Apple Bank · 1 week ago
Compliance Controls Testing Analyst
New York, NY
Full-time
Onsite
Senior Level
$150K/yr - $170K/yr
7+ years expApple Bank is seeking a Compliance Controls Testing Analyst to support its Compliance Department by evaluating internal business units and ensuring regulatory compliance. The role involves conducting compliance testing, preparing reports, and collaborating with various departments to address compliance issues.
Financial ServicesFinTech
No H1B
Responsibilities
Execute compliance testing reviews of business areas and products to determine compliance with laws and regulations, as well as internal policies and procedures
Review departmental policies, procedures and desktop procedures to determine alignment with applicable regulations and completeness and provide recommendations to address identified control gaps and areas of non-compliance
Design and execute tests of controls and processes to determine level of compliance during reviews; document work performed in clear concise and well prepared workpapers; document incidents of non-compliance for preliminary discussion with first line management as well as internal stakeholders for validation of identified issues
Prepare draft and final reports for distribution to Compliance Management and stakeholders; evaluate stakeholder developed action plans and proposed remediation timeframes
Monitor and address identified issues to ensure the prompt execution of agreed action plans
Identify and document existing controls, assess adequacy of control design, provide rationale to support conclusions; develop test plans to assess control effectiveness; execute test plans and document testing performed and testing results to allow third party review to be performed with limited outside explanation
Detect control gaps and inform the Head of Compliance Testing and stakeholders of identified issues in a timely manner; validate issues noted with stakeholders to ensure factual accuracy
Evaluate gaps in testing/monitoring schedule, testing plans, and work paper design to suggest areas for improvement
Keep up-to-date with changes in applicable state and federal consumer laws, regulations, guidances, and interpretations, and help the Head of Control Testing revise test plans as needed
Review system implementation test results prepared by first line, evaluate results and determine adequacy of tests performed and documentation provided to support tests
Collaborate with the Chief Compliance Officer on development of compliance training program for various areas of the bank as necessary
Assist in monitoring, tracking, and responding to both internal audit and regulatory examinations and findings as needed ("MRAs" and "MRBAs")
Coordinate the collection, distribution, and presentation of materials for monthly Consumer Compliance Management Committee meetings and conduct follow-up actions as required
Perform other duties as requested
Qualification
Required
Bachelor's degree required
7 + years of relevant experience in retail branch management or compliance relative to consumer protection laws and regulations
Excellent communication skills (verbal + written)
Strong interpersonal skills and must be proficient in interacting with employees at all levels within the organization
Mandatory training may require occasional travel
Preferred
Proficient in Microsoft Office and intermediate proficiency in Excel preferred
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.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Debi Gupta
Senior Executive Vice President and Chief Technology Officer
Arthur Prusan
Executive Vice President & Chief Credit Risk Officer
Recent News
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