U.S. Bank CQA Compliance Testing Analyst – Payment Services in North Little Rock, Arkansas

General Summary

The successful candidate will conduct testing for Payment Services’ compliance with applicable federal laws and regulations, as well as the adequacy of internal controls. Candidate will develop comprehensive testing plans, determine representative sample selections, execute plans timely, document findings and recommend corrective action when deficiencies are noted. The candidate will provide ongoing support to assigned business units and functions.

Job duties

  • Develop and implement a risk-based compliance approach for assigned areas of expertise.

  • Plan scope and execute regulatory testing of assigned business unit

  • Compile work papers that effectively document test steps, including test objectives, findings, issues, and conclusions

  • Responsible for ongoing oversight of area of expertise to ensure the overall compliance program is fully implemented, comprehensive, and meets regulatory expectations as well as ensuring policies, procedures and RCSA process is implemented and active within the business line FLOD (first line of defense) testing.

  • Gather and analyze data to provide feedback to management regarding testing results

  • Identify and investigate activity that can be indicative of compliance problems and escalate as necessary, including recommending practical solutions

  • Work closely with other key functions such as corporate compliance, enterprise risk management, audit or business supervisory functions

  • Keep abreast of applicable State / Federal laws and regulatory compliance issues through reading and researching applicable publications, news service articles, and external training

  • Exercise sound judgment and ensure integrity of confidential information

  • Work in a fast paced, constantly changing environment to identify and analyze business risks and problem solve, prioritize, and take initiatives

  • Keep senior and executive management fully informed of negative findings, trends or systemic issues identified through testing

  • Author reports summarizing findings and recommended corrective action to senior and executive management

Qualifications:

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Five to seven years of experience in an applicable risk management environment

  • Applicable professional certifications

Preferred Skills/Experience

  • Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business

  • Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls

  • Advanced knowledge of Risk/Compliance/Audit competencies

  • Strong process facilitation, project management, and analytical skills

  • Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs

  • Excellent presentation, interpersonal, written and verbal communication skills

  • Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Minnesota-MN-Minneapolis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180012117

Other Locations: Missouri-MO-Saint Louis, North Dakota-ND-Fargo, United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.