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Phaxis · 1 day ago

Payments Monitoring & Testing Analyst

Columbus, OH

Full-time

Hybrid

Entry Level

1+ years exp

Phaxis is seeking a Payments Monitoring & Testing Analyst to support monitoring and testing of the Payments Division Program to ensure compliance with regulatory requirements. The role involves executing compliance monitoring and testing, maintaining regulatory knowledge, and collaborating with various stakeholders.

DeliveryHuman ResourcesStaffing Agency

Responsibilities

Assist in executing the Payments Division portion of the annual Compliance Monitoring & Testing Program, including planning and conducting reviews to identify compliance risks

Maintain working knowledge of regulations impacting payments, leveraging the FDIC Consumer Compliance Exam Manual

Demonstrate understanding of laws and regulations including Reg E, Reg P, Reg DD, GLBA, privacy laws, UDAP/UDAAP, and third-party risk management guidance

Perform transactional testing and control analysis to evaluate adequacy of processes and controls

Accurately complete test scripts, workpapers, and documentation of findings

Draft and support clear documentation of observations, potential violations, and review activities

Communicate proactively with the Testing Manager and escalate issues promptly

Support Senior Analyst/Manager in drafting reports, findings, and recommendations for remediation

Track and document issues in the Issues Management system

Collaborate with compliance, legal, payments, and senior management as needed