Posted May 09 Descriptio
Job Summary:
The Compliance Analyst II plays a crucial role in supporting the department with the oversight and examination of various Dodd-Frank and Consumer Protection related activities across MoneyGram. The Compliance Analyst II will focus on the day-to-day activities associated with critical sub-components of the Dodd-Frank Consumer Protection monitoring program to ensure:
- That the business operates in accordance with all legal and regulatory requirements
- That all group standards relating to consumer protections are met
- That MoneyGram is able to form sound judgements concerning reputational and other risks while meeting expectations of regulators and other compliance stakeholders.
To achieve the above described responsibilities, the incumbent will be required to research critical level items and ensure that these items are properly managed, documented and able to be communicated. In addition, the incumbent may be required to interact with mid-level management, legal department representatives, senior compliance management & department personnel, as needed.
Primary Responsibilities:
- Executes Dodd-Frank and Consumer Protection monitoring activities as designed by management and provides expertise in the areas of regulatory compliance and enterprise risk management
- Performs business process control reviews, program assessment reviews, and other service offerings.
- Works closely with management to develop risk mitigation strategies, implement programs and new requirements, drive implementation of recommendations regarding business & process optimization, internal control & compliance.
- Become thoroughly knowledgeable on several MoneyGram core programs and sub-programs.
- Maintains knowledge of business line functions and strategic goals to best support assigned business lines.
- Researches and promotes laws and regulations at local, state, and federal levels that enhance MoneyGram’s ability to remain in compliance with said laws and regulations.
- Assists in designing and planning remediation actions related to Consumer Protection and Other issues identified through independent testing, self-identification, or other escalation processes.
- Meets with business lines to gain insight and provides guidance into business line products and services and/or related initiatives impacting enterprise risk.
- Performs other duties as assigned.
Qualification
Education:
- BA /BS in business, finance, law enforcement, legal studies, or a related field; may be substituted with equivalent work experience in Money Service Business (MSB), Financial Services, Law Enforcement, Banking, or a related field.
Experience:
- Any combination of relevant education and experience and/or related professional designations/certifications in this field is highly desirable.
- 3+ years' experience in Financial Services, Compliance Investigations, Audit, Quality Assurance or a related field in a Money Service business.
- Experience in a Money Service Business preferred.
Essential Skills
- Working knowledge of Dodd-Frank and Consumer Protection regulatory policies.
- Experience in understanding and analyzing policies, programs, and procedures.
- Demonstrated ability to collaborate with individuals and influence individuals across business and/or functional lines.
- Strong interpersonal, leadership, and relationship skills.
- Proficiency in learning new computer systems.
- Ability to collaborate with people across the enterprise to achieve consensus on regulatory risk issues and appropriate mitigation.
- Experience in creating and delivering presentations.
- Experience in developing and delivering compliance communications to business unit and support function personnel.
- Excellent analytical, communication (verbal and written), organizational, business acumen, and report writing skills.
- Results oriented and able to work with minimum supervision.
- Flexibility to adapt to changing priorities to meet business needs.
- Strong ownership of the learning process.
- Ability to drive positive change leveraging the Program Office staff.
- Exercise sound professional judgment, attention to detail, and observe the highest degree of confidentiality and accuracy in the handling of information received.
Posting details:
Anticipated Base Performance Pay: $58,800-$77,000 (Bonus Target available for this role)
Day 1 Benefits to include:
- Customizable health plan-PPO/High Deductible Plan with Employer HSA Contribution
- 20 Days of Accrued PTO
- 13 Paid Holidays
- 2 Community Service Days
- 401k with Employer Match
- Parental Leave
- Employee Assistance Program
- Tuition Reimbursement
- Money Transfer Reimbursement
- Pet Insurance options
The salary/pay rate listed is a good faith determination that may be offered to a successful applicant for this position at the time of this job advertisement based on company hiring process and budget for this role and may be modified in the future. Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
