In this role, you will evaluate and test the effectiveness of internal controls across various business operations to ensure compliance with regulatory requirements, company policies, and risk management frameworks. Assist to create a monitoring plan (i.e testing) to identify areas of improvements. Work with the lines of business and external partners to communicate review results, opportunities, and root cause analysis. Execute on assigned monitoring plans and test activities and maintain an understanding of risk management and identify and mitigate operational risks.
Responsibilities- Conduct internal controls test to ensure they are operating effectively and comply with regulatory standards and internal policies. Identify control weaknesses or gaps and recommend corrective actions to management.
- Evaluate existing risks in business processes and evaluate the effectiveness of mitigating controls. Assist to identify, assess, and document operational and financial risks across departments.
- Maintain risk and control documentation such as procedures and policies, serve as the subject matter expert on processes, procedures, and operational reviews.
- Prepare reports summarizing testing results, control gaps, and risk assessments. Track and report on remediation progress to ensure timely resolution of identified issues.
- Suggest improvements to existing control procedures based on control testing and risk assessments. Work with cross-functional teams to design and implement control measures.
- Collaborate with various departments to understand operational risks and effectively communicate control deficiencies. Present findings and recommendations to management
- Monitor risk management trends and new regulatory requirements to ensure ongoing compliance and control effectiveness.
- High School or Equivalent - Minimum
- Bachlors Degree - Finance, Business, Risk Management or risk related - Preferred
- 3 years - Audit, controls of financial products, risk management, compliance or risk related - Minimum
- 6 years - Audit, Control Testing, Compliance testing or related
Compensation & Benefits:
Typical hiring range: $61,700 - $94,750 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
