What are the responsibilities and job description for the Regulatory Compliance Specialist ( LOCALS ONLY ) --- Hybrid position at CLS Bank International?
US citizens / GC Holders
Regulatory Compliance Specialist
Location : work from home ---- Tysons Corner, VA
Duration : 1 year plus extensions
Key Responsibilities:
- Regulatory Monitoring & Reporting:
- Stay up-to-date with regulatory changes and ensure timely updates to internal policies and procedures.
- Monitor and interpret local, national, and international regulations to assess their impact on the bank’s operations.
- Prepare regular compliance reports for senior management, including identifying potential compliance risks and recommending solutions.
- Compliance Program Development:
- Develop and maintain the bank's compliance program, ensuring alignment with current regulatory requirements and best practices.
- Collaborate with various departments to integrate compliance into the bank's daily operations and business processes.
- Risk Assessment & Management:
- Conduct risk assessments to identify potential regulatory risks and implement mitigation strategies.
- Evaluate internal controls and recommend enhancements to ensure compliance with relevant regulations and standards.
- Training & Awareness:
- Provide ongoing compliance training to bank staff and management, promoting awareness of regulatory requirements and ethical practices.
- Support the development and implementation of compliance training programs and materials.
- Internal Audits & Investigations:
- Coordinate and lead internal compliance audits and investigations, identifying gaps or potential areas for improvement.
- Assist with regulatory exams and audits, ensuring accurate documentation and responses.
- Client & Stakeholder Interaction:
- Work with clients, regulators, and other stakeholders to address compliance-related concerns and inquiries.
- Represent the bank in regulatory discussions and ensure the bank’s position aligns with regulatory expectations.
- Continuous Improvement:
- Lead efforts to streamline and enhance compliance processes, ensuring continuous improvement in the efficiency and effectiveness of the compliance function.
Qualifications:
- Education:
- Bachelor’s degree in Finance, Law, Business Administration, or related field (required).
- Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist), CRCM (Certified Regulatory Compliance Manager), or similar are highly preferred.
- Experience:
- Minimum of 3-5 years of experience in regulatory compliance, preferably within the banking or financial services industry.
- Strong knowledge of banking regulations, including but not limited to AML (Anti-Money Laundering), KYC (Know Your Customer), Dodd-Frank, and GDPR (General Data Protection Regulation).
- Skills:
- Strong analytical and problem-solving skills with a keen attention to detail.
- Excellent communication skills, both written and verbal, with the ability to interact with a wide range of stakeholders.
- Ability to work independently and as part of a team in a fast-paced environment.
- Familiarity with compliance management tools and software.
Preferred Qualifications:
- Experience in handling regulatory audits and working with regulatory authorities.
- Ability to manage multiple compliance initiatives concurrently and meet deadlines.
- Knowledge of global regulatory frameworks and cross-border compliance considerations.
Job Types: Full-time, Contract
Pay: $80.00 - $100.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
Work Location: Hybrid remote in tysons corner, VA
Salary : $80 - $100
