Regulatory Compliance Risk Senior Associate (Banking) - Grant Thornton LLP

As a Banking Compliance Risk Senior Associate, you will get the opportunity to grow and contribute to our banking clients' business needs by providing in-depth technical knowledge on emerging regulations and help organizations leverage efficiencies within the Regulatory Compliance 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 Risk team to help clients make strategic decisions that will help them achieve their vision and help you achieve more, confidently.



Your day-to-day may include:





+ Participate in the creation and tracking of proposals, statements of work, thought leadership contents, and other business development activities as appropriate



+ Research, analyze, and understand current marketplace issues and emerging regulatory requirements and guidance



+ Develop and execute engagement work plans in alignment with project objectives, client expectations, and defined timelines



+ Assist in project management for engagements, including resource allocations and budget management



+ 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



+ Minimum 3 years of related work experience working in compliance, risk management, or internal audit departments at commercial/retail banks or other financial institutions, or in a similar consulting practice



+ Proven technical ability handling compliance issues



+ RCM certification and/or former commissioned bank examiner with the FDIC FRB, OCC, or CFPB preferred



+ Understanding of the risk-based approach and methodologies used across the different stages of an internal audit, including Risk Assessment, Scoping, Audit Work Program Development, Design Assessment, Operating Effectiveness Testing, Root Cause Analysis, Reporting, and Issue Validation



+ Knowledge of consumer protection principles, compliance management systems, compliance risk management, and consumer protection laws in the banking industry (UDAP/UDAAP, TILA, ECOA, RESPA, Flood Insurance, HMDA, FDCPA, FCRA, UDAAP, TISA, EFTA, EFAA, SCRA, MLA, Privacy, etc.)



+ Understanding of banking regulatory hot topics, focus areas, and concepts, such as Fair Lending, Unfair or Deceptive Acts or Practices, Fraud Prevention, Capital and Liquidity Management, etc.



+ Knowledge and understanding of consumer financial products, 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



+ Experience with operational processes, systems, and controls relating to the development, marketing, origination, servicing, and termination of consumer financial products at banks and financial institutions of various types and sizes



+ Practical work experience involving compliance testing/monitoring, compliance audits, compliance training, control testing, and data analytics at banks and financial institutions of various types and sizes



+ Familiarity with CFPB, FDIC, FRB, OCC, and NCUA compliance examination procedures



+ Strong oral communication, written communication, organizational, technical, and analytical skills



+ Excellent teamwork and collaboration skills



+ Can travel as needed





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About Us

At 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 Team

The 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.