Compliance Officer II - Testing & Analytics (Remote)

This position is part of the Compliance Testing & Analytics team and performs complex compliance testing in various areas through interpretation of banking regulatory requirements, policies and procedures, data collection, gap analysis, reporting, and risk identification. The position will focus on investment testing (brokerage and securities) and will assist, or lead testing of other business functions as needed. The Compliance Testing & Analytics team is part of the Second Line of Defense Corporate Compliance function responsible for developing and executing the Compliance Risk Management Program of the Bank, which includes implementation of complex regulatory requirements that impact multiple systems, processes, and clients. This role leads the end-to-end compliance testing of relevant business areas with minimal supervision, including processes, internal controls, and substantive testing of transactions in conjunction with applicable laws and regulations to identify potential violations. Maintains expert knowledge of compliance risks and controls, bank operations, systems, and regulations to provide assurance to senior management over compliance status, including detailed knowledge of new and existing laws that impact enterprise activities; identifies strategies and efficiencies to mitigate compliance risk. Reports on issues identified for the business to enhance their processes or systems that improve the overall compliance controls environment. Provides a leadership role for less experienced analysts and consultants in the work group and leads special projects.

This is a remote role that may be hired in several markets across the United States.

• End-to-End Testing: Executes compliance testing for the assigned areas by following Compliance Testing methodology from planning to reporting. Detailed work includes but not limited to regulation mapping, scoping, and planning with key stakeholders and compliance advisors, risk and control identification, walkthrough with process and control owners in focus areas, following a risk-based approach in designing test plans, executing design, and operating effectiveness testing, debriefing with issue owners and senior management on observations, and reporting on findings.
• Data Analysis: Sources, validates, and interprets testing population and sample data. Analyzes process and transactional data for discrepancies and risks, and effectively communicates analysis output in support of issue findings.
• Process Documentation: Uses compliance testing system to document and track the end-to-end work performed and follows the documentation standard to maintain an audit trail.
• Quality Assurance: Responsible for the quality of work produced and follows Compliance Testing process for review and sign-off for each stage of the testing. Ensures the accuracy, compliance, and completeness of required documentation and timely completion of the assigned testing.
• Compliance Expertise: Maintains knowledge of laws, regulations, procedures, and policies that affect the assigned business area through ongoing research and industry involvement. Acts as a resource of Subject Matter Expertise for the areas tested, providing inputs and expertise for complex areas.
• Change Management and Continuous Improvement: Can quickly adapt to changes in a fast-developing environment. Provides ongoing recommendations to Compliance Testing leaders on process improvement and challenges faced by the team. Keeps a growth mindset and drives candid and open conversations with leaders for personal and team development.

• Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Banking OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Banking

Preferred Qualifications

• Familiar with well-known Controls and Risk Management Frameworks such as COSO and BASEL
• General knowledge of wealth management, consumer, and commercial banking business, as well as the relevant regulations for Large Financial Institutions (e.g., for investments/securities, lending, deposits, payments, banking operations, foreign exchange, payments and channels, and data privacy)
• In-depth knowledge of Fed and State regulatory requirements and the application to its compliance risk management program
• Prior compliance testing or internal audit of compliance risks experiences
• Securities Industry Essentials (SIE) and/or Series 7 licenses strongly preferred
• Professional designation in CIA/CISA/CRCM/CAMS and/or statistical data analysis skills a plus
• At least 3 years of financial services compliance monitoring, auditing, risk management, or compliance experience

This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $94,000 and $150,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits