Compliance Specialist
BlueChip Financial, United States
Job Description
The Compliance and Audit Specialist plays a crucial role by ensuring the business operates in accordance with all applicable Federal consumer financial laws, company policies and procedures, and the Turtle Mountain Band of Chippewa Indians’ Tribal Lending Code. The Compliance and Audit Specialist will be responsible for executing complex risk-based compliance testing under the leadership of the Director of Compliance amp; Audit to validate business line adherence to applicable laws and regulations. Candidates should possess a general knowledge of the various regulatory consumer compliance laws and regulation and possess audit and testing capability. The Compliance and Audit Specialist will report on findings and share results with business stakeholders, including leadership, and complete other projects to carry out the company’s objectives for the compliance program.
In this role, you will
- Complete assigned compliance tests in a timely manner in accordance with the annual compliance testing schedule.
- Conduct audits and assess whether departments are in compliance with all legal and regulatory requirements and develop strategies to ensure appropriate and effective testing of controls.
- Identify control weaknesses and root causes of compliance deficiencies, conduct extensive research to support regulatory exceptions/control weaknesses and propose appropriate corrective action.
- Obtain and analyze test data from multiple sources, following documented test plans, testing protocols and by leveraging job aids as needed.
- Work closely with internal business units on test questions and follow-up on the resolution of identified audit findings or concerns.
- Assess the adequacy of remediation activities, monitor through completion, and escalate past-due items.
- Prepare high quality work papers and final testing reports.
- Assist with external examination and various audit requests including preparing materials and assisting in the development of responses.
- Work with new vendors to perform due diligence and ensure compliance.
- Assist with other ad-hoc compliance-related projects as requested.
Requirements
- 3+ years monitoring, testing or audit experience within a financial institution; compliance experience preferred
- Deep understanding of company policies
- Ability to manage multiple projects and deadlines simultaneously
- Excellent written skills including ability to prepare reports on compliance audits and drafting policies, procedures or processes
- Excellent communication and presentation skills
- Ability to analyze documentation, previous reports, data, charts, etc. and articulate potential issues
- High degree of integrity, accountability and strong sense of commitment to assigned projects and tasks
- Must be willing to go through training and be open to additional educational opportunities
Essential Skills
- Excellent organization, strong time management skills, including the ability to effectively prioritize work assignments with changing priorities
- Must be a self-starter with strong attention to detail
- Must be able to work independently or in a team environment under minimum supervision
- Able to multi-task and complete projects on time
- Exceptional reading and comprehension skills
- Ability to research regulatory requirements and formulate opinions
- Excellent written and verbal skills necessary to interact and communicate with various levels of business stakeholders, up to and including senior leadership
- Must be proactive in making process/procedure enhancement suggestions geared toward mitigating risk in an ever-changing regulatory environment
- Able to communicate effectively about final testing reports
- Strong sense of ownership and responsibility
Benefits
- The opportunity to help bring much-needed income and economic development to the Turtle Mountain Band of Chippewa Indians
- Competitive salary and performance bonus
- Robust healthcare plans, matching 401K, internet and cell phone line and data reimbursement and four weeks of PTO
- Company sponsored travel to conferences for professional development and training opportunities
About the Company
BlueChip Financial (d/b/a Spotloan.com) is a leading online direct lender founded in 2012 that utilizes advanced underwriting technology to provide short-term loans to Americans in need. BCF is wholly owned and operated by the Turtle Mountain Band of Chippewa Indians of North Dakota, a Federally-recognized Native American Tribe (the Tribe).
BlueChip Financial is an integral part of the Tribe’s economic development efforts, and it is an essential provider of employment opportunities on the Tribe’s reserv