Compliance Testing Officer I

Company: BOK Financial
Location: Tulsa
Posted on: November 24, 2020

Job Description:

Req ID: 58709
Areas of Interest: Risk Management, Compliance
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies. .
The Compliance Testing Officer I performs a key second line of defense role to ensure corporate initiatives and departmental processes comply with applicable laws and regulations. The position supports overall compliance through execution of testing programs designed to evaluate the effectiveness of business practices in meeting respective regulatory compliance. Key responsibilities include preparation of detailed compliance testing reports to Managers and Directors, assisting in formulating remediation plans, root cause analysis and issue tracking. The Level I Officer works closely with manager and more senior Testing Officers on moderately complex testing assignments.
PRINCIPAL DUTIES AND RESPONSIBILITIES

- Compliance Testing

- Participates in the development of testing schedules and with guidance from manager and more senior Compliance Testing Officers, identifies testing controls and develops strategies to ensure appropriate testing

- Tests controls; identifies issues; performs root cause analysis; develops recommendations on issue remediation; and ensures adequate supporting evidence and documentation is maintained in the system of record

- Effectively Interacts with line of business representatives to ensure results are understood and recommendations are implemented

- Remediation Plan Oversight

- Analyzes remediation plans to determine accuracy and ensure risk mitigation

- Monitors remediation plan execution and verifies and documents plan completion
KNOWLEDGE, SKILLS and ABILITIES:
- Bachelor's degree or equivalent combination of education and experience.
- Completed or working towards CRCM, CAMS, CFIRS, CIA, IAACP or equivalent
- Minimum 5 years' experience with financial institutions with at least 2 years in the regulatory compliance field or a related function of Internal Audit, OCC, FRB, CFPB, DOL, FINRA and SEC rules; or equivalent combination of education and experience.
- Experience in Consumer protection, Trust, Registered Investment Advisor, Broker/Dealer, or Community Reinvestment activities would be beneficial as a Commissioned Bank Examiner (CFPB, OCC, FDIC, DOJ).
- General knowledge and understanding of: Compliance, fiduciary, securities, and/or investment advisory related regulations included but not limited to the following: BSA/AML; Reg AA—Unfair, Deceptive, Abusive Acts and Practices; Reg B—Equal Credit Opportunity Act; The Fair Housing Act; Reg C—Home Mortgage Disclosure Act; Reg V—Fair Credit Reporting Act; Reg P—Privacy of Consumer Financial Information; Reg BB—Community Reinvestment Act; Reg Z—Truth In Lending Act; Reg X—Real Estate Settlement Procedures Act; Reg DD—Truth In Savings Act; Reg F—Fair Debt Collections Practices Act; Reg CC—Expedited Funds Availability Act; 12 CFR 9, 12 CFR 12, Trust Indenture Act, ERISA, Transfer Agent Rules; Investment Advisers Act of 1940, Securities Exchange Act of 1934, FINRA and Municipal Securities Rulemaking Board
- Well-developed oral and written communication skills
- Conceptual thinking and analytical skills with the ability to analyze complex problems that include interrelationships and dependencies in order to identify common themes and solutions
- Demonstrated ability to establish and build healthy working partnerships with all levels of employees
- Solid 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
BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!

Apply today and take the first step towards your next career opportunity!

BOK Financial is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.
Please contact recruiting_coordinators@bokf.com with any questions.

Keywords: BOK Financial, Tulsa , Compliance Testing Officer I, Other , Tulsa, Oklahoma