Compliance Officer - Compliance Risk Assessment - VP

Summary:

Reporting to the Head of Compliance Risk Assessment within the Transversal Compliance Team, the Compliance Risk Assessment Officer is in charge of implementing the CACIB US Compliance Risk Assessment Program.

Compliance risks must be identified before they can be properly assessed, monitored and mitigated. The businesses, as 1st Line of Defence (LoD1), are responsible for identifying and mitigating all compliance risks for their activities and assessing controls. The CACIB US Compliance Division, as the 2nd Line of Defence (LoD2), manages the CRA process, provides guidance to the businesses and is responsible for credible challenge with the risk identification, risk mitigation and overall completeness.

The Compliance Risk Assessment serves CACIB’s US (“the Firm”) commitment to manage its compliance risk, manage its annual compliance plan and to mitigate non-compliance risk by helping the Firm’s personnel to understand the policies, laws, rules and regulations that apply to them. The Compliance Risk Assessment Officer’s mandate is to ensure the firm’s CRA process is appropriately executed and reports are available to Senior Management within the Bank and Broker/Dealer businesses.

Key Responsibilities:

General

· Participate with the design / update of the Compliance Risk Assessment (CRA) methodology

· Prepare and run the annual CRA exercise within the Broker/Dealer business and Support Functions as per the Firm’s policies and procedures and tools

· Knowledgeable with FINRA and SEC rules for the Broker/Dealer business

· Manage data collection and data quality controls for input data to the CRA exercise and management reports

· Perform credible challenge of CRA results from the LoD1

· Prepare management presentations on the CRA framework and results

· Report on and provide analysis on the annual CRA exercise

· Prepare regular reports on the Compliance Program, to local and head office management on key Compliance metrics, risks, and controls to ensure escalation of key concerns

· Prepare data analytics dashboards

· Assist in managing the Risk and Control Self Assessments (RCSA) process and related risk mapping for the Compliance Function

· Follow-up on CRA actions plans

· Work with Compliance Teams to use the results of the CRA for the annual testing and training plans design

· Liaise with relevant Divisions to participate to new tools and/ or methodological implementation

Other

· Assist in working with Operational Risk Management on Compliance related controls and reporting.

Supplementary Information

Management and Reporting:

The position reports directly to the Head of Compliance Risk Assessment within the Transversal Compliance team.

Key Internal Contacts:

Business and Service units of the Firm; Compliance teams; Head Office, External vendor as relevant

Key External Contacts:

The employee may have occasion to interact with external auditors and/or regulators during exams.

Education:

• College Degree required.
• BBA or Accounting Degree preferred.

Experience Required:

• 10 years

Preferred:

• Prior Compliance, Risk or Internal Audit experience within a Corporate Bank environment;
• Knowledge of Broker/Dealer FINRA/SEC rules and regulatory agencies as applicable.
• Required skills
• Certified Regulatory Compliance Manager (CRCM)
• Analytical skills to understand risk rating scoring
• Experience with managing or performing Compliance Risk Assessment or RCSA exercises
• Use of excel, Powerpoint;
• Data aggregation tools, data visualization tools
• Highly organized; written and communication skills