Compliance Monotoring & Testing

Compliance Monotoring & Testing

  • Location

    new york, United States

  • Sector:

    Compliance & Financial Crime

  • Job type:


  • Salary:

    Market Rate - Hourly

  • Contact:

    James O'Brien

  • Job ref:


  • Published:

    almost 2 years ago

  • Expiry date:


  • Consultant:




My client is a tier 1 Bank located in Midtown who are looking for a Compliance Monitoring and Testing Manager to join their team for an initial 6-month (rolling) contract.



  • Assist in the development and execution of the Compliance Monitoring & Testing program and methodology
  • Assist in the development of the annual testing plan
  • Lead and/or perform compliance testing, identify issues and make recommendations and report the results
  • Identify potential compliance and risks, and effectively escalate to appropriate individuals
  • Propose methods of testing and execute plans
  • Develop test scripts corresponding to scope of the engagement and business expectations
  • Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/OFAC Sanctions, Volcker Rule and Consumer compliance risks
  • Collaborate with business lines to develop remediation plans to resolve control weaknesses identified through testing
  • Track and validate the implementation of remedial actions submitted by the business owners to verify that issues identified during testing are remediated. Follow up with business owners as necessary
  • Prepare reports for Senior Management that highlights the scope, testing approaches, testing results, and compliance testing activities
  • Review processes and recommend areas of improvements
  • Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing program.



  • 5 or more years in a Compliance Testing, Audit, Operational Risk or equivalent experience within financial services industry preferred
  • Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; writing skill; technical skill; project management; relationship management; team work; planning and organizing; coaching.
  • Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and Risk Governance Framework
  • Comprehensive knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all aspects of Consumer Compliance, BSA/AML and OFAC, and Volcker Rule. Extensive experience in compliance testing
  • Bachelor’s Degree
  • JD, MBA or Master’s Degree preferred
  • Candidate will have been in a senior advisory role providing advice and support to businesses for a number of years.
  • Candidate should be familiar with FSA rules including COLL and UCITs provisions.

  If you would like to have a confidential discussion, then please e mail your resume to me at