What are the responsibilities and job description for the Transactional Compliance Tester – Credit Cards and Consumer Protection position at Tekskills Inc.?
Job Title : Consumer Compliance Tester
Location : Mt Laurel, NJ and Wilmington, Delaware (Hybrid)
Duration : 6 Months
Job description:
In this role, you are required to perform consumer compliance reviews/testing at a transactional level for banking and financial services products. 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.
Responsibilities
- Performs transactional compliance 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 compliance testing 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.
- Accountable for own work and effective coordination of processes and information across related teams.
Qualifications we seek in you!
Minimum Qualifications
- Undergraduate degree in finance, business administration or related field
- Minimum 4 years’ of relevant experience
- Experience in transactional compliance testing of banking and financial products such as credit cards, unsecured lending and deposits
- Experience in transactional compliance testing, particularly covering regulations in the areas such as: Bankruptcy, CAN-SPAM, Children’s Online Privacy Protection Act (COPPA), Privacy, Credit Bureau Reporting – Fair Credit Reporting Act (CBR - FCRA), Record Retention, and Marketing
- 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
- 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.
