Testing Analyst

About the job

ACA Group is recognized as the leading governance, risk, and compliance (GRC) advisor serving the financial services industry. The organization is dedicated to empowering clients to rethink their approach to GRC, helping to protect and advance their businesses. ACA’s innovative method brings together consulting services, managed solutions, and the ComplianceAlpha® technology platform, backed by the expertise of former regulators and practitioners and a comprehensive understanding of the global regulatory landscape. Testing Analyst at ACA Group, you will evaluate client compliance programs under the Investment Advisers Act of 1940 and other federal securities laws. Your role involves analyzing client records for regulatory issues and communicating your findings and recommendations. Shift Timings : 12 PM to 9PM IST Aiding with the execution of clients’ compliance program; testing mock regulatory examinations and compliance program reviews, including document preparation and review of requested material such as Anti-money laundering & KYC/CIP testing, Online presence (social media) reviews, and marketing material reviews. • Conduct SEC Registered Investment Advisers Testing; Data Analysis & Forensic Reviews; Conduct SEC-related examinations for Registered Investment Advisers (RIAs) and targeted compliance reviews using the "ComplianceAlpha" platform. • Compliance Program Assessments: Review and assess client compliance policies and procedures for adequacy and effectiveness against regulatory standards. • Identify compliance gaps and recommend enhancements aligned with SEC regulations and the industry’s best practices. • Develop and execute "risk-based testing plans" covering areas such as Code of Ethics, Form ADV, PF filings, Form D, marketing, trading, and other regulatory requirements. • Prepare comprehensive testing workpapers, matrices, and preliminary draft reports summarizing findings and recommendations. • Manage and perform quarterly advisory compliance reviews in collaboration with ACA’s outsourced Chief Compliance Officer, driving robust compliance management and prompt resolution of gaps and issues thus strengthening compliance frameworks and addressing regulatory risks proactively. • Bachelor’s or Master’s degree, preferably with a major in law, business, accounting, finance, or economics. • 3 to 6 years of experience in compliance or business operations. Ideally, this experience should involve carrying out compliance and regulatory functions within the US based compliance divisions of wealth advisory firms or financial institutions. • Sector experience in asset management or investment banking within a GCC/COE environment is needed; compliance experience within BFSI, broker-dealer, investment adviser, or asset management firms is preferred. • Thorough knowledge of federal securities laws and relevant regulations, including the Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Exchange Act of 1934, Commodity Exchange Act of 1936, and Commodity Futures Trading Commission Act of 1974. • Solid understanding of Private Equity, Hedge Funds, Mutual Funds, and their respective structures. • Ability in Microsoft Office applications and proven aptitude for working in technology-driven environments, especially with compliance technology platforms such as NICE Actimize, Mantas, MCO, ComplySci, Smarsh, Global Relay, or Compliance Alpha is a plus. Maintain professional integrity and adhere to ACA’s standards of quality and customer service. • Exhibit strong motivation, goal orientation, and initiative in professional development, including a willingness to volunteer and actively participate in both internal and external projects. Demonstrate proficiency in Microsoft Office applications, adapt effectively to technology-driven environments, understand web-based platforms, and contribute to technological advancements and innovative solutions. Commitment to Diversity and Equal Opportunity ACA Group is dedicated to fostering a nondiscriminatory workplace across all areas of employment, including recruiting, hiring, placement, promotion, training, discipline, termination, layoff.