Compliance Testing Analyst (Strategic Partnerships)

Job Description

Job Description

Salary : Competitive and DOE

Who we are :

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States.Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!

How You Will Support the Team :

We are seeking a highly organized and detail-oriented Compliance Testing Analyst responsible for assisting with the testing portion of Medallion Banks (the Banks) oversight of consumer (and small business, where applicable) lending programs, specifically by testing compliance with federal lending laws and regulations, and with the Banks requirements.

What We Are Looking For :

• Perform assigned day-to-day monitoring and testing of Strategic Partner (SP) business practices, policies, procedures, , origination systems, marketing materials, customer complaints, program documents, and disclosures for compliance with federal laws and regulations, and Bank requirements, using established testing programs.
• Review supporting documentation of tests, findings, and observations.
• Communicate and discuss findings and observations with Compliance management.
• Compile and maintain workpapers and supporting documentation of tests, findings, and observations.
• Document testing results and preparing reporting for the Compliance management team.
• Perform monitoring activities and validation of corrective action plans.
• Provide support to the Compliance and SP team for other compliance-related projects and initiatives of SP programs.
• Assist in the development of compliance monitoring and testing scope and approach of compliance reviews.
• Update the Banks internal system of record after assigned monitoring and testing are completed.
• Stay abreast of federal statutory and regulatory changes related to consumer (and small business, where applicable) lending.
• Perform any other duties needed to help support and work consistently with the Banks values, mission, and goals.
• Perform other duties as assigned.

You would be a GREAT fit with these skills :

Preferred Level of Experience :

Whats in it for YOU?

Please note that if selected, you are required to pass a pre-employment background check and maintain a clear background.