A compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise. In addition, engages with the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet business and customer needs in a manner consistent with the company's program framework.
Must Have Skills :
- Compliance laws, rules, regulations
- Risk Assessment and Management
- Stakeholder Engagement
- Analytical Skills
- Domain - Banking
- Awareness of regulatory requirements including local and US laws, international and industry standards
Responsibilities:
- Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM.
- Translating ICRM strategy and goals across to the clients, products and geographies in a succinct and clear manner provide direction and guidance on the programs. Serves as a subject matter expert on the Compliance programs.
- Providing oversight and guidance over the assessment of complex issues, structuring potential solutions and driving effective resolution with other stakeholders.
- Identifying and assessing key compliance risks. Ensuring compliance risks are effectively identified, measured, monitored, and controlled, consistent with the company’s risk appetite statement and all policies and processes established within the risk governance framework.
- Monitoring adherence to The Compliance Risk Policies and measuring compliance risk through a robust control framework and ensuring that reviews are conducted consistently across each entity on a regular basis to confirm that controls identified are operating effectively.
- Performing complex analyses of comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues.
- Partnering, collaborating and working with other areas within the company, as necessary.
- Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
- Additional duties as assigned.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding the company, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 2 to 5 years of experience
- Expertise of Compliance laws, rules, regulations, risks and typologies
- Excellent written, verbal and analytical skills
- Must be a self-starter, flexible, innovative and adaptive
- Highly motivated, strong attention to detail, team oriented, organized
- Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
- Ability to work collaboratively with regional and global partners in other functional units ability to navigate a complex organization to influence and lead people across cultures at a senior level
- Experience in managing regulatory exams and relationships with examiners, auditors etc.
- Awareness of regulatory requirements including local and US laws, international and industry standards
- Advanced knowledge in area of focus
The work location will be in the Downtown.
