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Apple Bank · 1 month ago

Compliance Testing / Data Mining Analyst

New York, NY

Full-time

Onsite

Mid Level

$70K/yr - $85K/yr

3+ years exp

Apple Bank is seeking a Compliance Testing/Data Mining Analyst responsible for gathering data for compliance-related monitoring and testing activities. The role involves conducting compliance reviews and validating the integrity of extracted data while ensuring adherence to consumer protection laws and regulations.

Financial ServicesFinTech

No H1B

Responsibilities

Collaborate with the internal Business Intelligence Group to generate high-quality data and reports for compliance monitoring and testing purposes; employ data mining techniques and software tools to develop reports that identify areas for further review, including but not limited to account types, activity patterns, transaction volumes and values, and trends

Apply generated reports to facilitate compliance testing and ongoing activity monitoring

Review and monitor areas of concern identified through Compliance Risk Assessment across various business lines, products, and services

Maintain up-to-date knowledge of all relevant state and federal consumer laws and regulations, including amendments, regulatory guidance, and interpretations; thoroughly review and understand departmental policies and procedures

Conduct compliance testing on business areas and products to evaluate adherence to applicable laws, regulations, and internal policies and procedures

Gather data and design/execute control and process tests during regulatory compliance reviews; document procedures performed clearly in comprehensive workpapers, note non-compliance incidents for preliminary discussion with department leadership and stakeholders to validate identified issues

Prepare and draft final reports for internal distribution to stakeholders; assess stakeholder-developed action plans and proposed remediation timelines

Follow up on identified issues to ensure effective implementation of action plans

Apply generated reports for compliance testing and periodic monitoring of activities

Perform additional responsibilities as assigned

Qualification

Compliance testingData miningConsumer protection lawsFinancial services experienceMicrosoft SuiteVerbal communicationWritten communication

Required

Bachelor's degree in business or data analytics

Minimum 3 years of experience in compliance testing or financial services

Familiarity with consumer protection laws, regulations, or retail banking

Excellent verbal and written communication skills

Proficiency in Microsoft Suite (Word, Excel, PowerPoint)

Preferred

A comprehensive understanding of federal and state consumer protection laws and regulations

Company

Apple Bank

As the largest state-chartered savings bank in New York, with over $17.5B in assets, Apple Bank offers a full range of retail banking services to individuals and businesses across the five boroughs of New York City, Long Island, Westchester and Rockland counties, and New Jersey.

Founded in 1863

New York, New York, USA

1001-5000 employees