Payments Monitoring & Testing Senior Analyst

Summary:

Responsible for monitoring and testing the payments program risk-taking activities on an ongoing basis to ensure applicable regulatory requirements are met. Monitoring and Testing activities are performed under the leadership of a Payments Testing Manager.

Qualifications:

Education: Bachelor's degree.

Licenses/Certifications: CRCM, CIA, CAMS or similar professional certifications are preferred.

Experience: Five or more years of experience in compliance testing/monitoring. Experience in a relevant or related monitoring role such as within Compliance, Audit, and/or Risk. Experience working in Financial Services, having demonstrable knowledge of the regulatory environment and associated risks and proven experience of ensuring compliance with regulatory requirements. Or equivalent combination of education and experience.

Essential Functions:

A: Job Specific:

• Executes the Payments Division portion of the annual Compliance Monitoring and Testing Program through planning and conducting reviews to identify and manage consumer compliance risks, including existing and emerging risks associated with the bank's payment program.
• Assists the Payments Testing Manager in developing the Annual Compliance Testing and Monitoring Plan and audit plan.
• Maintains a working knowledge of federal regulations applicable to Payments.
• Maintains a working knowledge of the FDIC Consumer Compliance Exam Manual for assigned areas of review.
• Exhibits in-depth knowledge of relevant laws and regulations, including, as applicable, the Electronic Funds Transfers Act and Regulation E; the Gramm-Leach-Bliley Act, Regulation P, and applicable state privacy laws; Truth in Savings Act, Regulation DD; and state and federal prohibitions against unfair, deceptive or abusive acts or practices (UDAP/UDAAP) in the offering, delivery, or servicing of consumer financial products and services, including regulations and guidance issued and enforced by the CFPB.
• Performs both detailed transactional testing and high-level analysis to assess adequacy of the processes and controls associated with regulatory risks within the payments program. May assist other Payments Division Compliance Testers execute these activities.
• Accurately completes test scripts and workpapers based on the supporting documentation reviewed. May assist with the development of test scripts as well as conduct the first review of other Payments Division Compliance Testers' work papers.
• Clearly and concisely documents any observations and/or exceptions noted, including supporting documentation to evidence results obtained.
• Documents review activity and clearly articulates any potential regulatory violations, and works with management regarding presentation of findings to key stakeholders and senior management.
• Maintains ongoing communication with the Payments d Testing Manager regarding the status of their reviews.
• Promptly escalates any questions or concerns to the Payments Testing Manager for quick resolution.
• Assists the Payments Testing Manager in drafting issues from their reviews and assists with the drafting review report.
• Ensures issues identified from the Monitoring and Testing program are entered in the Issues Management system and monitors the status of corrective action/implementation plans to ensure they are timely and appropriately executed. Upon completion, conducts and documents appropriate action plan validation.
• Performs both detailed transactional testing and high-level analysis to assess adequacy of the processes and controls associated with regulatory risks within the various lines of Business of the Community Bank functions.

Knowledge/Skills/Abilities:

• The ability to communicate effectively and clearly, both in verbal and written communications.
• The ability to manage multiple deadlines in a fast-paced environment, accomplishing multiple tasks and resolving competing priorities effectively.
• Excellent attention to detail and ensuring data accuracy.
• Excellent organizational skills.
• Strong analytical skills, able to dissect complex problems and synthesize large amounts of information.
• Ability to define problems, collect data, establish facts and draw valid conclusions and support decisions with sound reasoning and detailed documentation.
• Self-directed and motivated.
• Strong team player receptive to exchange of ideas and constructive feedback.
• Interpersonal skills, able to interact with people at all levels, comfortable interacting with and presenting to all levels of management.
• Embrace and practice the highest applicable ethical standards of behavior, consistent with the Sutton Bank Service Excellence Elements.
• Working knowledge of payment program regulations.
• Experience building testing and audit plans.
• Experience planning tests, drafting engagement memos, completing work papers, identifying issues and conducting root cause analysis, developing reports, validating closure of issues and reporting test results to senior management.

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, disability or protected veteran status.