Job Details

Regulatory Compliance Monitoring and Transaction Testing Analyst

Company name
Navy Federal Credit Union

2-5 yrs required

Vienna, VA, United States

Employment Type


Posted on
Nov 26,2019

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Perform risk-based regulatory compliance transaction testing for the purpose of independently validating business line adherence to applicable laws, regulations, policies, and procedures and identifying control deficiencies and the risk implications. Execute compliance testing in accordance with standard second line compliance testing practices by developing and executing test plans, performing targeted transaction testing, obtaining and analyzing test data, and partnering with business units to ensure corrective action plans.

Major Responsibilities

•Develops and executes test plans, continually validating and improving existing test design while also identifying new opportunities to execute testing in high risk areas
•Performs targeted transaction testing for consumer compliance requirements as well as Navy Federal policies and procedures by evaluating lines of business processes and controls in accordance with established timelines and compliance testing guidelines
•Completes special projects and ad hoc assignments as needed
•Performs independent research necessary to understand the scope of assigned reviews
•Obtains and analyzes test data from multiple sources following documented test plans, testing protocols and leveraging job aids as needed
•Identifies control deficiencies, evaluate their risks implications, and draw the appropriate conclusions to best communicate with the lines of business
•Present findings to Regulatory Compliance management and/or affected business units on compliance testing results, discuss deficiencies, and recommend corrective action
•Partner with business units to ensure corrective action plans are developed and implemented
•Understands and implements sound testing and sampling methodologies
•Reviews tests executed by peers for accuracy and adherence to test procedures
•Establishes and maintains strong relationships with Regulatory Compliance subject matter experts and internal organizational business units
•Support audit and exams as needed
•Regularly work with MS Office products including Excel spreadsheets, and other products including but not limited to SharePortal
•Maintains detailed and organized documentation of work product and ensures all tests results are documented within systems of record
•Remains current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards and
•Other duties assigned

Qualifications – Knowledge, Skills and Abilities

•Bachelor's degree in business, management, operations analysis, legal studies, or related field
•2-5 years of compliance and/or regulatory experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices
•Strong auditing or compliance testing experience in Regulatory Compliance and/or Quality Assurance within a financial institution
•Thorough knowledge of compliance issues affecting the organization and the credit union movement
•Experience that demonstrates strong skills in researching and analyzing complex laws and regulations, staff commentaries, legal opinions, court decisions, and other documentation and the analysis of operations to determine and ensure compliance
•Demonstrated ability to clearly and effectively communicate complex issues both verbally and in writing
•Ability to apply critical thinking skills to design and execute compliance testing
•Ability to organize data and findings in a professional and concise manner and clearly articulate test approach and results
•Effective skill to influence, negotiate and persuade to reach agreeable exchange and positive outcomes
•Demonstrated highly effective interpersonal skills for working closely with internal organizational business units
•Ability to independently work on multiple issues concurrently and to exercise independent judgment in establishing priorities
•Ability to prioritize time, work effectively to meet deadlines and demonstrate a sense of urgency
•Ability to organize work, make sound decisions and exercise good judgment
•Effective skill presenting findings, conclusions, alternatives, and information clearly and concisely
•Experience in managing multiple priorities independently and/or in a team environment to achieve goals
•Effective database and presentation software skills
•Effective word processing and spreadsheet software skills
•Demonstrates strong follow-up skills

•Certifications as a compliance professional by a widely recognized certification authority

Hours: Monday - Friday, 8:00am - 4:30pm

Location: 820 Follin Lane SE, Vienna, VA 22180

Company info

Navy Federal Credit Union
Website :

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