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About the Role

Reporting to the Regulatory Compliance Testing Manager, the Compliance Tester will have overall responsibility for risk management and compliance in the testing program, ensuring operations align with federal and state banking laws and regulations. The role involves assisting in the development, implementation, and maintenance of systems and processes for ongoing compliance of Deposit and Lending products.

Responsibilities

Execute targeted, complex testing for line of business compliance requirements in alignment with team and program methodology.
Manage testing schedules to ensure all tasks and reporting are completed within established timeframes.
Systematically retain documents that substantiate test results.
Review tests executed by colleagues for accuracy and adherence to test plan and procedures.
Develop and execute testing plans, continually validating and improving existing design while also identifying new opportunities to execute tests in high-risk areas.
Develop and maintain compliance policies and procedures specific to BaaS operations, addressing the regulatory environment and communicating them to stakeholders.
Request and analyze data, supporting and initiating efforts to improve data sourcing and driving innovation with business partners.
Communicate results to Compliance Officers, Legal, and Business Partners.
Prepare regulatory reports and filings as required.
Develop and implement incident response plans to address and report any compliance breaches or other emergencies promptly.
Champion and execute process improvement recommendations that help to improve effectiveness and efficiencies of business units in mitigating compliance risk.
Fulfill responsibilities with professionalism, respect for others, in accordance with the organization’s policies and applicable laws.
Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders.
Incorporate the high-performance behaviors of HEART in every facet of work.

Requirements

High School Diploma
3+ years experience in compliance testing, risk management, compliance monitoring, quality assurance, control review or audit.
Understanding of and experience applying regulations governing Deposit Accounts and Consumer-based lending products.

Skills

Strong knowledge of regulatory compliance, risk management processes, and issue management.
Experience conducting compliance risk assessments and compliance testing activities.
Extensive knowledge of financial institution policies and procedures.
Extensive ability to read, analyze and interpret government regulations, trade journals and legal documents.
Must be able to respond to common inquiries from regulatory agencies, courts, and outside consultants.
Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals.
Proven ability to work with senior management to solve complex problems.
Strong experience level with all Microsoft Office applications.
Ability to learn new and existing banking software.
Strong time management, organizational, and prioritization skills.
Strong problem solving and conceptual thinking skills.
Ability to explore and quickly grasp new technologies and processes.

Location

Onsite

Work Type

Full-time
Evenings (Occasionally)
Weekends (Occasionally)

Experience Level

3+ years experience

Education Level

High School Diploma

Benefits

Medical, Dental, and Vision Insurance
Health Savings Account
Flexible Spending Account(s)
Company Paid Life Insurance, Long Term Disability, and Short Term Disability
Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
Tuition Reimbursement
Employee Referral Program
Wellness Reimbursement Program
Star Volunteer Program
Employee Banking and Financial Perks
Paid Time Off (PTO)
Company Paid Holidays

About the Company

Five Star Bank