Regulatory Compliance Testing – Advisor

Regulatory Compliance Testing – Advisor

Country:
United States of America

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally.

Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

The Advisor, Compliance Testing (CT) plays a crucial role in ensuring SC is in compliance with state and federal regulations. You will be responsible for conducting regulatory compliance reviews independently or in conjunction with peers. The Advisor is responsible for performing compliance reviews of the various Federal and State laws affecting our business, including but not limited to:
Reg. B/ECOA, Reg. Z/TILA, FCRA, FACT Act, FDCPA, UDAP/UDAAP, GLBA/Privacy, Reg. E, SCRA, and MLA.

The purpose of this position is to evaluate policies and procedures, conduct testing to gauge the functionality of essential controls aimed at state and federal compliance, elevate issues related to control deficiencies and regulatory requirements, ensure adherence to enterprise-wide policies, and confirm the effectiveness of remedial actions taken to address identified problems.

• Stay up to date with relevant state and federal laws and regulations, ensuring operations adhere to all requirements.
• Review and assess existing compliance policies and procedures, recommending necessary updates and improvements.
• Document test scope and objectives associated with the review and the control activities being tested.
• Create testing scripts and conduct fieldwork (review of policies and procedures and perform transactional testing).
• Hold weekly meetings with the line of business during testing to clarify processes and present results of testing to date (including receipt and review of responses from the LOB).
• Prepare test presentations that effectively communicate testing results (findings and observations), root cause, and recommendations.
• Hold Exit Meetings with the key stakeholders where agreement on issues occur, ratings are reviewed, and recommendations are finalized.
• Prepare and maintain detailed compliance reports and documentation, including regulatory filings, as required.
• Track CT findings from discovery to remediation and conducting validation of management actions plans.
• Evaluate the design and effectiveness of key controls to address compliance requirements and elevate control deficiencies.
• Contribute to the development, implementation, and execution of the compliance testing, reporting programs, and CT Plan.
• Develop and execute the CT Plan to monitor for compliance with rules, laws, and regulations.
• Participate in the development and enhancement of the CT Methodologies and Standards for testing, monitoring, and reporting.
• Develop effective relationships within CT and with other stakeholders including business and technology process owners and Internal Audit.
• Promote knowledge sharing and promulgation of best practices across CT and the business.
• Identify industry best practices and share insight with the CT team on a regular basis.
• Inform Compliance management of significant compliance matters that require their attention or action.
• Work closely with cross‑functional teams, including Legal, Risk Management, and Operations, to ensure seamless compliance efforts.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be…