Compliance Testing, Associate Consultant / Consultant

Responsible for overseeing the review, interpretation, and dissemination of current and proposed laws and regulations. Provides consultation and advice to partners regarding Compliance risk avoidance. Establishes business development strategies to minimize risk and assure compliance with applicable laws and regulation.

Principal Responsibilities

• Review and interpret laws and regulations for the purpose of developing appropriate testing plans

• Independently establish the appropriate scope and test steps for individual reviews

• Conduct and document testing reviews to assess compliance with and adherence to regulations/legislation and internal policies

• Engage with Compliance SMEs to understand any matters for concern related to applicable reviews

• Follow established  policies, procedures and standards for testing activities

• Apply analytical skills to review information and determine potential weaknesses or exceptions to policies / processes

• Validate and summarize testing results in clear, concise language

• Detect and advise Compliance and Business Unit management of potential compliance issues and identify changes and/or enhancements to improve efficiencies in procedures

• Track identified issues to closure via periodic follow up with action owners

• Validation testing to ensure actions have been adequately closed

• Develop relationships with Internal Audit to coordinate testing efforts and share results.

• Conduct meetings with business unit partners and management to discuss testing results and where applicable challenge management responses

• Support the Regional Manager with ad hoc tasks

• Work effectively as an individual contributor as well as in a team environment 

• Develop strong relationships with the first, second and third lines of defense

• May mentor junior level employees and review the work of others

Skills/Experience

• 5-10 years related to compliance, compliance testing/monitoring  or auditing

• Educated to graduate (or equivalent)

• Relevant certifications or advanced degree a plus

• Knowledge of  regulations and key regulatory developments would be an advantage

• Highly motivated individual who has a proven record of using initiative to resolve problems

• Analytical ability to identify and understand problems as well as to provide effective solutions

• Excellent written and oral communication skills

• Attention to detail

• Confidence and expertise to advise and challenge senior management and the business

• Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved

• Ability to deal effectively with multiple competing deadlines