Compliance Monitoring & Testing Specialist

Social Capital Resources; New York (NY); On-site; USD 48,216 - 61,992; Full time

Job summary

A leading financial institution in New York is seeking a Compliance Monitoring & Testing Specialist. This role involves conducting compliance monitoring and testing, ensuring adherence to regulatory requirements, and documenting findings. Candidates should have a Bachelor's degree and at least 3 years of experience in compliance testing and monitoring. This is a contract position offering competitive pay.

Qualifications

• 3+ years in a compliance testing and monitoring position, focused on non-financial crimes compliance.
• 5 years of working experience in compliance monitoring and testing.
• Knowledge of FRBNY and NYDF regulations.

Responsibilities

• Conduct ongoing monitoring and testing for regulatory compliance.
• Document and escalate non-compliance issues.
• Develop reports on control deficiencies and track remediation.

Skills

Compliance testing and monitoring

Regulatory requirements knowledge

Documentation skills

Analytical skills

Education

Bachelor's Degree

Job description

Compliance Monitoring & Testing Specialist

Base pay range

$35.00/hr - $45.00/hr

Top-Tier Bank in Midtown, Manhattan is seeing a Compliance Monitoring & Testing Specialist for a temporary to permanent position!

Responsibilities:

• Conduct ongoing monitoring and testing to ensure the effective execution and sustainability of the bank's adherence to all regulatory requirements (excluding Financial Crimes Compliance) and escalate any issues of non-compliance
• Work on regulatory requirements specifically Federal Reserve Bank New York (FRBNY) and New York State Department of Financial Services (NYDF) regulations
• Conduct scoping analysis to identify which business units are within scope of testing relative to the regulatory requirement
• Ensure written monitoring and testing results are thoroughly documented, clearly understood, and escalated appropriately
• Monitor and test regulatory and internal requirement related controls in business level procedures or policies and identify control deficiencies
• Develop reports of regulatory and internal requirement control deficiencies including documentation of findings and tracking remediation objectives
• Participate in planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation
• Stay up to date on federal and state compliance updates

Qualifications:

• Bachelor's Degree
• 3+ years in a compliance testing and monitoring position, with a focus on non-financial crimes compliance
• 5 years working experience in the field of compliance monitoring and testing
• Knowledge of Federal Reserve Bank New York (FRBNY) and New York State Department of Financial Services (NYDF) regulations

Seniority level: Associate

Employment type: Contract

Job function: Finance

Industries: Banking and Financial Services