Senior Compliance Tester

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Regular Full-Time Compliance Buffalo, NY, US

2 days ago Requisition

Salary Range: $65,000.00 To $85,000.00 Annually

Reporting to the Regulatory Compliance Testing Manager, the Senior Compliance Tester will have overall responsibility for risk management and compliance in our testing program. The successful candidate will ensure that the operations of the Compliance Testing Team partners and comply with all federal and state banking laws and regulations related to regulatory compliance. The Senior Compliance Tester will be responsible for assisting in the development, implementation, and maintenance of systems and processes to ensure ongoing compliance of all Deposit and Lending products.

• Execute targeted and complex compliance testing engagements across business lines in accordance with established testing methodologies, while supporting organizational goals and objectives.
• Demonstrate a thorough understanding of business processes, risk and control frameworks, and applicable regulatory and compliance requirements.
• Maintain strong knowledge of federal and state banking regulations applicable to community banks, including consumer protection, lending, deposit, fair lending, and operational compliance requirements, and apply this expertise in the planning and execution of compliance reviews.
• Manage testing schedules and deliverables to ensure assignments, documentation, and reporting are completed accurately and within established deadlines.
• Maintain organized and comprehensive work papers and supporting documentation that substantiate testing results, conclusions, and recommendations.
• Perform quality assurance reviews of testing completed by team members to ensure accuracy, consistency, and adherence to approved testing procedures and methodologies.
• Develop, enhance, and execute risk-based testing plans, continuously evaluating the effectiveness of existing test designs and identifying opportunities to expand testing coverage in high-risk areas.
• Request, analyze, and interpret data from various sources to support testing activities and identify opportunities to improve data integrity, sourcing, and reporting processes.
• Demonstrate the ability to quickly learn and adapt to new technologies, systems, products, services, and regulatory requirements to support department initiatives.
• Communicate testing results, observations, and recommendations effectively to Compliance Officers, Legal Counsel, business leaders, and other stakeholders.
• Exhibit exceptional time management, organizational, and prioritization skills while managing multiple concurrent projects and deadlines.
• Apply strong analytical, critical thinking, and problem-solving skills to assess compliance risks and recommend practical solutions.
• Support the identification, escalation, investigation, and reporting of compliance incidents, including assisting with corrective action plans and remediation efforts.
• Conduct responsibilities with professionalism, integrity, and respect while adhering to organizational policies, procedures, and applicable laws and regulations.
• Champion process improvement initiatives that enhance the effectiveness and efficiency of compliance risk management and testing activities.
• Build and maintain collaborative relationships with internal stakeholders to promote a strong culture of compliance and risk awareness throughout the organization.
• Demonstrate the standards and principles of the Five Star Bank customer experience in every interaction with customers, associates, business partners, and stakeholders, while exemplifying the organization's HEART values and high-performance behaviors.
• Perform other duties and special projects as assigned.

Required:

• Education: Bachelor’s degree in Business, Finance, Accounting, Risk Management, or related field.
• Prior
  
  Experience:
  
  
  • 3+ years’ experience in compliance testing, compliance monitoring, audit, risk management, or regulatory…