Analyst/ Internal Controls / Remediation

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible. Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing. Founded in 2014, we’re a remote-first company with 550+ employees and over 30 OEM and 4,000 dealer partners. We are currently looking for an Analyst, Internal Controls and Remediation to join our Operations team. You will assist with development and support of the Octane 1st LoD testing program including testing modules, test scripts, sample methodologies, reporting results and action plans. You will also support project management of self-identified issues remediation. The right candidate will have operational experience in the consumer financial services industry, experience with 1st LoD testing, be extremely detail oriented and comfortable with project management. This is a remote position reporting to the Senior Director, Internal Controls & Remediation with limited travel throughout the year. Responsibilities: • Support the development of the 1st Line of Defense (LoD) Controls Testing in accordance with the Risk & Control Matrix (RCM) program to properly test business process and procedural controls across the organization. • Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization at the 1st LoD. • Ensure the Control Testing program properly evaluates the firm's compliance with approved procedures and to help ensure that control gaps are adequately escalated and mitigated through remedial actions. • Support the Octane 1st LoD testing program including testing modules, test scripts, sample methodologies, reporting results and action plans. • Assist in development of proper monitoring programs to ensure controls and processes are working as intended • Partner closely with peers to understand the process risks and develop process control reporting requirements. • Must be capable of determining the root cause of issues and develop effective remediation plans to mitigate the risks. • Must be capable to perform manual control testing to ensure that procedures are being followed as written and approved with no control gaps. • May act as a Project Manager for 1st LoD Business Controls & Remediation related initiatives tracking business decisions and ensuring outcomes to meet policy and procedure standards. • Collaborate with cross-functional partners and Legal to design, implement, and support a procedurally compliant program. • Work closely with the Servicing, Collections and Credit Ops and Risk teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy. • Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Mapping and control gap analysis. • Provide 1st LoD Business Controls and Remediation advisory support on assigned processes and procedures. • Troubleshoot the process control reporting environment, database and reports. • Evaluate and fully understand current policies & procedures. • Provide root cause analysis for control gaps and/or control weaknesses. • Develop KRIs and KPIs • Limited travel (maybe 3-5 times) per year Requirements: • Bachelor’s Degree followed by a Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk. • 5+ years of direct data management and data controls testing and reporting experience. Includes experience in the utilization of related technology tools. • Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi. • Strong knowledge of regulations governing financial institutions. • ​​Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions • Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis • Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA. • Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau). • Experience with a GRC tool (Orion, Archer, SAI360, etc.) Compensation: The role described above offers a base salary of $65,000 to $85,000. Your offer will be based on the alignment of your qualifications with the requirements of the job, location, and internal equity. In addition to the above-mentioned salary, Total Rewards include a stock option package, and benefits as outlined below. Benefits: • Robust Health Care Plans (Medical, Dental & Vision) • Generous Parental Leave • Flexible Time Off (FTO) Policy - Time off when you need it. • Retirement Plan (401K) with company match • Educational Assistance/Tuition Reimbursement up to $3K/year • Life Insurance (Basic, Voluntary & AD&D) • Short Term/Long Term Disability • Robust Ancillary benefits including accident insurance, hospital insurance etc. Disclaimer: The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment. Original job Analyst/ Internal Controls / Remediation posted on GrabJobs ©. To flag any issues with this job please use the Report Job button on GrabJobs. Apply tot his job Apply tot his job Apply tot his job

Back to blog

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...