Title: Compliance and Risk Analyst III (Reg W / 23A project)
Location: Tempe, AZ or Irving, TX (hybrid 3-4 days on-site)
Duration: 6-month contract with potential for conversion
Compensation: $50-60/hr.
Work Requirement: US Citizen, GC Holder, or Authorized to work in the U.S.
 
Responsibilities:

• Ensure that Reg W / 23A-related affiliate aged invoices are reflected in the bank's cash collateral and quantitative limits calculations.
• Ensure that Reg W / 23A-related daily overdrafts (and quarterly reporting results) are reflected in the bank's cash collateral and quantitative limits calculations.
• Review weekly Affiliate Transaction Reports to identify any new affiliate/SRC activities to determine whether Transfer Pricing or Compliance review was required and, if required, obtained (as evidenced by a covering Transfer Pricing Catalog).
• Determine whether there are any Regulation W-related extensions of credit indicated on the Corporate Accounting Intercompany Lending reports and ensure they were reviewed by Compliance and Transfer Pricing and are reflected in the bank's cash collateral and quantitative limits calculations, as appropriate.
• Ensure that Reg W / 23A-related intercompany tax settlements are reflected in the bank's cash collateral and quantitative limits calculations.
• Identify and document any other Reg W / 23A-related loans, derivatives, purchases of assets, or other transactions and ensure they are reflected in the bank's cash collateral and quantitative limits calculations.
• Confirm that bank remains compliant with Reg W quantitative limits — that the aggregate of covered transactions between a bank and a single affiliate may not exceed 10% of the capital stock and surplus of the bank, and the aggregate of covered transactions between a bank and all affiliates may not exceed 20% of the capital stock and surplus of the bank.
• Review the collateral pledge balance periodically to confirm that the balance equals or exceeds $25m, and that the aggregate of Reg W-related activities is adequately covered.
• Review business unit affiliate transaction submissions through ITPP. Work with Affiliate Transactions Horizontal Compliance Lead to identify Reg W risk and review Transfer Pricing methodology, as applicable.
• Review and validate confirmations from Transaction Banking of overdraft activity, along with Transaction Banking's monitoring and resolution of any such activity.
• Receive any new FSI group legal entity changes from FSI Compliance. Review changes to the SRC List, as communicated by Head Office on OpenPortal. Update the Bank Affiliate List, and post the updated List to Bridge.
• Review and manage Reg W (1st Line) procedures, as directed by Affiliate Transactions Horizontal Compliance Lead.

Required Skills:

• Strong research, writing, and presentation skills, including the ability to prepare clear and concise reports.
• High attention to detail and extremely organized to effectively manage multiple concurrent priorities.
• Strong sense of ownership to drive tasks to completion and to identify opportunities for continuous improvement.
• Intermediate to Expert skill in Microsoft Office software applications (Word, Outlook, PowerPoint).
• Education & professional qualifications. Bachelor's degree required. CRMC certification preferred.
• 5+ overall experience with the required experience.
• 3+ years' experience with compliance or risk program and project management.
• Experience working in financial services preferred.
• Experience conducting compliance risk assessments (CRAs) and cross-border data movement risk assessments.
• Experience with project management methodologies and managing complex global projects.
• Demonstrated ability to meet tight deadlines and manage multiple projects simultaneously.

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