As a Regulatory Compliance and Operational Risk Senior Associate, you will get the opportunity to grow and contribute to our clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Risk Advisory Practice – all with the resources, environment, and support to help you excel. You’ll collaborate with teams to provide comprehensive compliance optimization strategies, to help clients remediate regulatory gaps, streamline operations and limit risk exposure.From day one, you’ll be empowered by the greater Regulatory Compliance team to help clients make the moves that will help them achieve their vision and help you achieve more, confidently. Your day-to-day may include:
Conduct engagement activities including transactional testing, policy, and procedure review, meet preparation, walkthroughs, etc.
Conduct testing activities for Consent Order Validation and independent monitoring engagements, responsible for execution of testing to validate clients address issues identified and meet requirements set forth by regulators
Conduct risk assessment and Consent Order validation testing activities
Facilitate client meetings, performing data analysis and document review, and articulating findings in a written report
Complete workpapers and final deliverables including but not limited to gap assessments, test scripts, planning memos, evaluation memos, preliminary and final report
Participate in the creation and tracking of proposals, engagement work plans, timelines, budgets, project management, resource allocations, and other business development activities as appropriate
Research, analyze, and understand current marketplace issues and emerging regulatory requirements and guidance
Manage and minimize engagement risk by proactively identifying issues and recommended courses of remediation
Maintain active communication with clients to manage expectations, ensure satisfaction, and become a trusted business partner
Other duties as assigned
You have the following technical skills and qualifications:
Bachelor’s degree in Accounting, Economics, Finance, Information Technology, Risk Management, or related field required
Minimum 2 years of related work experience working in compliance, risk or internal audit departments at commercial/retail banks or other financial institutions, in a similar consulting practice required
Proven technical ability handling compliance issues, CRCM certification preferred
Compliance risk management, audit, or risk management, background highly preferred
Knowledge of consumer protection principles, compliance management systems, compliance risk management, consumer protection laws (TILA, ECOA, RESPA, Flood Insurance, HMDA, FDCPA, FCRA, UDAAP, TISA, EFTA, EFAA, SCRA, MLA, Privacy, Fair Lending, etc.)
Understanding of consumer financial products and disclosures, including transaction accounts, savings deposits, time deposits, prepaid cards, mortgages, home equity loans/lines of credit, credit cards, auto loans, student loans, personal loans/lines of credit and overdraft services
Knowledge of operational processes, systems, and controls relating to consumer financial products
Practical experience involving compliance testing, compliance audits, compliance training, data analytics at banks and financial institutions of various types and sizes
Familiarity with regulatory guidelines including but not limited to CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures
Strong oral and written communication, organizational, technical, and analytical skills
Excellent teamwork and collaboration skills
Can travel as needed
The base salary range for this position in the Manhattan Office only is between $103,700 and $155,500. The base salary range for this position in the Los Angeles Office only is between $103,700 and $155,500. About UsAt Grant Thornton, we believe in making business more personal and building trust into every result – for our clients and you. Here, we go beyond your expectations of a career in professional services by offering a career path with more: more opportunity, more flexibility, and more support. It’s what makes us different, and we think being different makes us better.About the TeamThe team you’re about to join is ready to help you thrive. Here’s how: Whether it’s your work location, weekly schedule or unlimited flex time off, we empower you with the options to work in the way that best serves your clients and your life. Here, you are supported to prioritize your overall well-being through work-life integration options that work best for you and those in your household. We understand that your needs, responsibilities and experiences are different — and we think that’s a good thing. That’s why we support you with personalized and comprehensive benefits that recognize and empower all the identities, roles and aspirations that make you, well, you. See how at www.gt.com/careers When it comes to inclusion, we are committed to doing more than checking boxes. Explore all the ways we’re taking action for diversity, equity & inclusion at www.gt.com/careers Here’s what you can expect next: If you apply and are selected to interview, a Grant Thornton team member will reach out to you to schedule a time to connect. We encourage you to also check out other roles that may be a good fit for you or get to know us a little bit better at www.gt.com/careers. Benefits: We understand that your needs, responsibilities and experiences are different, and we think that’s a good thing. That’s why we support you with personalized and comprehensive benefits that recognize and empower all the identities, roles and aspirations that make you, well, you. For an overview of our benefit offerings, please visit: https://www.grantthornton.com/careers/rewards-and-benefits
Benefits for internship positions: Grant Thornton interns are eligible to participate in the firm’s medical, dental and vision insurance programs and the firm’s employee assistance program. Interns also receive a minimum of 72 hours of paid sick leave, and are paid for firm holidays that fall within their internship period.
Benefits for seasonal employee positions: Grant Thornton seasonal employees are eligible to participate in the firm’s medical, dental and vision insurance programs and the firm’s employee assistance program. Seasonal employees may also be eligible to participate in the firm’s 401(k) savings plan and employee retirement plan in accordance with applicable plan terms and eligibility requirements. Seasonal employees receive a minimum of 72 hours of paid sick leave.
Grant Thornton employees may be eligible for a discretionary, annual bonus based on individual and firm performance, subject to the terms, conditions and eligibility criteria of the applicable bonus plan or program. Interns and seasonal employees are not eligible for bonus compensation.
Additional Details:
It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including, but not limited to, recruiting, hiring, training, working conditions, promotion, transfer, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy or pregnancy-related condition, sexual orientation, gender identity or expression, citizenship status, veteran status, disability, handicap, genetic predisposition or any other characteristic protected by applicable federal, state, or local law.
Consistent with the Americans with Disabilities Act (ADA) and applicable state and local laws, it is the policy of Grant Thornton to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. To make an accommodation request, please contact HR@us.gt.com.
For Los Angeles Applicants only: We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.