What are the responsibilities and job description for the Regulatory/Consumer Compliance Tester (Banking Operations Backend) position at Net2Source Inc.?
Role #1: Consumer Compliance Analyst
Role #2: Consumer Compliance Manager
Location: Mt. Laurel NJ, Wilmington DE, and Charlotte NJ (Hybrid- 2 Days onsite weekly)
Duration: 11 Months Contract
We can discuss the Rate and Client on call.
#1: Consumer Compliance Analyst
- Participate in trainings and knowledge transfer sessions conducted by Client to understand the requirement, scope, and methodology
- Execute testing based on pre-defined test scripts for in-scope processes
- Document the outcomes of each test case as per Client prescribed documentation standards
- Highlight any non-compliance or deviations from Testing and share details with Client stakeholders
Required Qualifications (Must have)
- Undergraduate degree in finance, business administration or related field
- 4 years of work experience
- Experience in federal consumer compliance regulations including TILA (Reg Z), Electronic Fund Transfer Act (Reg E), Equal Credit Opportunity Act (Reg B), Bankruptcy, CAN-SPAM, Children’s Online Privacy Protection Act (COPPA), Privacy, Credit Bureau Reporting – Fair Credit Reporting Act (CBR - FCRA), Record Retention, and Marketing
- 1 to 2 years of consumer compliance transactional testing /quality assurance testing experience
- Working knowledge in MS Office Suite (Excel, PowerPoint, Word)
- Good communication skills, both verbal and written, with the ability to document testing steps and findings
Preferred Qualifications (Good to have)
- Degree in Business, or Risk Management
- Experience in banking and financial products such as credit cards, unsecured lending, and deposits
#2: Consumer Compliance Manager
- Participate in trainings and knowledge transfer sessions conducted by Client to understand the requirement, scope, and methodology
- Perform quality assurance and review over the testing performed by the team members to identify any deviations from the pre-defined test scripts
- Assist team members with performing their testing seamlessly by providing adequate guidance
- Update Client stakeholders on the performance of the team and discuss any challenges, issues impacting the process
- Periodically share findings and status of testing performed
Required Qualifications (Must have)
- Undergraduate degree in finance, business administration or related field
- 5 years of work experience
- Experience in federal consumer compliance regulations including TILA (Reg Z), Electronic Fund Transfer Act (Reg E), Equal Credit Opportunity Act (Reg B), Bankruptcy, CAN-SPAM, Children’s Online Privacy Protection Act (COPPA), Privacy, Credit Bureau Reporting – Fair Credit Reporting Act (CBR - FCRA), Record Retention, and Marketing
- 2 to 3 years of consumer compliance transactional testing experience
- Working knowledge in MS Office Suite (Excel, PowerPoint, Word)
- Good communication skills, both verbal and written, with the ability to document testing steps and findings
Preferred Qualifications (Good to have)
- Degree in Business, or Risk Management
- Experience in banking and financial products such as credit cards, unsecured lending, and deposits
- Strong analytical and problem-solving skills, with the ability to track, report, and mitigate project risks and issues.
- Stakeholder management
