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Compliance Analyst in Norfolk, VA at PRA Group

Date Posted: 3/9/2018

Job Snapshot

Job Description

We invite you to explore a future with us at PRA Group, a diverse and growing company that has a tangible impact on the global economy.

Position Summary: 

The Analyst-Compliance will assist management in identifying, assessing, reporting and containing compliance risk through the implementation and execution of the compliance risk assessment process and the completion of routine compliance control testing and monitoring. This position will also work closely with other internal departments to review, edit and enhance new and existing policies, procedures and training programs.Key  Responsibilities:

  • Work with various business partners to facilitate the completion of risk assessments.  Assist Risk Owners with the identification of key risks and mitigating controls in their business, as well as action plans to address any gaps in the mitigating measures identified.

  • Maintain a current knowledge of applicable consumer protection laws and regulations, business operations and internal Compliance policy and procedures.

  • Support the organization as subject matter experts in compliance auditing, testing and monitoring upholding the highest standard of compliance, integrity and professionalism both internally and externally.

  • Complete regulatory compliance testing and monitoring assignments in accordance with established department standards and within allotted time frames.

  • Build and execute detailed compliance and monitoring testing programs created to audit the design and effectiveness of compliance controls.

  • Examine policies, procedures, and practices to ensure compliance with laws and regulations and implement any needed changes.

  • Test to identify possible control weaknesses in departments and functions and other operational areas and recommend changes to minimize those weaknesses.

  • Utilize standardized work papers and testing programs to document performance of compliance testing reviews.  Complete assigned reviews within established time frames.

  • Ensure results of testing and monitoring performed are well documented and communicated to management in accordance with predefined timeline standards.

  • Draft recommendations to communicate control performance results and regulatory findings to management in an efficient, timely and concise manner.

  • Assist in the development of new or existing policies, procedures, compliance & risk controls, and compliance testing strategies.

Professional Experience/Qualifications:

  • Bachelor's degree required.
  • Must have 1 to 3 years of experience in bank auditing, compliance testing or other internal control testing, or regulatory experience in the financial services industry.
  • Must have superior written and oral communication skills
  • Must have a high degree of proficiency in organization, planning and project management
  • Must have the ability to work independently in a fast paced environment and demonstrate a track record for completing work in a timely and organized fashion
  • Proven experience working with Excel and Power Point, and developing and maintaining various analyses and reporting tools.

Work Environment:

The noise level in the work environment is usually moderate as the employee works in an office environment, in an individual work station, using telephone and computer.  Employee is required to work evenings and weekends as required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

All qualified applicants will receive consideration for employment regardless of age, race, color, sex, gender, religion, national origin, physical or mental disability, citizenship, or any other classes recognized by state or local law or any other characteristic protected under applicable federal, state or local law. We are a drug free workplace.