Grant Thornton International Ltd
Regulatory Compliance Risk Senior Associate (Banking)
Grant Thornton International Ltd, Boston, Massachusetts, us, 02298
As a Banking Compliance Risk Senior Associate, you will get the opportunity to grow and contribute to our banking clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Regulatory Compliance Practice – all with the resources, environment, and support to help you excel. You’ll collaborate with teams to provide comprehensive compliance optimization strategies, to help clients remediate regulatory gaps, streamline operations and limit risk exposure.
From day one, you’ll be empowered by the greater Risk team to help clients make strategic decisions that will help them achieve their vision and help you achieve more, confidently.
Your day-to-day may include:
Participate in the creation and tracking of proposals, statements of work, thought leadership contents, and other business development activities as appropriate
Research, analyze, and understand current marketplace issues and emerging regulatory requirements and guidance
Develop and execute engagement work plans in alignment with project objectives, client expectations, and defined timelines
Assist in project management for engagements, including resource allocations and budget management
Manage and minimize engagement risk by proactively identifying issues and recommended courses of remediation
Maintain active communication with clients to manage expectations, ensure satisfaction, and become a trusted business partner
Other duties as assigned
You have the following technical skills and qualifications:
Bachelor’s degree in Accounting, Economics, Finance, Information Technology, Risk Management, or related field
Minimum 3 years of related work experience working in compliance, risk management, or internal audit departments at commercial/retail banks or other financial institutions, or in a similar consulting practice
Proven technical ability handling compliance issues
RCM certification and/or former commissioned bank examiner with the FDIC FRB, OCC, or CFPB preferred
Understanding of the risk-based approach and methodologies used across the different stages of an internal audit, including Risk Assessment, Scoping, Audit Work Program Development, Design Assessment, Operating Effectiveness Testing, Root Cause Analysis, Reporting, and Issue Validation
Knowledge of consumer protection principles, compliance management systems, compliance risk management, and consumer protection laws in the banking industry (UDAP/UDAAP, TILA, ECOA, RESPA, Flood Insurance, HMDA, FDCPA, FCRA, UDAAP, TISA, EFTA, EFAA, SCRA, MLA, Privacy, etc.)
Understanding of banking regulatory hot topics, focus areas, and concepts, such as Fair Lending, Unfair or Deceptive Acts or Practices, Fraud Prevention, Capital and Liquidity Management, etc.
Knowledge and understanding of consumer financial products, including transaction accounts, savings deposits, time deposits, prepaid cards, mortgages, home equity loans/lines of credit, credit cards, auto loans, student loans, personal loans/lines of credit, and overdraft services
Experience with operational processes, systems, and controls relating to the development, marketing, origination, servicing, and termination of consumer financial products at banks and financial institutions of various types and sizes
Practical work experience involving compliance testing/monitoring, compliance audits, compliance training, control testing, and data analytics at banks and financial institutions of various types and sizes
Familiarity with CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures
Strong oral communication, written communication, organizational, technical, and analytical skills
Excellent teamwork and collaboration skills
Can travel as needed
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From day one, you’ll be empowered by the greater Risk team to help clients make strategic decisions that will help them achieve their vision and help you achieve more, confidently.
Your day-to-day may include:
Participate in the creation and tracking of proposals, statements of work, thought leadership contents, and other business development activities as appropriate
Research, analyze, and understand current marketplace issues and emerging regulatory requirements and guidance
Develop and execute engagement work plans in alignment with project objectives, client expectations, and defined timelines
Assist in project management for engagements, including resource allocations and budget management
Manage and minimize engagement risk by proactively identifying issues and recommended courses of remediation
Maintain active communication with clients to manage expectations, ensure satisfaction, and become a trusted business partner
Other duties as assigned
You have the following technical skills and qualifications:
Bachelor’s degree in Accounting, Economics, Finance, Information Technology, Risk Management, or related field
Minimum 3 years of related work experience working in compliance, risk management, or internal audit departments at commercial/retail banks or other financial institutions, or in a similar consulting practice
Proven technical ability handling compliance issues
RCM certification and/or former commissioned bank examiner with the FDIC FRB, OCC, or CFPB preferred
Understanding of the risk-based approach and methodologies used across the different stages of an internal audit, including Risk Assessment, Scoping, Audit Work Program Development, Design Assessment, Operating Effectiveness Testing, Root Cause Analysis, Reporting, and Issue Validation
Knowledge of consumer protection principles, compliance management systems, compliance risk management, and consumer protection laws in the banking industry (UDAP/UDAAP, TILA, ECOA, RESPA, Flood Insurance, HMDA, FDCPA, FCRA, UDAAP, TISA, EFTA, EFAA, SCRA, MLA, Privacy, etc.)
Understanding of banking regulatory hot topics, focus areas, and concepts, such as Fair Lending, Unfair or Deceptive Acts or Practices, Fraud Prevention, Capital and Liquidity Management, etc.
Knowledge and understanding of consumer financial products, including transaction accounts, savings deposits, time deposits, prepaid cards, mortgages, home equity loans/lines of credit, credit cards, auto loans, student loans, personal loans/lines of credit, and overdraft services
Experience with operational processes, systems, and controls relating to the development, marketing, origination, servicing, and termination of consumer financial products at banks and financial institutions of various types and sizes
Practical work experience involving compliance testing/monitoring, compliance audits, compliance training, control testing, and data analytics at banks and financial institutions of various types and sizes
Familiarity with CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures
Strong oral communication, written communication, organizational, technical, and analytical skills
Excellent teamwork and collaboration skills
Can travel as needed
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