Principal Corporate Compliance Tester

  • Company: Capital One
  • Posted: January 19, 2017
  • Reference ID: R17711
Plano Town Center (31064), United States of America, Plano, Texas

Principal Corporate Compliance Tester

Title: Principal Corporate Compliance Tester
Level: Principal Associate

Job Description:
The Compliance Tester III on the Brokerage Independent Compliance Transaction Testing (ICTT) team performs a key second line of defense role, to help ensure corporate initiatives and departmental processes comply with applicable laws and regulations. The Compliance Tester III will be responsible for designing and executing complex risk-based compliance transaction testing for the purpose of independently validating adherence to applicable FINRA and SEC regulations by the Broker/Dealers. The tester will also be responsible for conducting onsite risk-based inspections throughout the bank’s footprint to ensure that internal, regulatory, security and risk management control systems (i.e., policies, procedures and practices) throughout Branch Distribution are in place and adequate.

-Execute complex transaction testing for brokerage compliance requirements in alignment with team and ICTT methodology and procedures
-Suggest changes to testing or perform high risk testing as needed
-Develop test plans, continually validate and improve test design
-Manage testing schedules to ensure all tasks and reporting are completed within established timeframes
-Obtain and analyze test data from multiple sources, following documented test plans, testing protocols and leveraging job aids as needed
-Support and initiate efforts to improve data sourcing and partner with business and IT areas to develop improved data sources
-Submit test results in PRIME
-Systematically retain documents that substantiate test results
-Establish and maintain strong relationships with Compliance Advisors and Business Areas
-Support ICTT and Compliance audit and exams as needed
-Evaluate operational and regulatory compliance at the branch level by conducting regular onsite inspections throughout the market
-Provide ongoing operational and regulatory compliance feedback to the Branch Management team to ensure understanding and corrective action as a result of findings
-Proactively identify and report compliance and regulatory risks at the branch or organizational level based on branch observations
-Track inspection results for ongoing analysis and trend reporting
-Assist management in the development of the inspection schedules and trend reporting
-Provide ongoing feedback to leaders within Compliance and Sales Management regarding regulatory controls and policy and procedural recommendations based on branch observations
-Assist in the development and delivery of inspection criteria on a regular basis

Basic Qualifications:

-High School Diploma, GED or Equivalent Certification, or Military Experience
-At least 2 years of experience working in financial services, specifically within brokerage or specifically in audit  
-Proficiency with Microsoft Word and Proficiency in Microsoft Excel

-Series 7 certification

Preferred Qualifications: 
-3 years of testing, or 3 years of brokerage compliance, or 3 years of brokerage compliance testing
-Series 24 certification
-Bachelor’s degree

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

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