Compliance Testing / Data Mining Analyst

New York, New York Salary range: $70,000 - $85,000 The Compliance Testing/Data Mining Analyst is tasked with gathering the data required for compliance-related monitoring, testing activities, and validating the integrity of extracted data. This role involves conducting compliance reviews of various Apple Bank business units, processes, and products identified in Apple Bank's Compliance Risk Assessment, as well as performing ad hoc reviews as assigned to evaluate the effectiveness of existing controls. A comprehensive understanding of federal and state consumer protection laws and regulations is preferred. The position requires regular interaction with management at all levels throughout the execution of compliance testing reviews. ESSENTIAL DUTIES & RESPONSIBILITIES Collaborate with the internal Business Intelligence Group to generate high-quality data and reports for compliance monitoring and testing purposes; employ data mining techniques and software tools to develop reports that identify areas for further review, including but not limited to account types, activity patterns, transaction volumes and values, and trends. Apply generated reports to facilitate compliance testing and ongoing activity monitoring. Review and monitor areas of concern identified through Compliance Risk Assessment across various business lines, products, and services. Maintain up-to-date knowledge of all relevant state and federal consumer laws and regulations, including amendments, regulatory guidance, and interpretations; thoroughly review and understand departmental policies and procedures. Conduct compliance testing on business areas and products to evaluate adherence to applicable laws, regulations, and internal policies and procedures. Gather data and design/execute control and process tests during regulatory compliance reviews; document procedures performed clearly in comprehensive workpapers, note non-compliance incidents for preliminary discussion with department leadership and stakeholders to validate identified issues. Prepare and draft final reports for internal distribution to stakeholders; assess stakeholder-developed action plans and proposed remediation timelines. Follow up on identified issues to ensure effective implementation of action plans. Apply generated reports for compliance testing and periodic monitoring of activities. Perform additional responsibilities as assigned. SKILLS, EDUCATION, & EXPERIENCE Bachelor's degree in business or data analytics preferred. Minimum 3 years of experience in compliance testing or financial services. Familiarity with consumer protection laws, regulations, or retail banking helpful. Must have excellent verbal and written communication skills. Proficiency in Microsoft Suite (Word, Excel, PowerPoint). Visa sponsorship not available. We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes. Since 1863, Apple Bank has been a stable banking presence in New York City and its surrounding communities. We seek to put the best interests of our customers first and to manage our company prudently and responsibly. When you join the Apple Bank team, you’ll be working with a group of dedicated and talented professionals focused on delivery of an outstanding customer experience. For more than 160 years, Apple Bank has been invested in our customers and communities, striving always to put their best interests first. Along the way, our employees have been the key to our success. Whether you’re just beginning, continuing or changing your career, Apple Bank offers a range of career opportunities. We’ll support you in developing your potential to the fullest, while you contribute to our growth and success. Apple Bank's employment policy is to provide equal opportunity to all persons. The Bank prides itself in having a diverse and inclusive workforce. No employee or applicant for employment will be discriminated against because of race, color, citizenship status, religion, sex, sexual orientation, creed, national origin, age, physical or mental disability, veteran status, political affiliation, domestic violence victim status, predisposing genetic characteristic, or any other Federal or State legally-protected classes. Apple Bank will make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodation would impose an undue hardship on the operation of our business. If you are interested in applying for an employment opportunity and feel you need a reasonable accommodation pursuant to the ADA, please contact us at [email protected]. Know Your Rights: https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf The Pay Transparency Notice: https://dol.ny.gov/system/files/documents/2024/04/p688-pay-transparency-law-for-employee.pdf Apply tot his job Apply To this Job