Compliance Testing Team Lead - Financial Crimes

Position Title

Compliance Testing Team Lead

• Financial Crimes

Location

NYCB Plaza

• 102 (Hicksville, NY)

Job Summary

The Financial Crimes Compliance Testing Team Lead is responsible for performing monitoring and testing reviews, ensuring Business Units are complying with applicable laws, rules, regulations and firm policies and procedures. This position performs supervisory oversight of a team of compliance testers who perform monitoring and testing reviews of Business Units to assess the effectiveness of compliance controls that mitigate Financial Crime risk. The position oversees the testing performed to ensure accuracy and completeness of test objectives and conclusions. In addition, the Compliance Testing Team Lead is responsible for completing review planning and scoping documentation, completing test scripts, drafting issues, and performing quality assurance (QA) of testers' work to ensure that the quality, completion and accuracy of testing and monitoring work performed aligns with department standards.

Pay Range: $99,731.70 - $132,144.50 - $197,468.76

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Responsible for timely and successful completion of Compliance Testing reviews assigned.

• Work with the Senior Manager and Department Head to establish the Review objectives, scope, testing approach and sampling techniques to be utilized during testing.

• Schedule and participate in commencement and exit meetings with business/stakeholders.

• Develop and distribute Announcement and Documentation Request Memos for scheduled reviews.

• Perform and oversee compliance tests conducted by Compliance Testing team members.

• Meet with the business/stakeholders to ensure the factual accuracy of issues raised.

• Prepare Compliance Draft Review Reports that summarize results, findings and recommendations for proposed remediations or enhancements for issues noted.

• Obtain adequate management action plans with respect to any findings.

• Document findings and management responses/action plans in the Issues Management System.

• Perform follow-up to ensure timely completion of corrective actions.

• Validate issue remediations and recommend closure of issues.

• Perform Quality Assurance review of testing conducted by the Compliance Testing Team members.

• Assist with the creation and maintenance of departmental Key Performance Indicators and Key Risk Indicators.

• Assist with the development of the Annual Compliance Testing Plan.

• Assist in the Annual Performance Evaluation of Team Members.

• Provide thoughts on continued process improvements and updates to the Compliance Testing Methodology, Procedures and workpaper templates.

• Stay informed of changing regulatory requirements and the firm's business model that might impact the firm's compliance framework and the Compliance Testing plan.

• Complete all required compliance and other firm required training.

• Maintain knowledge of and adhere to all applicable internal compliance policies and procedures and other internal policies and procedures applicable to the role.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.

• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications:

• Education level required: Bachelor's Degree or equivalent work experience.

• Minimum experience required: 10+ Years of Financial Services experience, preferably at least half of those years in Compliance Testing, Internal Audit or a financial services consulting firm (i.e. PWC, E&Y, Grant Thornton, other) with Financial Crimes Compliance testing as an area of focus.

Preferred Qualifications:

• ACAMS, or equivalent certification preferred.

Job Competencies:

• Functional knowledge of Financial Crimes laws and regulations impacting financial institutions.

• Excellent organization and communication skills.

• Demonstrated ability to focus and execute completion on complex matters.

• Ability to manage and provide compliance related oversight to multiple business lines.

• Proven ability to partner effectively across all levels of the organization and develop positive working relationships.

• Ability to supervise staff.

• Physical demands (ADA): No unusual physical exertion is involved.