The Senior Analyst - Operational Compliance, Indirect Lending is responsible for assisting with designing, developing, bringing to execution, and subsequent monitoring and testing of Operational Compliance issues to support the business and compliance requirements of Indirect Lending. Responsibilities further include working directly with internal and external providers of fair lending risk analyses to ensure accurate required reporting. Additional duties include providing recommendations related to the results of monitoring and testing, as well as recommendations for new processes and improvements based on analytical results. Position also will analyze bank loan system settings and control data, to determine accuracy and confirm compliance with legal requirements. Also assigned by Indirect Lending management to specific projects and initiatives to provide detailed-level business experience and analytical knowledge in an effort to accomplish goals and objectives.
Assist with performance of ongoing risk assessments and compliance reviews to ensure compliance policies and risk controls are operating appropriately. Create analyses of risk assessments for LOB business group(s). Identify and analyze factors which may affect risk mitigation and compliance with applicable regulatory requirements.
Elevate high profile or high risk cases to the Compliance Manager and LOB management to ensure visibility and prompt resolution.
Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in line(s) of business
Validate that issues identified through compliance monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate.
Provide advisory services on compliance matters to LOB management and staff (first line of defense). Work proactively with 2nd line contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented.
Consult on new products, services and automated systems to assist the LOB(s) with incorporating compliance requirements into these initiatives.
Conduct end-to-end complex process analyses
Conduct in-depth, end to end testing and reviews of Indirect Lending systems, products, programs and processes for adherence of compliance requirements.
Prepare and present data-related detailed assessments and recommendations.
Identify possible enhancements to LOB Compliance tools and processes and communicate them to management.
Assist LOB management and staff in communicating and implementing changes to applicable regulatory policies and procedures.
In conjunction with Corporate Compliance team and Indirect Lending LOB Compliance team, assess control environment as outlined by processes, guidelines, and flowcharts, and contribute to determination of whether or not underwriting and funding processes are operating effectively
Determine potential gaps in current data and processes
Conduct bank loan system testing to confirm accuracy of default settings and controls
Actively participate in new initiatives and projects
Establish working relationships with Corporate Audit, Corporate Compliance, and Fair Lending to understand changes and updates to the banking industry as it relates to Indirect Lending Products.
Knowledge & Skills:
Relevant experience in business complex data analytics and processes (5 years)
Extensive quantitative problem-solving experience (5 years)
Project participation at detailed data level (5 years)
In-depth knowledge of Consumer Lending. Indirect Lending auto/marine/RV processes and related data a plus. (5 years)
Advanced Excel knowledge (and other analytical tools necessary)
Knowledge of XAM master controls and default settings related to system charges, fees, and allocations.
Excellent proven judgment, logic, and reasoning
Written and oral presentation skills
Ability to work with Indirect Lending senior management, as well as bank second and third lines of defense.
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