Compliance Officer I - Compliance Testing Programs

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GENERAL FUNCTION:
Responsible for conducting testing in accordance with the Compliance Testing Standards and Operating Procedures to ensure compliance with state and federal laws, rules, and regulations. Prepare reporting and actively engage senior LOB leadership to communicate the results of testing and any instances of non-compliance along with guidance toward corrective action of the identified issue root cause.  Works mostly self-directed, with minimal supervisory oversight. Also works within department and cross-department teams.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. Foster an engaging and inclusive work environment. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Conduct reviews of various processes, identifying regulatory compliance risk and testing controls to ensure they adequately mitigate risk
• Execute testing responsibilities in accordance with CT Operating Procedures. Drive reviews with minimal oversight and assistance.
• Develop review timeline from planning to completion that aligns with, and allows for, the completion in accordance with the annual test plan.
• Conduct extensive research (regulatory, prior audits, previous compliance reviews, open issues, industry guidance, etc.) to understand testing environment and aid in development of testing scope. 
• Ensure continuous improvement through the identification and implementation of industry best practices.  Acquires appropriate level of information to stay current on regulatory changes.
• Develop testing scope and corresponding documentation for review and approval from the compliance manager/director.
• Design test plan/scripts to complete required testing. Conduct walkthroughs as needed and request documentation according to CT Testing Standards. Challenge prior testing processes as appropriate and ensure risks are being effectively tested. Ensure compliance controls are working as designed.
• Actively evaluate opportunities to enhance testing methodology and results as part of our continuous improvement e.g. collaborate with data analytics to incorporate automation in to testing where applicable
• Document testing performed by establishing and maintaining comprehensive workpapers that clearly describes the testing methodology and displays the testing results. Ensure workpapers are supported by source documentation, exceptions are clearly documented, and steps to execute is clearly defined. Assists team members to enhance test scripts, challenge testing performed, and ensure CT Standards are adhered to.
• Accurately identify exceptions/issues/process weaknesses and their root cause. Communicate testing concerns with process owners and Compliance Partners to ensure exceptions are accurate and complete and all necessary documentation is maintained. Develop recommendations for corrective action.  
• Draft management reports, including root cause analysis and required corrective action. Ensure Issue and action plans adhere to Compliance Issue Management standards and management responses mitigate the risk of the exception.
• Work with the LOB and Compliance Partners to ensure corrective action is completed timely and that the action was effective in remedying the risk to an acceptable level. Complete timely Issue input, tracking, follow-up, and validation per defined department SLAs.
• Contribute to the execution of compliance risk controls to insure effectiveness and timely resolution to minimize potential finding by external regulatory agencies or internal audit.
• Partner with Manager and/or Director to ensure timely responses to all Regulatory Examination Requests. Conduct thorough research to validate responses and/or documentation provided is accurate and reflective of the request.
• Conduct and/or respond to peer quality reviews objectively, timely and accurately.
• Plan, organize, and lead meetings with CRM Senior Management (CCO and Senior Director Level) or LOB Equivalent
• Attend and participate in departmental meeting including but not limited to, All Hands, lessons learned, and other team specific activities.
• Participates in co