Compliance Analyst

The Compliance Monitoring and Testing Analyst is responsible for supporting the Company’s Compliance Management System (CMS) through a dual focus on internal compliance monitoring and third-party risk oversight. This role conducts second-line testing to evaluate adherence to federal and state regulations, internal policies, and control effectiveness. In parallel, the Analyst is responsible for key components of the Third-Party Risk Management Program, including initial due diligence, contract management, onboarding, and ongoing oversight to ensure external partners meet regulatory and contractual standards. Through collaboration with cross-functional teams and continuous improvement efforts, this position helps mitigate risk, drive compliance, and protect the Company from potential consumer harm and regulatory violations.

Essential Duties and Responsibilities: 

• Conduct second-line compliance monitoring and testing to assess the effectiveness of internal controls and the Compliance Management System (CMS). 

• Execute risk assessments to evaluate the Company’s adherence to federal and state consumer financial laws and internal policies. 

• Evaluate third-party compliance with contractual, legal, and regulatory requirements through structured risk reviews during due diligence, onboarding and on an ongoing basis, managing multiple reviews in parallel. 

• Analyze results and data trends to identify root causes of compliance issues and recommend corrective actions. 

• Participate in testing activities related to internally driven changes in products, services, or processes as part of the Company’s change management procedures or those due to regulatory change. 

• Provide summary risk reports and work with internal stakeholders and third parties to implement needed remediation measures. 

• Collaborate with internal stakeholders (e.g., Legal, Information Security, Procurement) to implement and monitor controls that mitigate consumer and third party-related risks. 

• Monitor inventories and remediation efforts to ensure timely resolution of identified compliance gaps and management reporting. 

• Partner with internal teams to coordinate responses to regulatory changes and compliance initiatives. 

• Support the Compliance Director with ad-hoc requests, special projects, and strategic initiatives. 

• Promote a culture of compliance and continuous improvement through process enhancements and stakeholder education. 

 

Qualifications: 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required: 

• Experience with third-party risk assessments and CMS frameworks. 3- 4 years of Compliance Audit/Testing experience; prefers two years of leadership in Compliance function. 

• Solid understanding of federal and state consumer financial laws (UDAAP, Truth in Lending, Truth in Advertising, FDCPA, ECOA, CARD Act, etc.) 

• CTRPR certification highly preferred. 

• Preferred banking experience. 

• Strong understanding of quantitative and qualitative analysis methodologies. 

• Strong critical thinking and attention to detail. 

• Effective communication, analytical, and task management skills. 

• Process improvement oriented.