What are the responsibilities and job description for the Compliance and Risk Analyst position at Tekskills Inc.?
Job Summary:
We are seeking a highly skilled Consumer Financial Compliance Expert to join our team. In this role, you will be responsible for performing consumer compliance reviews/testing at a transactional level for banking and financial services products.
About the Role:
The testing process involves selecting a sample of transactions from a larger population and examining them for accuracy, authorization, and adherence to relevant laws, rules and regulations applicable to business products. As a Consumer Financial Compliance Expert, you will be accountable for your own work and the effective coordination of processes and information across related teams.
Responsibilities:
- Perform transactional and control testing based on pre-defined test scripts of business processes and controls.
- Document the outcomes of each test case as per prescribed documentation standards.
- Highlight any non-compliance or deviations from Testing and share details with key stakeholders.
- Develops and/or prepares applicable process and control documentation in collaboration with partners and stakeholders to support decisions.
- Work closely with other members of the Compliance team to identify potential areas of non-compliance and recommend corrective actions.
Qualifications:
Minimum Qualifications:
- Undergraduate degree in finance, business administration or related field.
- Minimum 4 years' of relevant experience.
- Knowledge of banking and financial products such as credit cards, unsecured lending and deposits.
- Conceptual knowledge of the intent and purpose of key regulations including Reg Z, Reg E, Truth in Lending Act (TILA), Record retention, CAN-SPAM Act, Children's Online Privacy Protection Act (COPPA), Credit Bureau Reporting - Fair Credit Reporting Act (FCRA).
- Proficient in using MS Office Suite (Excel, PowerPoint, Word).
- Good communication skills, both verbal and written, with the ability to develop and manage program documentation and executive reports.
Preferred Qualifications/Skills:
- Degree in Business, or Risk Management.
- Experience in consumer compliance related domain within the banking sector.
- Familiarity with key financial products and relevant regulations.
- Excellent verbal and written communication skills, with the ability to convey complex information clearly and effectively to diverse audiences.
- Strong analytical and problem-solving skills, with the ability to track, report, and mitigate project risks and issues.
