Senior Compliance Analyst

Magnit Direct Sourcing on behalf of Toyota is currently hiring a Senior Compliance Analyst for a temporary assignment in Plano, TX. This is a 6 month contract. The pay range for this role is between $45 - $50 per hour. Benefits:
Medical, Dental, Vision, 401K.

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like  one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high‑quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do.

Grow. with us.

• Supporting the TFSB’s Compliance Department in executing the Bank’s Board-approved Compliance Management Program and executing the testing and monitoring program for the Bank’s deposits portfolio
• A key responsibility is to also provide both external and internal customers with consistent, value‑added services and communication. This position will have responsibility for developing testing and monitoring programs that effectively cover the intended scope and are aligned with the risks and objectives
• Reporting to the TFSB Senior Manager, Regulatory Compliance, this position will be critical to supporting the compliant development and execution of the rapidly growing deposit portfolio
• This person will also be tasked with performing on‑going testing and monitoring and periodic compliance self‑assessments and reviews in order to ensure that once products are in market they remain compliant with applicable regulations
• This position will allow management to meet the requirements of the Bank’s Board-approved Compliance Management Program, thereby ensuring satisfactory Compliance ratings from the FDIC
• A satisfactory regulatory rating is a requirement for enabling the Bank’s management to execute on its strategic vision

• Day‑to‑day compliance functions of a Compliance Management System for a deposits portfolio
• Execute reviews through on‑going testing and monitoring of the Bank’s deposits portfolio and periodic self‑assessments of the Bank’s compliance with policies, procedures and practices established to ensure compliance with all applicable local, state and federal regulatory requirements
• Detect and report potential compliance problems to the CCO and recommend changes or enhancements to improve existing policies and procedures or assist the affected business unit to develop new policies and procedures. Is an active participant in helping to identify the root cause of issues identified
• Prepare documentation that supports conclusions reached as a result of on‑going testing and monitoring and compliance reviews
• Create and execute a testing and monitoring compliance program to ensure vendor performance and adherence to regulatory requirements and compliance policies and procedures
• Research and develop analytical reports and solutions for identified business unit compliance problems. Establish controls to mitigate the risk of material errors
• Deliver and communicate findings resulting from assessments to all levels of management and the Board of Directors
• Review new and existing products, services and channels to evaluate compliance with applicable laws, regulations, and best business practices
• Execute compliance risk assessments by identifying the key risks, assessing mitigating controls to determine the risk profile for the organization, conducting research to evaluate risk and mitigating controls, and leveraging the results of the risk assessments to lead change within the organization
• Act as a representative of the Compliance Department to aid in regulatory change management, company projects and initiatives, and training as it relates to deposits
• Assist in researching and answering questions related to regulations impacting the business
• Stay informed of current laws, regulations, common practices and trends in the regulatory compliance field
• Assist with compliance testing and monitoring of current and future regulatory obligations, regulatory exams, and audits
• Maintain assigned Compliance policies and procedures to ensure alignment…