Compliance Analyst, Contingent Worker

Magnit Direct Sourcing on behalf of Toyota is currently hiring a Compliance Analyst for a temporary assignment in Plano, Texas. This is a 12-month contract. The pay range for this role is between $35.00- $45.00/Hr. Benefits:
Medical, Dental, Vision, 401K.

Compliance Analyst will focus primarily on the review, enhancement and documentation of new and revised bank policies, procedures, workflows, control and program documentation. The role will also conduct routine compliance testing, risk assessments and monitoring activities and will support Senior Compliance Analysts for regulatory examinations. This position serves as a key supporting role to deliver on its commitment to meeting high regulatory expectations

• Partner with Department Managers and Subject Matter Experts (SME) to ensure that policies, procedures, user guides and process flow accurately reflect required information and that related documents are aligned.
• Evaluate business processes and translate into accurate, consistent, and concise documentation that follows a logical flow
• As assigned, create new operational user guides and procedures from multiple resources, including but not limited to, regulatory guidance, documentation provided by the business units, SME interviews, process mapping, control documentation and program outlines as needed
• Preparate material for Chief Compliance Officer to submit to Enterprise Risk Committee and the Board of Directors
• Once changes to policies, procedures, and user guides are approved, work with responsible person to ensure updates are posted to the on-line document library and updates are communicated to bank employees.
• As needs arise, may work on related projects in other areas of the bank.
• Conduct Compliance Testing as assigned and complete applicable reporting for publishing by the Chief Compliance Officer;
• Support Regulatory Examinations
• Support management of Compliance Training
• Perform Compliance related Risk Assessments and Testing

• Financial Services Experience
• Knowledge of various areas of banking or financial service operations, including mortgage lending, and a strong understanding of consumer banking regulations.
• Excellent writing and communication skills, including the ability to draft formal documentation, interpret complex regulatory language, and communicate effectively
• Detail and process-oriented
• Basic Data Analytics (Advanced Excel)
• Expertise in Microsoft Office (Word, PowerPoint, Outlook Excel).
• Must be self-directed and able to work both independently and as part of a team to meet goals and objectives.
• Must be organized and skilled at managing multiple priorities.
• Position will initially work remotely and may transition into an office environment depending on company work from home policy updates.

• High School Diploma;
• Minimum of 5 years of relevant experience

• Bachelor’s Degree
• Minimum of 5 years’ experience in banking or financial services industry
• Paralegal Certificate or equivalent legal training
• Experience in regulatory compliance documentation
• Candidates with paralegal, legal assistant, compliance, or similar analytical/documentation experience are strongly encouraged to apply

Work Authorization : Green Card, US Citizen

Preferred years of experience : 5 years

Travel required : No travel required

Shift timings : Hybrid

Magnit is an equal opportunity employer, and all applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, or protected veteran status.

Pursuant to the California Fair Chance Act, Los Angeles County Fair Chance Ordinance for Employers, Los Angeles Fair Chance Initiative for Hiring Ordinance, and San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. Criminal history may have a direct, adverse, and negative relationship with some of the material job duties of this position.

These include the duties and responsibilities listed above, as well as the abilities to adhere to company policies, exercise sound judgment, effectively manage stress and work safely and respectfully with others, exhibit trustworthiness, meet client expectations, standards, and accompanying requirements, and safeguard business operations and company reputation.