Compliance Testing and Monitoring Specialist - Remote - Fintech

Company: Infinity Consulting Solutions
Location: Remote
Posted on: May 15, 2022

Job Description:

Compliance Testing Specialist - Remote - Fintech
Job Description:

The Compliance Testing Specialist performs testing on third-party payment providers and fintech compliance programs for compliance with laws, regulations and rules governing Payment Processing. Ensure management is continuously informed of all aspects of the Bank's Payment Processing compliance risk. This position will be responsible for the testing of payment processing partners compliance programs including transactions, policies and procedures, and current processes.

Main Job Tasks and Responsibilities :

Operationalize regulatory requirements.

Performing ongoing due diligence of third parties including transactional testing, marketing compliance reviews, and evaluation of compliance management programs.

Understand business, regulatory compliance and BSA/AML requirements for payment processors including MSBs and ensure functions are being performed within those requirements.

Participate in the development of technological enhancements.

Possess strong knowledge of the business line, including the business plan, products.

Review operational procedures and methods and recommend changes for improvement with an emphasis on automation and efficiency.

Function as the liaison between third parties, business lines, operations, and the technical areas and the compliance function to ensure appropriate risk oversight.

Maintain up to date knowledge on regulatory changes and landscape.

Extensive experience with digital-only banking environments including mobile-only or mobile first banking.

Liaise with all relevant business partners, both internally and externally.

Stay current with evolving trends of establishing identity in a digital environment.

Assist in the development, implementation, and periodic performance of key controls.

Maintain the Open Banking compliance library, utilizing current technology whenever possible.

Manage ad-hoc projects, as required

Education and Experience:

Bachelor's Degree or above.

Minimum of 4 years' experience of Payment Processing Compliance and/or financial services audit, operations experience or equivalent.

Experience operating and contributing to a strong compliance management system

Strong knowledge of consumer and general compliance regulations including Regulation B, Regulation E, Regulation DD, Regulation Z, and UDAAP.

Understanding of sampling methodologies and due diligence.

Prior Quality Assurance experience, a plus.

Skilled with Microsoft Word, Excel, Outlook and related software applications.

CRCM a Plus

Keywords: Infinity Consulting Solutions, Eugene , Compliance Testing and Monitoring Specialist - Remote - Fintech, Other , Remote, Oregon