Senior Compliance Testing Analyst

Summary

Join Varo, a digital bank, as a Sr. Compliance Testing Analyst to conduct testing and monitoring of Varo’s products and processes for consumer regulatory compliance. Execute testing related to Varo’s products and processes and adherence to consumer compliance regulations; manage and escalate identified issues; inspect documents and systems to validate compliance; create testing scripts and maintain workpapers; perform research to inform testing; collaborate with business units; provide written and verbal review results; conduct issue tracking; perform testing related to consumer complaints; perform marketing and procedure reviews; and provide compliance advisory support. The ideal candidate possesses 5+ years of Audit or Compliance testing and monitoring experience in a regulated banking environment, a strong background in consumer compliance regulations, experience with risk-based testing, and excellent communication and analytical skills. The role offers a salary range of $65,000-$100,000 a year, plus bonus, equity, and competitive benefits. Experience with Google Suite and prior work in Fintech is preferred. Varo is an equal opportunity employer committed to diversity and inclusion.

Requirements

• 5+ years of Audit or Compliance testing and monitoring experience in a regulated banking environment
• Strong background in the second line of defense risk management organization, including experience with the consumer compliance regulations, such as Reg B, Reg DD, Reg E, Reg Z, Reg CC, E-Sign, UDAAP/UDAP, FCRA, CAN-SPAM, FDCPA, GLBA, MLA, SCRA, RFPA, and TCPA
• Experience assisting with a continually evolving risk-based testing and monitoring program with a focus on automation and scalability
• Experience providing practical advice under pressure and prioritizing work
• Solid communication skills, both written and verbal, and the ability to succinctly identify and communicate key information
• Proven ability to build effective partnerships with stakeholders
• Strong analytical and deductive reasoning skills
• Ability to problem-solve, review and analyze data, locate its source, effectively assess risk, identify root causes of issues, and identify operational deficiencies
• Attention to detail
• Teamplayer, willing to pitch in and take on stretch goals, as part of a small but nimble compliance team

Responsibilities

• Execute testing related to Varo’s products and processes and adherence to the consumer compliance regulations
• Manage and escalate issues identified to management
• Inspect documents, records, disclosures, systems and reports to validate compliance and identify trends or weaknesses in Varo’s processes
• Create scripts/plans related to the testing of Varo’s products and processes, and maintain workpapers and supporting documents of tests and findings
• Perform research to inform planning and fieldwork for testing
• Collaborate with business units and cross-functional business partners to gain an understanding of the products and processes that are being tested
• Provide verbal and written review results to applicable business units and cross-functional business partners, including findings and observations identified during the review
• Conduct issue tracking, including validation of issue resolution
• Perform testing and analysis related to compliance related consumer complaints
• Perform marketing and procedure reviews
• Provide compliance advisory support on an ad hoc basis

Preferred Qualifications

• Experience with the Google Suite toolset
• Previous work in a Fintech or innovative financial institution

Benefits

• $65,000 - $100,000 a year
• Bonus
• Equity
• Competitive benefits