Compliance and Operational Risk Testing Analyst I

Company: USAA
Location: Mount Holly
Posted on: January 13, 2022

Job Description:

Purpose of JobAs a member of the second line of defense, the Compliance and Operational Risk Testing Analyst executes independent testing under the Enterprise Testing program methodology to ensure departmental processes and activities comply with applicable rules, regulations, policies and procedures. The incumbent will compile and retain well documented work papers to create accurate and concise written reports including issues, root cause and recommended corrective action. (Remote Work Available)Job RequirementsAbout USAAUSAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.Primary Responsibilities:Under guidance, develops the steps needed to test and/or analyze compliance with applicable policies/procedures and laws/regulations.Analyzes and assesses formal and informal policies and procedures related to processes and controls for effectiveness related to risk controls.Under minimal guidance, conducts appropriate, independent testing to ensure operational risks and compliance requirements are adhered to.Prepares detailed and objective work papers to support conclusions.Completes assigned compliance and operational risk testing activities in accordance with established timelines and high standards of quality.Gathers information, analyzes data trends, identifies root causes, and provides information to the team and relevant stakeholders.Identifies potential control weaknesses and makes recommendations to remediate issues.Summarizes the results of testing in clear, accurate and concise written reports. Maintains accountability for the completeness and accuracy of testing results/reports.Builds, develops, and maintains relationships with business and internal control partners (Audit, Risk & Compliance, Legal) to facilitate collaboration between all lines of defense for testing.Minimum Requirements:Bachelor's Degree, or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a Degree.4 or more or more years relevant work experience.ICFR, SOX, or Call Report experience requiredAdvanced knowledge of relevant regulatory data sources.Advanced knowledge of data analysis tools and techniques.Advanced knowledge of relevant industry regulations.Advanced knowledge of regulatory compliance. Advanced knowledge of Microsoft Office tools to include Word, Excel and Powerpoint.Preferred Experience:4 or more years of relevant experience independently testing for compliance and/or operational risks, internal/external auditing, or as a federal/state examiner of the roles/responsibilities of the CFO functional area.4 or more years of relevant experience within a banking, insurance, or other financial services industry.Strong understanding of building, testing, and evaluating the adequacy of internal control design and operating effectiveness, preferably with Internal Controls over Financial Reporting, Bank Call Report, Regulation W, or Stress Testing.Demonstrated experience with the execution of Second Line of Defense compliance and/or operational risk testing, including compliance risk management principlesMasters degree in Accounting, Finance, Business, Risk Management, or related field of study.Possesses or working towards one of the following designations: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certified Financial Services Auditor (CFSA), Certified Fraud Examiner (CFE), or Certified Regulatory Compliance Manager (CRCM).Ability to present complex ideas in a clearly articulated, easy to understand format with a proven ability to communicate effectively across 1st and 2nd lines of defense.Compensation:USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $60,300 - $108,600 *(this does not include geographic differential it may be applied based on your work location)Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.*Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.Shift premium will be addressed on an individual basis for applicable roles that are consistently scheduled for non-core hours.Benefits:At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.Please click on the link below for more details.USAA Total RewardsRelocation assistance is not available for this position

Keywords: USAA, Gastonia , Compliance and Operational Risk Testing Analyst I , Professions , Mount Holly, North Carolina