Compliance Testing Analyst

Company Overview

Panacea Financial Holdings (“Panacea”) is a rapidly growing fintech and banking platform purpose-built to serve the unique financial needs of physicians, dentists, and veterinarians. Panacea is building the next-generation financial ecosystem for healthcare professionals—spanning practice finance, personal banking, patient finance, accounting / tax, advisory and payments.

Position Summary

Panacea Financial Holdings is seeking a detail-oriented Compliance Testing Analyst to support the development and execution of its compliance monitoring and testing program. This role will be responsible for evaluating the effectiveness of compliance controls, identifying potential regulatory risks, and supporting corrective action efforts to ensure adherence to applicable financial services laws, regulations, and internal policies.

The ideal candidate brings experience in banking compliance, compliance testing, risk management, or internal audit, along with strong analytical skills and the ability to evaluate processes, document findings, and collaborate with stakeholders to strengthen compliance practices. 

Key Responsibilities 

Compliance Monitoring & Testing 

• Execute risk-based compliance monitoring and testing activities in accordance with established compliance testing plans. 
• Evaluate the effectiveness of internal controls, policies, and procedures against applicable regulatory requirements. 
• Conduct transaction reviews, sample testing, and documentation assessments to identify potential compliance gaps. 
• Perform testing across applicable consumer financial protection, fair lending, BSA/AML, and other relevant regulatory compliance areas. 
• Maintain accurate testing workpapers, supporting documentation, and evidence of testing activities. 

Risk Assessment & Issue Management 

• Identify, document, and escalate compliance deficiencies, control weaknesses, and potential regulatory violations. 
• Prepare clear testing summaries, findings, and recommendations for review by Compliance leadership. 
• Partner with business stakeholders to support corrective action planning and remediation efforts. 
• Track identified issues and remediation activities, including validation testing to confirm corrective actions have been implemented effectively. 
• Support compliance risk assessments and identify emerging areas of regulatory exposure. 

Regulatory Compliance & Reporting 

• Assist in preparing compliance testing reports, dashboards, and updates for management and appropriate governance committees. 
• Support regulatory examinations, audits, and independent reviews by gathering testing documentation and evidence, as applicable. 
• Maintain awareness of relevant financial services and banking regulations and changes that may impact compliance testing requirements. 
• Collaborate with Compliance, Risk, Legal, Operations, and business teams to support consistent regulatory compliance practices. 

Program Development & Continuous Improvement 

• Assist in developing and enhancing compliance testing procedures, methodologies, checklists, and reporting templates. 
• Support the implementation and maintenance of compliance testing tools and tracking systems. 
• Identify opportunities to improve testing efficiency, documentation quality, and risk identification. 
• Contribute to the ongoing development of a scalable, risk-based compliance monitoring and testing program. 

Qualifications & Experience 

• Bachelor's degree in Business, Finance, Accounting, Risk Management, or a related field, or equivalent professional experience. 
• 2 to 4 years of experience in compliance testing, internal audit, risk management, or a related function within banking, fintech, or financial services. 
• Working knowledge of banking regulations, compliance management systems, and regulatory expectations. 
• Experience conducting compliance testing, reviewing documentation, evaluating controls, and identifying compliance issues. 
• Strong analytical, organizational, and problem-solving skills with excellent attention to detail. 
• Ability to clearly document findings and communicate results to stakeholders. 
• Proficiency in Microsoft Office, particularly Excel, Word, and PowerPoint. 

Preferred Qualifications 

• Direct compliance testing or internal audit experience within a bank or federally regulated financial institution. 
• Experience with consumer protection regulations, fair lending requirements, BSA/AML, and other banking compliance areas. 
• Experience with risk-based testing methodologies, sampling techniques, and control assessments. 
• Experience supporting regulatory examinations, audits, or compliance remediation activities. 
• Familiarity with compliance management systems, governance, risk, and compliance (GRC) tools, or data analytics platforms. 
• Relevant compliance or audit certification, such as CRCM, CAMS, or CISA.