Address
Form of workDescription:
The Senior Compliance Officer will report to the Governance and Program Management Compliance Manager. The Senior Compliance Officer assists the Compliance Manager and Chief Compliance Officer with compliance in the development, implementation, enhancement, maintenance, and support of the Bank’s corporate and regulatory compliance programs, including the Compliance Management System (CMS). Responsible activities for this position include a second line of defense expertise, oversight, guidance, and advice on the Bank’s overall CMS program, policy, procedures, risk assessments, and other risk mitigation activities. This Senior Compliance Officer collaborates with the first, second, and third line of defense departments to support adherence to regulatory commitments and the development of enhanced monitoring and controls to mitigate compliance risk.
What we are looking for:
Responsibilities:
•Perform Compliance risk assessments assessing the inherent risk, quality of risk management, and residual risk based on the regulatory environment, operating environment, products/services/processes, and distribution channels.
•Perform Compliance risk and control self-assessment (RCSA) in line with methodology, scope, and frequency.
•Develop and maintain the compliance training course inventory. This includes, but not limited to: (1) annual review of the compliance inventory and its course contents (including custom courses and any required attestations) with appropriate Subject Matter Experts (SMEs) to ensure relevant and accurate compliance training course contents and assignments are administered to appropriate employees and contractors, (2) coordinate the creation of compliance custom courses as required with appropriate SMEs and the Talent & Development Team, and (3) create an annual risk-based compliance training calendar and associated tasks and work with the Learning and Development Team to ensure required compliance training courses/ assignments are integrated within the Bank’s training schedule.
•Track assigned Compliance Course training for completion by employees and contractors.
•Synthesize compliance management information, identify root cause(s) of potential compliance risk, and provide trending on Department Key Risk Indicators (KRIs) to produce reporting to management committees.
•Perform Business Continuity/Business Impact Assessments
•Collaborate with stakeholders across organization to gain insight into regulatory compliance risks associated with line of business activities, objectives, practices, processes, and overall control environment.
•Develops and maintains Compliance policies and procedures.
•Raise issues and collaborate in the development and implementation of new compliance policies, practices, and tools.
•Identify and understand regulatory compliance risk associated with business activities; perform root cause analysis; provide recommendations that can influence business solutions, action plans, and engage stakeholders and escalate as appropriate.
•Proactively stay current with industry best practices and regulatory guidance.
•Assists with identifying and reviewing control deficiencies and provides recommendations to management action plans in alignment with the company’s risk and compliance frameworks.
•Ability to Communicate and Implement Processes in partnership with Compliance teammates and other Bank business partners.
Additional Skills & Qualifications:
Requirements
•Bachelor’s degree in Business Administration, Finance, or equivalent experience
•3+ years of regulatory compliance and/or risk management, and/or audit experience with a strong focus on risks and controls and risk-based auditing techniques.
•Understanding of compliance risk management practices and methodologies, including compliance risk assessment and compliance risk and control assessments.
•Practical working knowledge of financial services compliance and operations including the related rules and regulations of the financial services industry.
•Practical working knowledge of the components of an effective CMS program.
•Demonstrated skill in effectively communicating (verbal and written) risk assessment results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
•Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software.
•Strong interpersonal skills; ability to work well in a team environment.
•High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
•CRCM or other relevant compliance certifications preferred.
About TEKsystems:We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
