Compliance Testing Analyst

WebBank; Salt Lake City (UT); On-site; USD 70,000 - 90,000; Full time

Job summary

Join a dynamic financial institution as a Compliance Testing Analyst, where you'll support compliance oversight of lending programs. This full-time role involves testing, documentation, and collaboration with teams to ensure adherence to regulations. Ideal candidates will have a strong background in regulatory compliance, along with the ability to work independently in a fast-paced environment.

Benefits

Generous PTO and parental leave

Health insurance options including employer-paid medical, dental, and vision coverage

401(k) with up to 6% match

Employer-paid life and disability insurance

Tuition reimbursement up to $5,250 annually

Qualifications

• 3+ years in regulatory compliance monitoring/testing in financial services.
• Knowledge of federal and state lending laws (e.g., Regulation Z).
• Professional certifications like CIA or CISA preferred.

Responsibilities

• Conduct testing of business practices for compliance with laws.
• Prepare reports on testing results and corrective action plans.
• Stay informed on regulatory changes affecting lending.

Skills

Regulatory compliance monitoring

Testing and auditing

Communication

Decision-making

Education

Bachelor’s degree

Tools

Excel

Word

PowerPoint

Job description

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About WebBank
WebBank (the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As “The Bank Behind the Brand”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, including retailers, manufacturers, finance companies, SaaS, and FinTech firms. The Bank is a leader in digital lending, innovating financial products via embedded finance. It offers various banking services such as loans, credit lines, credit cards, auto-refinancing, and more, mainly focusing on asset-backed lending and credit facilities to strategic partners and lenders. Additionally, WebBank provides commercial insurance premium finance through its subsidiary National Partners.

Position Summary
Reporting to the Vice President of Compliance Testing and Monitoring, this role involves supporting WebBank’s compliance oversight of lending programs. The candidate will perform daily compliance testing activities related to WebBank and its strategic partners, including monitoring policies, procedures, loan practices, and disclosures for adherence to federal and state laws. Candidates in the Salt Lake City area are preferred.

You Will
Primary Responsibilities:

• Conduct monitoring and testing of business practices, policies, loan origination software, marketing, customer communications, disclosures, etc., for compliance with applicable laws and WebBank standards.
• Document evidence of testing and monitoring activities.
• Assist in preparing reports on testing results and corrective action plans.
• Support compliance-related projects and initiatives.
• Stay informed on regulatory changes affecting consumer and commercial lending.
• Collaborate with teams to assess impact of regulatory developments.
• Participate in on-site reviews of strategic partners.
• Willingness to travel up to 10%.
• Refine compliance monitoring programs.
• Review procedures and ensure partner compliance with regulations.
• Perform various testing methods using Excel tools.
• Update internal systems post-testing.
• Share best practices based on trend analysis.

Qualifications

• Bachelor’s degree and/or 3+ years in regulatory compliance monitoring/testing, audit, or control in financial services.
• Experience in banking or financial services environment.
• Knowledge of federal and state lending laws (e.g., Regulation Z, B, UDAAP, FDCPA).
• Proficiency in Word, Excel, PowerPoint.
• Strong communication skills.
• Good judgment and decision-making abilities.
• Effective at interfacing with all management levels.
• Ability to work independently in a fast-paced environment.

Preferred

• Professional certifications (CIA, CISA, AAP, etc.).
• CRCM designation.

Company Perks

• Generous PTO and parental leave.
• Health insurance options including employer-paid medical, dental, and vision coverage, plus HSA.
• 401(k) with up to 6% match, immediately vested.
• Employer-paid life and disability insurance.
• Tuition reimbursement up to $5,250 annually.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Quality Assurance
• Industry: Banking and Financial Services