REGULATORY COMPLIANCE SPECIALIST

• The New York Branch is seeking an experienced Compliance Consultant to serve as the independent second-line compliance resource for its U.S. operations. Acting as the branch's local compliance function, this role is responsible for developing and maintaining the annual risk-based compliance plan, conducting compliance testing, establishing and monitoring key risk indicators (KRIs), and preparing quarterly compliance risk reporting for Group Compliance.

• A key aspect of the role is leading a U.S. regulatory certification workstream focused on identifying and certifying the population of U.S. regulatory requirements, obligations, and available exemptions that apply extraterritorially to the Group's European home-market operations, with a primary focus on SEC and CFTC-regulated securities and derivatives activities.

• The consultant will apply their own firm's compliance methodology and is not required to follow the Group's standard operating procedures. Group Compliance will provide reporting templates and supporting documentation.

Business Context:

The New York Branch supports a limited wholesale banking business that includes:

• Liquidity management for Group Treasury, including execution of transactions in financial instruments

• Trade finance and financing products, including guarantees and standby letters of credit, primarily supporting public authority guarantees and rental obligations

• Facilitation of international trade finance products subsequently offered and documented in the Group's home market

• Direct lending, syndicated loans, and revolving credit facilities

The branch:

• Does not provide cash management services (no client accounts, payments, or foreign exchange activities)

• Does not hold licenses to provide financial instrument services directly to clients

• Currently has no major or critical residual compliance risks

Historically, compliance monitoring and testing have been conducted annually by Group Compliance resources based in Europe. This engagement establishes a permanent local compliance capability.

Key Responsibilities:

Risk-Based Compliance Planning:

• Develop and maintain the annual risk-based Compliance Plan for the branch.

• Conduct local compliance risk assessments covering Conduct Risk and Financial Crime Risk using the Group's Risk and Control Objective Library.

• Assess inherent risk, evaluate control effectiveness, and determine residual risk.

• Document conclusions and prioritize compliance activities based on residual risk.

• Align risk assessments and planning outputs with Group Compliance requirements.

• Update the compliance plan as material risks emerge.

Risk-Based Compliance Activities:

Subject to annual approval of the Compliance Plan:

• Perform compliance testing, including assessment of both design and operating effectiveness of key compliance controls.

• Execute embedded compliance controls where the compliance function serves as the control owner.

• Conduct or coordinate model validation activities for branch-specific systems where required.

• Review and challenge testing or validation work performed by external specialists.

• Produce formal reports documenting findings, severity assessments, and remediation plans.

Regulatory Screening and U.S. Scope Certification:

• Provide independent oversight of first-line regulatory screening activities.

• Verify that local regulatory requirements are effectively identified, assessed, and translated into branch procedures.

• Communicate regulatory developments, emerging risks, implementation status, and compliance gaps to Group Compliance.

• Independently establish and certify the full scope of U.S. regulatory requirements, obligations, and exemptions applicable to the Group's European operations, with emphasis on SEC and CFTC requirements impacting securities and derivatives activities.

Key Risk Indicators (KRIs):

• Evaluate the applicability of Group KRIs to the branch environment.

• Recommend additional local KRIs where appropriate, including Regulatory Compliance Risk indicators.

• Collect and analyze quarterly KRI data.

• Coordinate KRI-related communications between the first line and Group Compliance.

• Manage escalation and remediation processes for KRI threshold breaches.

Quarterly Compliance Risk Reporting:

Prepare quarterly reports addressing:

• Financial Crime Risk

• Conduct Risk

• Regulatory Compliance Risk

Reporting responsibilities include:

• Audit and control results

• Compliance testing outcomes

• Open and overdue findings

• KRI trends and threshold breaches

• Material events and emerging risks

• Regulatory interactions and findings

• Risk-based compliance activities

• New Product Approval Process (NPAP) developments

• Regulatory screening outcomes

New Product Approval and Advisory Support:

New Product Approval Process (NPAP)

• Assess compliance implications of new products and services.

• Report significant compliance concerns, regulatory issues, or noteworthy developments arising from product approvals.

Advisory Support

• Provide compliance advice only when specifically requested by Group Compliance.

Training

• Deliver compliance training support only when specifically requested by Group Compliance.

Required Experience:

• Extensive compliance experience within a U.S. banking, broker-dealer, or foreign banking organization environment.

Strong knowledge of:

• BSA/AML requirements

• OFAC sanctions regulations

• Federal and state regulatory expectations for foreign bank branches

• SEC and CFTC regulatory frameworks, including extraterritorial application to non-U.S. entities

• Proven experience designing and executing second-line compliance testing programs.

• Experience conducting compliance risk assessments using inherent risk, control effectiveness, and residual risk methodologies.

• Experience defining, monitoring, and escalating KRIs.

• Experience preparing board-level or group-level compliance risk reporting.

• Demonstrated ability to operate independently while embedded within a business environment.

• Excellent written communication skills.

Preferred Qualifications:

• Experience with trade finance, guarantees, standby letters of credit, syndicated lending, revolving credit facilities, and treasury operations.

• Prior experience supporting a European banking group operating in the U.S.

• Model validation expertise or access to qualified external validation specialists.

• Professional certifications such as CAMS, CRCM, or equivalent.

• Experience with anti-bribery and corruption programs and data protection compliance frameworks.

Ways of Working:

• The consultant will utilize their own firm's methodologies for risk assessment, planning, testing, and reporting.

Group Compliance will provide:

• Risk and control libraries

• KRI decision documentation

• Compliance plan templates

• Quarterly reporting templates

• Delivery is primarily on-site in New York and operates on a part-time basis aligned to the approved annual compliance plan.

Core Deliverables:

• Annual Risk-Based Compliance Plan, including a local compliance risk assessment

• Compliance Testing Reports with findings, severity ratings, and remediation plans

• Local KRI Assessment and Quarterly KRI Data Collection

• Quarterly Compliance Risk Reports covering Financial Crime Risk, Conduct Risk, and Regulatory Compliance Risk

• Certified inventory of applicable U.S. regulatory requirements, obligations, and exemptions impacting the Group's European home-market operations

• Ad hoc reporting on material events, emerging risks, NPAP outcomes, and regulatory interactions

The pay range that the employer in good faith reasonably expects to pay for this position is $72.43/hour - $113.17/hour. Our benefits include medical, dental, vision and retirement benefits. Applications will be accepted on an ongoing basis.

Tundra Technical Solutions is among North America’s leading providers of Staffing and Consulting Services. Our success and our clients’ success are built on a foundation of service excellence. We are an equal opportunity employer, and we do not discriminate on the basis of race, religion, color, national origin, sex, sexual orientation, age, veteran status, disability, genetic information, or other applicable legally protected characteristic. Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law, including the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Unincorporated LA County workers: we reasonably believe that criminal history may have a direct, adverse and negative relationship with the following job duties, potentially resulting in the withdrawal of a conditional offer of employment: client provided property, including hardware (both of which may include data) entrusted to you from theft, loss or damage; return all portable client computer hardware in your possession (including the data contained therein) upon completion of the assignment, and; maintain the confidentiality of client proprietary, confidential, or non-public information. In addition, job duties require access to secure and protected client information technology systems and related data security obligations.

Salary : $72 - $113