Title: Compliance Analyst I

State Role Title: Compliance Analyst I

Hiring Range:

Pay Band: UG

Agency: Commonwealth Savers Plan

Location: ARBORETUM NORTH CHESTERFIELD

Agency Website: www.commonwealthsavers.com

Recruitment Type: General Public - G

Job Duties

Commonwealth Savers, formerly Virginia529, is an independent state agency that offers savings and investment programs to meet future financial goals, while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers, reflects our expanded mission to empower individuals on their entire financial journey through education, disability, and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation, helping people save for higher education and disability related expenses, and now manages the state’s private retirement program, RetirePathVA, bringing retirement savings to those who do not have employer-provided options. If you want to make a difference with us, visit our Careers page to learn more about our culture, values, and rewarding career opportunities.

Our growing team is seeking an experienced professional to join our team as a Compliance Analyst. This role will be an integral part of our Compliance team and lead the development and maintenance of a third-party risk management framework.

In this position you will:

• Design, implement, and maintain a robust TPRM framework that aligns with organization risk appetite.
• Develop and conduct risk assessments of vendor relationships identifying areas of risk and needed mitigation strategies.  
• Work with contract administrators and other internal stakeholders to ensure there is a understanding of the role of TPRM and report out trends and program results.
• Identify and develop necessary due diligence agendas with contract administrators based on identified risks to the business.
• Leverage available assurance reporting like SOC reports, cloud questionnaires, etc. as part of the relationship review process.

Successful candidates will have:

• Five or more years of experience in internal audit, public accounting, risk mitigation or related field
• CFE or ACAMS certification preferred
• Experience in the banking industry preferred
• Ability to write and interpret complex policies
• Excellent interpersonal, presentation, and oral and written communication skills
• Demonstrated high degree of professionalism, discretion and confidentiality
• Experience evaluating and documenting business processes
• Demonstrated knowledge of governance, risk and controls
• Experience with CIP, KYC or other identity and fraud prevention programs
• Demonstrated proficiency with Microsoft Office products including Word, Excel, PowerPoint, Access and Visio
• Demonstrated critical thinking, decision making and analytical ability

Work Environment:

This position spends considerable time in a sitting, stationary position. Essential functions of this job include moving around the office to retrieve equipment files, operating a computer and phone, typing, and keying. Occasional travel required. Must be able to exchange accurate information accordingly.

Benefits:

• Generous healthcare benefits with multiple plans to choose from
• Defined benefit and contribution retirement plans with cash match
• 12+ holidays
• PTO – new employees earn 25 days/full year
• Tuition reimbursement
• Agency-paid continuing education
• 529 match program
• Relaxed work environment

Special Instructions:

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

It is the practice of Commonwealth Savers to conduct in-depth background checks on all candidates identified as a finalist for employment consideration. The type of background checks performed are dependent upon the type of position for which you have been identified as a finalist and may include: reference checks, criminal history including sexual offender registry checks, and degree validation. The results of background checks are made available to Commonwealth Savers employing officials. You will be requested to sign a reference release form, so your past schools and/or employers may be contacted concerning your academic or employment history.

Contact Information:

Name: Jessica Geis

Email: HR@commonwealthsavers.com

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.