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Compliance Consultant IV The candidate will be responsible for conducting testing of the Operations group within Payments, Virtual Solutions and Innovation. Will provide the Independent Risk Management testing support required by the Corporate Policy requirements that have been implemented by the Enterprise Testing group. Will be primarily focused on tax requirements and policies. Will utilize significant tax expertise to perform regulatory research and analysis on complex new or revised federal and/or state tax issues with a focus on identifying impacts to specific business processes and back shop operations of the bank. Testing operations for compliance with IRS regulations including but not limited to; IRS(A), IRS(C), IRS(F), Backup withholding , NRA and FATCA withholding, etc. Conduct regulatory compliance testing from start to finish. Research and understand the regulatory risks that exist within specific business processes. Design and document regulatory compliance control testing scripts. Develop strategies to effectively sample the relevant population. Evaluate the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls. Identify issues resulting from conducting regulatory compliance examinations. Validate the corrective actions taken by the line of business to resolve identified regulatory issues. Report findings and recommendations to senior management. Work with the line of business to understand the business processes and the controls that have been established to mitigate the risk. Provide credible challenge to line of business group regulatory compliance risk management activities. May manage specific projects and provide guidance to less experienced consultants. Build strong relationships and collaborate effectively across the Operations group, as well as with other line of business, Corporate Compliance, Legal, and Audit partners. Monitor and assess regulatory changes and impacts. Coordinate and support compliance risk assessments (SHRP, etc.). Must have 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both. Advanced Microsoft Office skills are plus. Should preferably have excellent verbal, written, and interpersonal communication skills. Experience reviewing business process and identifying control gaps is a plus. Should preferably have experience developing and enhancing compliance programs; working effectively across business units to identify and mitigate risk; and in auditing/testing IRS federal and state tax regulations or application of tax regulations in a financial environment. MBA, JD or CPA is desired. Should preferably have BS/BA degree in a business or related field. Close Date: 06/16/2018.
Job ID: 5413109
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