Compliance Testing Analyst

Phaxis; Columbus (OH); On-site; USD 70,000 - 90,000; Full time

Job summary

Phaxis is seeking a Compliance Monitoring and Testing professional to assist in identifying and managing regulatory risks within the Payments Division in Columbus, OH. The role requires staying current with federal regulations and applying the FDIC Exam Manual during reviews.

You will perform detailed testing, document observations, and draft findings with remediation plans. Candidates typically have 1–3 years in compliance testing or 5 years of related experience, with CRCM/CIA/CAMS preferred.

Qualifications

• Bachelor's degree required.
• CRC M / CIA / CAMS or similar certifications preferred.
• 1–3 years in compliance testing, monitoring, or auditing within financial services; or 5 years relevant experience.

Responsibilities

• Assist in executing the Compliance Monitoring and Testing Program to identify and manage compliance risks in the Payments Division.
• Maintain knowledge of federal regulations and use the FDIC Consumer Compliance Exam Manual for reviews.
• Understand laws such as Third-Party Risk Management, EFT Act, GLBA, and related regulations.
• Conduct detailed transactional testing and analysis to evaluate regulatory risk processes and controls.
• Complete test scripts and workpapers with supporting documentation.
• Document observations and exceptions clearly, with evidence for findings.
• Communicate with management for updates and expedite concerns.
• Draft review findings and reports, ensuring accurate compliance findings and remediation.
• Ensure identified issues are logged in the Issues Management system.
• Collaborate with compliance, legal, payments teams, and senior management as needed.

Skills

Communication

Multi-tasking

Detail oriented

Analytical skills

Organizational skills

Problem solving

Team collaboration

Interpersonal skills

Regulatory knowledge

Payment regulations

Education

Bachelor's degree

CRCM

CIA

CAMS

Job description

• Assist in executing the Compliance Monitoring and Testing Program to identify and manage compliance risks in the Payments Division.
• Maintain knowledge of federal regulations and use the FDIC Consumer Compliance Exam Manual for reviews.
• Understand relevant laws and regulations, including Third-Party Risk Management, Electronic Funds Transfers Act, Gramm-Leach-Bliley Act, and others.
• Conduct detailed transactional testing and analysis to evaluate regulatory risk processes and controls.
• Complete test scripts and workpapers accurately with supporting documentation.
• Document observations and exceptions clearly, providing evidence for findings.
• Communicate proactively with management for updates and expedite concerns promptly.
• Support in drafting review findings and reports, ensuring accurate compliance findings and remediation.
• Ensure identified issues are logged in the Issues Management system.
• Facilitate collaboration with compliance, legal, payments teams, and senior management as needed.

Essential Functions

• Assist in executing the Compliance Monitoring and Testing Program to identify and manage compliance risks in the Payments Division.
• Maintain knowledge of federal regulations and use the FDIC Consumer Compliance Exam Manual for reviews.
• Understand relevant laws and regulations, including Third-Party Risk Management, Electronic Funds Transfers Act, Gramm-Leach-Bliley Act, and others.
• Conduct detailed transactional testing and analysis to evaluate regulatory risk processes and controls.
• Complete test scripts and workpapers accurately with supporting documentation.
• Document observations and exceptions clearly, providing evidence for findings.
• Communicate proactively with management for updates and expedite concerns promptly.
• Support in drafting review findings and reports, ensuring accurate compliance findings and remediation.
• Ensure identified issues are logged in the Issues Management system.
• Facilitate collaboration with compliance, legal, payments teams, and senior management as needed.

Knowledge/Skills/Abilities

• Effective communication skills, both verbal and written.
• Ability to manage multiple deadlines and tasks in a fast-paced environment.
• Strong attention to detail and data accuracy.
• Excellent organizational and analytical skills.
• Problem-solving capabilities, able to synthesize information and draw conclusions.
• Self-motivated and team-oriented, open to feedback.
• Interpersonal skills for interaction with all management levels.
• Knowledge of payment program regulations and experience in planning tests and identifying issues.

Qualifications

• Education: Bachelor's degree required.
• Licenses/Certifications: CRCM, CIA, CAMS, or similar certifications preferred.
• Experience: 1-3 years in compliance testing, monitoring, or auditing within financial services. Familiarity with regulatory environments and compliance assurance. Alternatively, 5 years of relevant work experience.