Director
Full Time
Job Description
- Leading the Compliance Monitoring program across the compliance monitoring lifecycle including planning; training and advising on program requirements; execution; governance and reporting; and facilitating senior management review.
- Designing and enhancing risk-based compliance monitoring in accordance with company standards.
- Partnering with Compliance Testing on a coordinated approach to drive risk-based coverage based on risk assessments, regulatory requirements and emerging risks.
- Directing the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM (Independent Compliance Risk Management).
- Translating ICRM strategy and goals across company’s clients, products and geographies in a succinct and clear manner; providing direction and guidance on the programs.
- Managing a team or multiple teams of Compliance professionals.
- Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.
- Providing oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders.
- Overseeing the identification and assessment of company’s key compliance risks.
- Ensuring compliance risks within company are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite statement and all policies and processes established within the risk governance framework.
- Developing and establishing firm wide compliance risk management policies and procedures to mitigate risks.
- Monitors and measures compliance risk through a robust control framework and ensures that reviews are conducted consistently across each entity on a regular basis to confirm that controls identified are operating effectively.
- Working collaboratively with business/functional line management in recommending, developing and executing on business initiatives within permissible statutory and regulatory frameworks.
- Representing company on critical regulatory matters as required.
- Serving as liaison with regulatory examiners, Internal Audit, and external auditors on critical Compliance issues and overseeing the implementation of related remediation.
- Additional duties as assigned.
Required Knowledge, Skills, and Abilities
- 12-15+ years of relevant work experience
- Highly motivated, strong attention to detail, team oriented, organized
- Excellent written, verbal and analytical skills
- Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
- Ability to interact and communicate effectively with senior leaders
- Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls
- Experience in the design and implementation of Compliance programs
- Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
- Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
- Experience with and previous exposure to internal or external control functions and regulators
- Ability to challenge business management and escalate issues when appropriate
- Strong track record of effectively assessing and managing competing priorities
- Comfort navigating complex, highly-matrixed organizations
- Comfortable acting as an agent for positive change with agility and flexibility
- Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
- Strong presentation and relationship management skills are essential
- Subject matter expertise in area of focus
- Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; extensive experience in area of focus; previous experience managing a diverse staff
Reference no: 104017