Compliance Specialist- MI Reporting Tech and Data

Company: Disability Solutions
Location: Jacksonville
Posted on: September 1, 2024

Job Description:

Position Type : Full time Type Of Hire : Experienced (relevant combo of work and education) Education Desired : Bachelor of Business Administration Travel Percentage : 0%Job DescriptionAs the world works and lives faster, FIS is leading the way.-- Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we'd like to ask you: Are you FIS?About the role:--The Compliance Specialist will lead compliance support activities and ensure effectiveness of the Compliance Program for assigned products, services and business activities. Responsible for regulatory oversight of core or significant high risk product lines that contain complex banking functions.About the team:------The Global Financial Crimes (GFC) Governance team is responsible for the oversight of the Financial Crimes Compliance function across FIS, including its subsidiaries and affiliates.--The GFC Governance team's key responsibilities include Policy and Program Governance, Risk Assessments, Exam and Issue Management, Committees and Forums, Training, Technology Governance, and Reporting for all matters impacting Financial Crimes. --In addition, the GFC Governance function plays a critical role in liaising with AML and Sanctions officers of FIS's subsidiaries as well as other Risk and Compliance functions across the Legal, Compliance & Corporate Affairs division at FIS.What you will be doing:In this role, you will be instrumental in developing and maintaining robust reporting systems that ensure our compliance with regulatory requirements. Your expertise will help design key performance indicators (KPIs) and key risk indicators (KRIs), create comprehensive reporting templates, and perform in-depth data analysis to support our Sanctions, Anti-Money Laundering (AML) and Fraud systems.

• Support the GFC Governance team to design, evolve, and scale the data governance framework, including the approach, processes, policies, technology, procedures, and assessing gaps in the enterprise data infrastructure that impact Financial Crimes compliance functions.
• Oversee the development, implementation, and maintenance of reporting systems tailored for financial crimes compliance.
• Collaborate with stakeholders to understand their needs and gather business requirements for compliance reporting.
• Develop and refine KPIs and KRIs to effectively monitor and measure the performance and risks associated with financial crimes compliance.
• Design and maintain reporting templates that provide clear, concise, and actionable insights for the compliance team and senior leadership.
• Perform detailed data analysis to identify trends, patterns, and anomalies that could indicate potential financial crimes.
• Develop and maintain data quality scorecards to ensure the accuracy, completeness, and reliability of compliance data.
• Create and manage data validation reports to ensure the integrity of data used in compliance systems.
• Conduct what-if analysis to simulate various scenarios and their potential impact on sanctions and AML systems.
• Work closely with cross-functional teams, including IT, compliance, and business units, to ensure the effectiveness of reporting systems and compliance measures.
• Stay updated with industry trends, regulatory changes, and best practices to continually enhance compliance reporting systems and processes.--What you will need:
  • Bachelor's or master's degree in a relevant field (e.g., Computer Science, Statistics, Engineering).-- Typically requires five or more years of experience in the regulatory compliance field.
  • Proven experience in developing and maintaining reporting systems, with a focus on financial crimes compliance.
  • In-depth understanding of financial crimes regulations, including sanctions, AML and fraud requirements.
  • Strong skills in gathering and documenting business requirements from various stakeholders.
  • Expertise in designing and implementing KPIs and KRIs to monitor compliance performance and risks.
  • Experience in creating reporting templates, generating data quality scorecards, and developing data validation reports.
  • Proficiency in data analysis tools (e.g., Python, R, or similar)
  • Excellent analytical and problem-solving skills, with the ability to perform in-depth data analysis and what-if scenarios.
  • Ability to thrive in a fast-paced and dynamic environment, with a proactive and flexible approach to work.
  • Ability to build relationships and credibility across the organization
  • Effective communication and collaboration skills--Added bonus if you have:
    • Previous responsibility for regulatory oversight of core or significant high risk product lines that contain complex banking functions.
    • Considered a subject matter expert in several areas of regulatory compliance, including a combination of banking regulations.What we offer you:At FIS, you can learn, grow and make an impact in your career. Our benefits include:----
      • Flexible and creative work environment--
      • Diverse and collaborative atmosphere----
      • Professional and personal development resources--
      • Opportunities to volunteer and support charities--
      • Competitive salary and benefits--FIS is committed to providing its employees with an exciting career opportunity and competitive compensation. The pay range for this full-time position is $84,720.00 - $142,320.00 and reflects the minimum and maximum target for new hire salaries for this position based on the posted role, level, and location. Within the range, actual individual starting pay is determined additional factors, including job-related skills, experience, and relevant education or training. Any changes in work location will also impact actual individual starting pay. Please consult with your recruiter about the specific salary range for your preferred location during the hiring process.Privacy StatementFIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.EEOC StatementFIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available hereFor positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.Sourcing ModelRecruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.#pridepass

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