Overview

The Compliance Monitoring and Testing team performs monitoring and testing activities as an integral part of the Compliance Management System (CMS). The team plays a significant role in Navy Federal’s CMS to validate the controls used in the operational practices are functioning as intended and adheres with internal policies and procedures, federal and state laws, regulations, and regulatory expectations. We also develop and maintain compliance key risk indicators and management metrics to monitor compliance risk. Additionally, the team looks to develop automated solutions or tools for monitoring and testing activities.

The Summer Associate will support the compliance monitoring and testing efforts, including metric development and automation. Potential project(s), dependent on availability, may include:

• Supporting the team by performing monitoring activities such as analyzing business unit’s compliance testing efforts, developing schedules, and reporting

• Supporting testing activities such as performing research to develop test scopes, preparing test scripts, performing testing, and validating results

• Analyzing information to develop compliance key risk indicators and management metrics

• Performing analysis to identify automation opportunities for monitoring and testing efforts

  The Summer Associate Program is a 12-week internship program beginning in May 2025 and ending in August 2025. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2025 or later.

Responsibilities

• Research, analyze, and interpret compliance laws and regulations applicable to business unit’s compliance testing efforts to support their compliance testing activities

• Develop inventory of testing scripts for compliance testing

• Conduct testing activities for the assigned testing topics

• Perform analysis of applicable legal and regulatory requirements to create an inventory of the compliance requirements that could be automated and/or used to develop compliance metrics

• Develop, monitor, and administer compliance activities including systems and/or processes for monitoring and testing activities

• Determine data, systems, and information needed to develop compliance metrics

• Perform other related duties as assigned

Qualifications

• Currently pursuing an undergraduate or graduate degree in Business Administration, Public Administration, Management, Operations Analysis, Legal Studies, or other related degree

• Exposure to project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementation

• Demonstrated ability to analyze and interpret regulatory requirements and case law

• Knowledge of research methods theories, practices and procedures as demonstrated by successful research and/or education

• Demonstrated ability to influence, negotiate and persuade

• Ability to translate, interpret and effectively present findings and conclusions clearly and concisely, both oral and written

• Proficiency in using PC applications and internet-based technology to conduct research

• Effective oral, written, and interpersonal communication and presentation skills

• Experience that demonstrates research, analytical, and problem-solving skills

• Advanced presentation, verbal, and written communication skills advanced skill in identifying and analyzing business requirements and recommending solutions

• Demonstrated skills in data mapping and building requirements

• Demonstrated ability to communicate complex issues and problem resolution including determining root cause, scope, and scale of issues clearly and effectively both verbally and in writing

• Effective organizational skills with the ability to multi-task, work independently and as a team member, and exercise independent judgment in establishing priorities

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 America's Best Large Employers

• Forbes® 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials™ 2023

• Fortune Best Workplaces for Women ™ 2023

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

REQNUMBER: 20745