AVP, Compliance Testing Lead (Leading Bank)

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Job description

Location(s): Los Angeles, CA; New York, NY; or Washington, DC or 100% Remote candidate choice

Job Description & Synthesis

This colleague will work under the direction of the Chief Compliance Officer for Wealth Management and have responsibility for the development and execution of a risk-based testing program within the Wealth Management lines of business. This includes the execution and maintenance of testing performed internally as well as independently validating and assessing self-testing executed by the business related to compliance. The Testing Analyst Lead will work with the lines of business and compliance peers to establish and maintain appropriate testing forums, testing schedules, and status reporting of all testing activity. Additionally, the Testing Analyst Lead maintains the program and develops and reviews testing reports issued to management.

Specific Responsibilities

• Establish, design, and execute regulatory compliance testing of Wealth Management Work with the Line of Business as well as the Compliance Manager to ensure all rules applicable to the line of business and the products supported are identified so that testing priorities can be evaluated and established.
• Executes, organizes and prioritizes testing in a timely manner ensuring deliverables are achieved while maintaining accuracy.
• Develop and document detailed testing scripts covering the testing of controls evaluations and testing of transactions to assess adherence to compliance rules.
• Prepare testing scope, work papers, and reports capturing final results of testing.
• Work closely with other Sr. Compliance Testing Officers and Testing Manager to ensure consistency among execution of testing and interpretation of rules.
• Keep up-to-date on changes in federal and state compliance laws and regulations impacting the group of assigned compliance focus area(s) and ensure testing scripts reflect such changes.
• Prepare and potentially present reports to management regarding the status of compliance testing in areas of compliance focus.
• Review second line policies and standards for timeliness, completeness, and accuracy
• Determine and communicate requirements for additional first-line policies and standards
• Test compliance with policies and standards Identify key risk control gaps and deficiencies
• Deliver risk management training to the first line of defense Risk Controls Testing and Assurance
• Test the design and effectiveness of key risk controls

Key Qualifications

• Bachelor's Degree with Series 7, 66 or 63&65, with Series 24
• Minimum 5 years of experience within the financial services industry with emphasis on regulatory requirements.
• Minimum of 3 years of experience executing testing efforts or exposure to audit, quality control or back-office functions and results.
• Comprehensive knowledge of FINRA, SEC, MSRB, and state regulations.
• Preferred experience with OCC regulations. Strong testing/audit background related to regulatory compliance rules.
• Experience in Wealth Management products, performing testing, quality control/assurance processes or internal/external audits.
• Strong time management, interpersonal, communication, and leadership skills.
• Strong analytical, research, and problem-solving skills. Excellent verbal and written communication skills.
• Ability to establish credibility and strong partnership with management and peers.
• Ability to work under tight deadlines and successfully manage multiple tasks at one time.
• Ability to work autonomously and initiate and prioritize own work.
• Ability to travel up to 10% of the time.