Compliance Testing and Monitoring Specialist - Remote - Fintech
Company: Infinity Consulting Solutions
Posted on: May 15, 2022
Compliance Testing Specialist - Remote - Fintech
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
Extensive experience with digital-only banking environments
including mobile-only or mobile first banking.
Liaise with all relevant business partners, both internally and
Stay current with evolving trends of establishing identity in a
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
Experience operating and contributing to a strong compliance
Strong knowledge of consumer and general compliance regulations
including Regulation B, Regulation E, Regulation DD, Regulation Z,
Understanding of sampling methodologies and due diligence.
Prior Quality Assurance experience, a plus.
Skilled with Microsoft Word, Excel, Outlook and related software
CRCM a Plus
Keywords: Infinity Consulting Solutions, Eugene , Compliance Testing and Monitoring Specialist - Remote - Fintech, Other , Remote, Oregon
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