As a Regulatory Compliance and Operational Risk Senior Associate, you will get the opportunity to grow and contribute to our clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Risk Advisory Practice – all with the resources, environment, and support to help you excel. You’ll collaborate with teams to provide comprehensive compliance optimization strategies, to help clients remediate regulatory gaps, st... more details
As a Regulatory Compliance and Operational Risk Senior Associate, you will get the opportunity to grow and contribute to our clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Risk Advisory Practice – all with the resources, environment, and support to help you excel. You’ll collaborate with teams to provide comprehensive compliance optimization strategies, to help clients remediate regulatory gaps, streamline operations and limit risk exposure.
From day one, you’ll be empowered by the greater Regulatory Compliance team to help clients make the moves that will help them achieve their vision and help you achieve more, confidently.
Your day-to-day may include:
Conduct engagement activities including transactional testing, policy, and procedure review, meet preparation, walkthroughs, etc.
Conduct testing activities for Consent Order Validation and independent monitoring engagements, responsible for execution of testing to validate clients address issues identified and meet requirements set forth by regulators
Conduct risk assessment and Consent Order validation testing activities
Facilitate client meetings, performing data analysis and document review, and articulating findings in a written report
Complete workpapers and final deliverables including but not limited to gap assessments, test scripts, planning memos, evaluation memos, preliminary and final report
Participate in the creation and tracking of proposals, engagement work plans, timelines, budgets, project management, resource allocations, and other business development activities as appropriate
Research, analyze, and understand current marketplace issues and emerging regulatory requirements and guidance
Manage and minimize engagement risk by proactively identifying issues and recommended courses of remediation
Maintain active communication with clients to manage expectations, ensure satisfaction, and become a trusted business partner
Other duties as assigned
You have the following technical skills and qualifications:
Bachelor’s degree in Accounting, Economics, Finance, Information Technology, Risk Management, or related field required
Minimum 2 years of related work experience working in compliance, risk or internal audit departments at commercial/retail banks or other financial institutions, in a similar consulting practice required
Understanding of consumer financial products and disclosures, including transaction accounts, savings deposits, time deposits, prepaid cards, mortgages, home equity loans/lines of credit, credit cards, auto loans, student loans, personal loans/lines of credit and overdraft services
Knowledge of operational processes, systems, and controls relating to consumer financial products
Practical experience involving compliance testing, compliance audits, compliance training, data analytics at banks and financial institutions of various types and sizes
Familiarity with regulatory guidelines including but not limited to CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures
Strong oral and written communication, organizational, technical, and analytical skills
Excellent teamwork and collaboration skills
Can travel as needed
The base salary range for this position in Manhattan Office only is between $99,400 and $149,000.
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