COMPLIANCE TESTING OFFICER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Updated: Dec 24, 2024 - The Compliance Testing Officer has experience in compliance testing, audit, and assurance functions, with a deep understanding of risk and control assessments and their impact on risk-based testing prioritization. This role demands proficiency in analyzing documentation and presenting recommendations, with a strong ability to perform investigative and analytical tasks under pressure. The officer is also knowledgeable about US regulatory expectations, and skilled in applying testing methodology to diverse products and complex transactions, with excellent communication and organizational skills.

Essential Hard and Soft Skills for a Standout Compliance Testing Officer Resume
  • Regulatory Knowledge
  • Compliance Monitoring
  • Risk Assessment
  • Data Analysis
  • Audit Procedures
  • Legal Documentation
  • Internal Controls
  • Financial Reporting
  • Quality Assurance
  • Policy Development
  • Attention to Detail
  • Critical Thinking
  • Problem Solving
  • Communication
  • Time Management
  • Ethical Judgment
  • Adaptability
  • Team Collaboration
  • Decision Making
  • Analytical Thinking

Summary of Compliance Testing Officer Knowledge and Qualifications on Resume

1. BA in Regulatory Affairs with 8 years of Experience

  • Experience with financial institutions in the regulatory compliance field or a related function of Internal Audit, OCC, FRB, CFPB, DOL, FINRA and SEC rules
  • Working experience in a BOKF Compliance Testing role or Internal Audit role
  • Advanced experience in Consumer protection, Trust, Registered Investment Advisor, Broker/Dealer, or Community Reinvestment activities as a Commissioned Bank Examiner (CFPB, OCC, FDIC, DOJ).
  • In-depth knowledge and understanding of Compliance, fiduciary, securities, and/or investment advisory-related regulations
  • Well-developed oral and written communication skills to effectively represent self and BOKF
  • The ability to present complex information and issues in a clear and concise manner
  • Strong conceptual thinking and analytical skills with the ability to analyze complex problems that include interrelationships and dependencies to identify common themes and solutions
  • Demonstrated ability to establish and build healthy working partnerships with all levels of employees
  • Solid Microsoft Office - Excel and Word experience
  • Strong sense of accountability, taking ownership over projects and responsibilities, and resolving issues proactively
  • Ability to effectively plan time, method, manner and sequence of own work assignments

2. BA in Business Administration with 6 years of Experience

  • Experience executing compliance assurance, regulatory control testing, risk, internal audit, or consulting on internal controls is required.
  • In-depth understanding of audit and compliance practices and methodologies, including risk assessment and internal control concepts.
  • Demonstrated ability and success in interacting with senior leadership, including executive management.
  • Strong analytical skills particularly regarding assessing the probability and impact of a control weakness.
  • Subject matter expert of applicable federal, and state banking laws and regulations with the ability to promptly research regulatory requirements.
  • Ability to clearly define the scope and identify the root cause of the problem, research potential solutions, and engage stakeholders in discussion
  • Ability to identify and understand key risks, issues and trends and to develop meaningful information to be shared with leadership.
  • Excellent written and verbal communication
  • Ability to build and maintain strong working relationships and obtain First Line of Defense engagement regarding risk ownership and mitigation activities.
  • Ability to think strategically and implement processes across multiple LOBs, in partnership with Compliance teammates and first line of defense business partners.
  • Have Certified Regulatory Compliance Manager (CRCM) designation

3. BA in Finance with 4 years of Experience

  • Experience in compliance, preferably in compliance testing, audit, assurance or other internal control functions
  • Knowledge of risk and control assessments and how the results of such assessments influence the risk-based prioritization of testing programs
  • Proven recent experience with compliance testing, audits and/or quality assurance reviews for a global banking institution
  • Demonstrated ability to understand effective and efficient risk controls and gaps within large organizations
  • Ability to perform investigative, and analytical responsibilities in a high-pressure, deadline-driven environment
  • Experience and/or knowledge of US regulators (Federal Reserve, OCC, FDIC) and an understanding of regulatory expectations/requirements
  • Ability to understand and apply testing methodology to a diverse set of products and complex transactions
  • Able to analyze documentation, research solutions, and present recommendations to stakeholders for implementation of non-complex problems.
  • Excellent written and verbal communication skills
  • Strong organizational, planning, and time management skills
  • Proficiency in Microsoft Office – Word, Outlook, PowerPoint and Excel
Relevant Information
Compliance Associate Skills, Experience, and Job Requirements
Compliance Investigator Skills, Experience, and Job Requirements
Compliance Manager Skills, Experience, and Job Requirements
Compliance Coordinator Skills, Experience, and Job Requirements