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Teachers Federal Credit Union · 5 hours ago

Control Testing Specialist- Lending

Hauppauge, NY

Full-time

Onsite

Mid Level

$28/hr - $33.50/hr

3+ years exp

Teachers Federal Credit Union is a leading credit union committed to helping its members build a strong financial foundation. The Control Testing Specialist is responsible for executing risk-based compliance tests to evaluate the effectiveness of internal controls related to lending products and services, ensuring adherence to relevant regulations.

BankingFinance

Responsibilities

Execute risk-based compliance testing for key lending and other regulations such as, but may not be limited to: Truth in Lending Act (TILA/RegZ), RESPA, Equal Credit Opportunity Act, HMDA, Flood, SAFE Act, Consumer Leasing, FDCPA, TRID, FCRA etc

Perform detailed transactional testing of loan files from application to closing, member disclosures, billing statements & disputes, error resolution protocols, advertisements, Mortgage Loan Officer performance, call monitoring, etc

Document test steps, evidence and results in formal workpapers to create a clear and auditable trail

Identify control weaknesses and assist in documenting the underlining root cause as well as validation of corrective actions taken by the business lines

Performs other duties as needed upon request by immediate supervisor

Qualification

Lending regulationsCompliance testingRisk managementMicrosoft SuiteAttention to detailWritten communicationTeamworkIndependent work

Required

Associates degree required or a minimum of four years directly related experience required

Minimum three years experience in a compliance, audit, quality control or other risk management role with a focus on reviews, testing or general quality assurance tasks

Knowledge of Lending regulations is required

Attention to detail, strong written communication skills for documenting findings and the ability to work independently and work teams is required

Proficient in Microsoft suite applications

General understanding of Compliance, Risk or Audit testing