Compliance Monitoring and Testing Specialist

The Compliance Monitoring and Testing Specialist will conduct ongoing monitoring and testing to ensure compliance with regulatory requirements. This role requires a background in audit and risk management, focusing on corporate compliance, and involves developing reports on control deficiencies, tracking remediation objectives, and staying informed on federal and state compliance updates.

Client Details

Our client is the New York branch of one of the world's largest financial institutions, operating as a key hub for providing comprehensive banking services, including corporate banking, trade finance, and treasury solutions. With a strong focus on compliance and regulatory adherence, the branch plays a vital role in supporting global business operations, particularly in areas like foreign exchange, lending, and cross-border transactions, while maintaining close ties to its headquarters and regional affiliates. The institution has a solid reputation for facilitating international trade and investment between the U.S. and Asia, leveraging its global reach and financial expertise.

Description

• Monitor and test regulatory and internal controls in business-level procedures and policies.
• Identify control deficiencies and develop detailed reports documenting findings.
• Track remediation objectives for identified control deficiencies.
• Ensure written monitoring and testing results are thoroughly documented and escalated appropriately.
• Participate in planning, execution, and reporting of compliance assurance reviews.
• Validate compliance and regulatory issues.
• Stay up to date with federal and state compliance updates and regulatory changes.
• Support the development of formal compliance monitoring and testing policies, procedures, and workpapers.

Profile

• Bachelor's Degree.
• Ability to work on-site 5 days per week (Monday-Friday) in Midtown New York City.
• Minimum of 5 years in corporate compliance, audit, or risk management.
• Familiarity with U.S. laws and regulations.
• Knowledge of corporate banking and financial institutions, including services like Letters of Credit, Trade Finance, and Clearing.

Job Offer

• Competitive Base Salary ($130,000)
• Professional Growth: Opportunities to enhance your expertise in compliance, audit, and risk management within a dynamic corporate banking environment.
• High-Impact Role: A chance to directly contribute to the organization's regulatory compliance efforts and influence its risk management strategy by identifying and escalating critical issues.
• Collaborative Environment: Work in cross-functional teams, collaborating with various departments, which broadens your experience and networking opportunities.
• Midtown New York City Location: Based in a prime financial hub, offering additional career advancement opportunities in the compliance and banking secto

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Job Requirements: