Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.
As a Sr. Compliance Testing Analyst, you will be critical to creating and conducting testing and monitoring of Varo’s products and processes for consumer regulatory compliance adherence.
We’re looking for someone who has prior Audit or Compliance testing and monitoring experience in a regulated banking environment. This person should have a strong knowledge of all consumer compliance regulations. The ideal candidate is a self-starter who can work with limited supervision, has good communication skills, both verbal and written, is detail-oriented, and can multitask and work well under pressure.
What you’ll be doing
- Execute testing related to Varo’s products and processes and adherence to the consumer compliance regulations
- Manage and escalate issues identified to management
- Inspect documents, records, disclosures, systems and reports to validate compliance and identify trends or weaknesses in Varo’s processes
- Create scripts/plans related to the testing of Varo’s products and processes, and maintain workpapers and supporting documents of tests and findings
- Perform research to inform planning and fieldwork for testing
- Collaborate with business units and cross-functional business partners to gain an understanding of the products and processes that are being tested
- Provide verbal and written review results to applicable business units and cross-functional business partners, including findings and observations identified during the review
- Conduct issue tracking, including validation of issue resolution
- Perform testing and analysis related to compliance related consumer complaints
- Perform marketing and procedure reviews
- rovide compliance advisory support on an ad hoc basis.
You’ll bring the following required skills and experiences
- 5+ years of Audit or Compliance testing and monitoring experience in a regulated banking environment
- Strong background in the second line of defense risk management organization, including experience with the consumer compliance regulations, such as Reg B, Reg DD, Reg E, Reg Z, Reg CC, E-Sign, UDAAP/UDAP, FCRA, CAN-SPAM, FDCPA, GLBA, MLA, SCRA, RFPA, and TCPA
- Experience assisting with a continually evolving risk-based testing and monitoring program with a focus on automation and scalability
- Experience providing practical advice under pressure and prioritizing work
- Solid communication skills, both written and verbal, and the ability to succinctly identify and communicate key information
- Proven ability to build effective partnerships with stakeholders
- Strong analytical and deductive reasoning skills
- Ability to problem-solve, review and analyze data, locate its source, effectively assess risk, identify root causes of issues, and identify operational deficiencies
- Attention to detail
- Teamplayer, willing to pitch in and take on stretch goals, as part of a small but nimble compliance team
- Experience with the Google Suite toolset preferred
- Previous work in a Fintech or innovative financial institution preferred
$65,000 – $100,000 a year
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