Jobe Details

Compliance Risk Assessment Analyst Posted on: 07/03/2019

Infinity Consulting Solutions, Inc
  • 5 to 9 Year(s)
  • -
  • NEW YORK-10020, NY, US

verbal communication skills

  • Job Description

    Compliance Risk Assessment Analyst

    General Description:

    The Compliance Risk Assessment Analyst will assist the Compliance Risk Assessment Officer in developing and maintaining the Compliance Risk Assessment function.

    Duties will include assisting in the development of the risk assessment entity, risk and control frameworks, engaging with business line and compliance staff, and producing reports and metrics to support the execution of the annual risk assessment cycle.

    The Compliance Risk Assessment Analyst will also assist the Compliance Risk Assessment Officer in providing support of related processes, including business line risk assessments and compliance data streams that feed the overall compliance risk assessment.

    Essential Duties

    Assist in the development and maintenance of the compliance risk assessment process, particularly with regard to business line data sources.

    Assist in conducting quality control reviews over risk assessment outputs and communicate regularly with business lines and their corresponding compliance personnel to track assessment status and ensure timely and thorough completion of the risk assessments as directed by the Compliance Risk Assessment Officer.

    Assist in establishing the transaction monitoring review cycles based upon documented controls.

    Assist in establishing a plan of action to develop and document controls which are lacking as determined by the overall compliance risk assessment process.

    Assist in the ongoing enhancement of the risk assessment processes and integration with broader Compliance and enterprise functions as directed by the Compliance Risk Assessment Officer.

    Additional Duties and Responsibilities:

    Assist with the review of business line policies and procedures to identify appropriate controls to support risk profile.

    Assist in assessing and appropriately identifying areas of weak or non-existent controls.

    Liaise with the Legal Department to ensure that all regulatory and legal updates have been incorporated into the business line risk assessments as requested by the Compliance
    Risk Assessment Officer.

    Attend appropriate industry training to keep abreast of current regulatory expectations surrounding risk and the risk assessment process.

    Education and Experience:

    Bachelor’s degree and minimum 5 years industry experience with creating risk assessments or establishing controls testing programs based upon risk assessments.

    Excellent written and verbal communication skills

    Understanding of commercial banking and retail banking and laws and regulations applicable to both.

    Possess strong analytical thinking and critical reasoning skills with a strong attention to detail.

    Self-motivated with the ability to work independently.

    Ability to effectively handle and successfully meet established deadline requirements.

  • Compliance Analyst
    Compliance & regulatory
  • No Preference
    Contract To Hire
  • Candidate Requirements
  • Walkin Information
Recruiter Details
Doug Klares
1350 Broadway, Suite 2205, NEW YORK-10018, NY, US
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