AVP Compliance and Regulatory

AVP-Compliance Officer - Contractor

Group Compliance-Regulatory Identification and Change Management

Location: Jersey City, NJ

Business Overview:

Americas Compliance is an independent governance function headed up by the Chief Compliance Officer for the Americas (Americas CCO) based in New York with responsibility for all Compliance activities in the United States (comprised of business lines rolling up to International Financial Services (IFS) and CIB) and CIB activities in Canada and Latin America. Reporting directly into the Americas CCO is the Compliance Chief Operating Officer (COO) for Americas Compliance. The Compliance COO is, among other things, responsible for Regulatory Identification and Change Management (RICM) Program; Compliance Risk Assessment; Compliance Risk and Control Self-Assessment (RCSA) of Compliance-owned process operational risks; Compliance Issue Management; Compliance Monitoring; Compliance Historic Incident management; and other related permanent control activities.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
• Able to influence peers and team.
• Demonstrates good judgement when making decisions of high complexity and impact.
• Exercise appropriate autonomy in the execution and delivery of work.
• Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
• Creates trust with colleagues.
• Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus:
• Able to build relationships with a mix of colleagues and clients.
• Interacts regularly with management and department leaders.
• Demonstrates the ability to influence stakeholders at the team level.
• Compliance Culture and Conduct:
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities:

Demonstrate the bank commitment to managing the firm’s regulatory risk by assisting in the administration of a comprehensive Regulatory Identification and Change Management (RICM) program for the US. The Compliance RICM team is responsible for: (1) monitoring regulatory developments across applicable issuing bodies for regulatory developments within the Compliance framework, and facilitating the process to communicate, assess and implement related relevant regulatory requirements; (2) updating and maintaining the US laws, rules and regulations library (LRR); and (3) maintaining the Compliance US mapping of LRRs to policies, procedures and controls.

The role of the US Compliance RICM AVP includes:

• Timely review and analysis of regulatory developments including regulatory changes issued by state and federal securities and prudential regulators and self-regulatory organizations (NYDFS, NYFRB, FRB, SEC, CFTC, FINRA, NFA, MSRB, NYSE, CME etc.,) to determine applicability.
• Timely communication of regulatory updates issued by regulators to subject matter experts within the firm that determine impact(s) and implement changes.
• Ensuring regulatory changes are appropriately actioned, including tracking and monitoring progress of impact assessments and implementation projects.
• Assist in the production of data metrics and management information required to ensure appropriate internal reporting, and oversight of the work performed.
• Assist in drafting regulatory obligations.
• Mapping relevant regulatory obligations to the risk taxonomy.
• Complying with external regulatory requirements and expectations; internal control standards; Group, Americas, IHC and Operating Entity policies, procedures and standards with regard to Regulatory Identification and Change Management program as appropriate.

LRR updates and regulatory obligations mapping to policies and procedures and controls responsibilities include:

• Maintaining a process to update the US Regulations Library
• Coordinating with stakeholders and SMEs including Compliance and business lines
• Monitoring end-to-end obligation mapping to policies, procedures and controls
• Reporting mapping gaps/progress

Minimum Required Qualifications:

• 3 to 5 years experience working for a financial services firm and/or self-regulatory organization in Compliance, Risk, Regulatory roles and /or data analytics roles.
• Comfortable reading and interpreting regulatory notices and changes from regulators, including but not limited to, state/federal prudential regulators in the US, self-regulatory organizations and exchanges (NYFRB, FRB, SEC, CFTC, FINRA, NFA, MSRB NYSE, CME, etc.,) that are applicable to the businesses of a foreign banking organization’s businesses, processes and operations (investment banking, corporate banking, markets activities, bank regulatory matters etc.,).
• Presentation and reporting skills including MS Excel, SharePoint, Word, and PowerPoint.
• Strong knowledge of data analytics, working with structured and unstructured data.
• Experience with visual analytics tools (PowerBI, Tableau and/or other tools).
• Strong execution skills with the ability to work successfully under demanding deadlines.
• Team player with the ability to work collaboratively with front, back office and Compliance stakeholders and senior management.
• Strong communication skills including proficiency in writing concise and substantive commentary to summarize results.
• Strong attention to detail.
• Problem solving skills.
• Knowledge of corporate and institutional banking laws, rules, regulations, supervisory guidance, and industry best practices.
• BA or BS Degree a must.

Preferred Qualifications:

• Understanding regulatory notices and changes from regulators, including but not limited to, state/federal prudential regulators in the US, self-regulatory organizations and exchanges (NYFRB, FRB, SEC, CFTC, FINRA, NFA, NYSE, etc.,) that are applicable to the businesses of a foreign banking organization’s businesses, processes and operations (investment banking, corporate banking, markets activities, bank regulatory matters etc.,).
• Ability to review regulatory obligations in relation to policies and procedures and knowledge of bank controls maintenance systems.
• Ability to navigate effectively in transformational environments.

FINRA Registrations Required:

• Not required, but Securities licenses a plus (e.g., SIE, Series 3, 4, 7, 9/10, 24)