry, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES

• Ability to work in a fast paced and rapidly evolving market.
• Strong analytical and conceptual thinking skills, with the ability to propose solutions using data.
• Understanding of existing and emerging bank regulations.
• Understanding of audit processes and compliance with required reporting.
• Ability to analyze compliance procedures and standards.