Compliance Controls Testing Analyst

Manhattan, New York Salary range: $150,000 - $170,000 The Compliance Controls Testing Analyst supports the efforts of Apple Bank’s Compliance Department by performing evaluations of internal business units, products, and functions to ensure regulatory compliance, effective internal controls, and alignment with established policies. Key responsibilities include periodic monitoring activities, prompt preparation of comprehensive workpapers, and cooperative engagement with multiple departments. The incumbent will be required to communicate proficiently with employees at all levels of the organization, including senior leadership, to perform monitoring and testing activities and evaluate outcomes. Additionally, the Analyst is tasked with cultivating and sustaining a comprehensive understanding of applicable laws, regulations, and regulatory guidance (LRRs) relevant to the Bank’s Compliance Risk Assessment (CRA) system. This includes familiarity with the scope of monitoring and testing activities. ESSENTIAL DUTIES & RESPONSIBILITIES Execute compliance testing reviews of business areas and products to determine compliance with laws and regulations, as well as internal policies and procedures. Review departmental policies, procedures and desktop procedures to determine alignment with applicable regulations and completeness and provide recommendations to address identified control gaps and areas of non-compliance. Design and execute tests of controls and processes to determine level of compliance during reviews; document work performed in clear concise and well prepared workpapers; document incidents of non-compliance for preliminary discussion with first line management as well as internal stakeholders for validation of identified issues. Prepare draft and final reports for distribution to Compliance Management and stakeholders; evaluate stakeholder developed action plans and proposed remediation timeframes. Monitor and address identified issues to ensure the prompt execution of agreed action plans. Identify and document existing controls, assess adequacy of control design, provide rationale to support conclusions; develop test plans to assess control effectiveness; execute test plans and document testing performed and testing results to allow third party review to be performed with limited outside explanation. Detect control gaps and inform the Head of Compliance Testing and stakeholders of identified issues in a timely manner; validate issues noted with stakeholders to ensure factual accuracy. Evaluate gaps in testing/monitoring schedule, testing plans, and work paper design to suggest areas for improvement. Keep up-to-date with changes in applicable state and federal consumer laws, regulations, guidances, and interpretations, and help the Head of Control Testing revise test plans as needed. Review system implementation test results prepared by first line, evaluate results and determine adequacy of tests performed and documentation provided to support tests. Collaborate with the Chief Compliance Officer on development of compliance training program for various areas of the bank as necessary. Assist in monitoring, tracking, and responding to both internal audit and regulatory examinations and findings as needed ("MRAs" and "MRBAs"). Coordinate the collection, distribution, and presentation of materials for monthly Consumer Compliance Management Committee meetings and conduct follow-up actions as required. Perform other duties as requested. SKILLS, EDUCATION, & EXPERIENCE Bachelor’s degree required. 7 + years of relevant experience in retail branch management or compliance relative to consumer protection laws and regulations. Proficient in Microsoft Office and intermediate proficiency in Excel preferred. Excellent communication skills (verbal + written). Strong interpersonal skills and must be proficient in interacting with employees at all levels within the organization. Mandatory training may require occasional travel. Visa sponsorship not available. We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes. Since 1863, Apple Bank has been a stable banking presence in New York City and its surrounding communities. We seek to put the best interests of our customers first and to manage our company prudently and responsibly. When you join the Apple Bank team, you’ll be working with a group of dedicated and talented professionals focused on delivery of an outstanding customer experience. For more than 160 years, Apple Bank has been invested in our customers and communities, striving always to put their best interests first. Along the way, our employees have been the key to our success. Whether you’re just beginning, continuing or changing your career, Apple Bank offers a range of career opportunities. We’ll support you in developing your potential to the fullest, while you contribute to our growth and success. Apple Bank's employment policy is to provide equal opportunity to all persons. The Bank prides itself in having a diverse and inclusive workforce. No employee or applicant for employment will be discriminated against because of race, color, citizenship status, religion, sex, sexual orientation, creed, national origin, age, physical or mental disability, veteran status, political affiliation, domestic violence victim status, predisposing genetic characteristic, or any other Federal or State legally-protected classes. Apple Bank will make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodation would impose an undue hardship on the operation of our business. If you are interested in applying for an employment opportunity and feel you need a reasonable accommodation pursuant to the ADA, please contact us at [email protected]. Know Your Rights: The Pay Transparency Notice: Apply tot his job