Compliance Testing Manager

at Old National Bank in ChicagoChicago, Illinois, United States

Job Description

Compliance Testing Manager
Job Locations

US-IN-Evansville | US-IL-Chicago | US-WI-Milwaukee | US-IN-Indianapolis | US-TN-Nashville | US-KY-Louisville | US-MI-Grand Rapids | US-MN-St Louis Park

Category/Function 
Risk/Security  

Position Type 
Regular Full-Time  

Requisition ID 
2024-15041  

Workplace Type 
On Site
Overview

Old National Bank has been serving clients and communities since 1834. With $48 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.
The Corporate Compliance Testing Manager is responsible for managing and coordinating an effective corporate-wide regulatory Compliance Testing Program. Compliance testing is an important part of the bank's Enterprise Compliance Program. Compliance testing assures Senior Management and the Board that regulatory compliance risk is being appropriately managed within the Bank's established risk appetite. The Compliance Testing Manager is an important role within our Compliance function and must have a strong understanding of regulatory requirements and regulatory expectations, be able to effectively direct, oversee and motivate team members and be able to clearly communicate results (verbally and in writing) to stakeholders.

Key Accountabilities
Develop, Implement and Maintain the Corporate Compliance Testing Program:
Maintain a Compliance Testing Program, procedures and processes to ensure compliance testing activities are performed consistently with a high level of quality.
Maintain a risk-based regulatory compliance testing schedule
Manage a team of compliance testing professionals in planning, executing and reporting the results of regulation-based compliance testing. Provide guidance to staff regarding complex compliance issues. Evaluate team member performance through quality assurance reviews, performance evaluations and coaching. Foster a positive work environment focused on developing individual team member skills through learning and growth opportunities.
Partner with other Compliance, Legal and Line of Business stakeholders in developing recommendations to enhancements to compliance controls
Maintain a current knowledge of applicable laws, regulations and regulatory expectations (including industry enforcement actions and emerging risks).
Update the Bank's testing strategy and schedule as warranted by regulatory or business changes. Keep abreast of changes through coordination with other stakeholders.
Manage all logistical aspects of the testing process, including budgeting/scheduling, planning/scoping, executing, and reporting. It also includes coordinating activities with others involved in compliance assurance activities, including Compliance Advisory Services, Internal Audit, Enterprise Risk Management and Legal.
Perform validation testing on issues to ensure they have been fully addressed.
Contribute to the regulatory compliance risk assessment process by coordinating with the Compliance Advisory Services team and Enterprise Risk team, particularly as it relates to compliance control ratings
Develop and provide oversight for ongoing management reporting for compliance program elements including KRIs for key findings.
Serve as a key resource for internal associates, management, the board of directors, and regulators:
Provide reports to Senior Management and the Board on overall testing results and trends.
Provide periodic status reporting to the various Management and Board level governance committees.
Manage the tracking and reporting of compliance issues through coordination with the Compliance Advisory Services Manager and the Fair and Responsible Banking Manager.
Assist with compliance regulatory exams, as may be required.
Assist in researching compliance requirements that may arise during the compliance testing process.
Key Competencies for Position
People Leadership:
Coach, Motivate & Empower Others- Provides timely feedback, support and guidance to encourage and support associates to accomplish tasks, solve problems, and enhance their development.
Gaining Agreement- Uses appropriate interpersonal styles and techniques to gain acceptance of ideas or plans; modifies one's own behavior to accommodate tasks, situations and the individuals involved.
Culture Leadership:
Communication: Shares information in a clear, factual and balanced approach, maintaining... For full info follow application link.

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