Business Unit Risk Analyst II - National Bankcard
Full Time
Auburn Hills, MI 48326
Posted
Job description
Business Unit Risk Analyst II - National Bankcard
The Business Unit Risk Analyst position will support the National Bankcard Services department, including Direct Express and Reg E testing. The Risk Analyst will provide oversight of compliance, audit and regulatory reviews and acts as the primary point of contact for management. This position is responsible for providing regulatory expertise to team members and communicating testing results to business unit partners.
The Business Unit Risk Analyst position will support the National Bankcard Services department, including Direct Express and Reg E testing. The Risk Analyst will provide oversight of compliance, audit and regulatory reviews and acts as the primary point of contact for management. This position is responsible for providing regulatory expertise to team members and communicating testing results to business unit partners.
Position Responsibilities:
Control Testing
- Ensures key regulatory timelines and required documents are tested in line with documented test scripts.
- Reviews fraud files for Reg E Compliance; monitors customer service calls; tests for stop payment placement within regulatory guidelines; performs additional testing as required; reports findings to management.
- Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk.
- Develop and implement new testing practices to address regulatory changes.
Policies, Processes, and Procedures
- Monitor and interpret policies, processes and procedures for assigned line of business and support business line with updates/changes as required.
- Recommend ways to reduce testing turn times while balancing operational risk.
- Analyze and make recommendations on department policies, processes and procedures.
- On an annual basis, partners with the business unit(s) to ensure all processes and procedures are in compliance with policies and federal regulations.
Committees and Special Projects
- Management of and/or participation in medium to large sized projects related to risk and compliance.
- Work collaboratively with business units and others on the implementation of new regulations; updates testing scripts and processes when needed.
Position Qualifications
- Bachelor's Degree or High School Diploma or GED and 8 years of Risk experience
- 4 years of experience with financial, regulatory, and audit issues
- 4 years of experience developing and implementing internal controls, policies, and procedures
- Familiarity with audit examination process and knowledge of Regulation E and Pre-Paid cards preferred
8:00am - 5:00pm Monday - Friday
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