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Carrot Peelers, Sales, Personality and Your Job Search
In-House
Attorney
Finance - Banking
Litigation - Whistleblower - CFTC
Min 10 yrs required
Compliance Consultant 5 The candidate will be responsible for developing, planning and performing risk-based review activities relevant to the bank’s Consumer businesses. Work includes performing independent compliance monitoring and testing activities, end-to-end process and control reviews/assessments, and enterprise-wide reviews for key regulations that evaluate the adequacy, comprehensiveness and effectiveness of business compliance programs. Additionally, the roles are responsible for evaluating RCRM’s adherence to applicable internal policy requirements. Will be responsible for planning objectives and scope for multiple reviews as well as identifying issues, determining corrective actions, writing and editing reports, and tracking timely corrective actions. Will demonstrate subject matter expertise in compliance M&T programs and related processes and methodologies, effective internal controls and other risk mitigation strategies, and be proficient in performing audit reviews and/or independent compliance monitoring and testing activities and compliance risk assessments. The roles will report directly to the RCRM Consumer M&T Manager. Specific duties for these positions include: Develop, plan and perform compliance reviews that independently evaluate the adequacy, comprehensiveness and effectiveness of Consumer Group/LOB compliance monitoring and testing functions. Develop, plan and perform risk-based compliance review activities that independently evaluate the bank’s compliance with key regulations relevant to the bank’s Consumer businesses. Develop, plan and perform compliance review activities that independently evaluate the adequacy and effectiveness of critical end-to-end processes and controls relevant to the bank’s Consumer businesses. Periodically, or on an as-needed basis, evaluate RCRM’s adherence to applicable internal policy requirements. Identify deficiencies and recommend solutions to complex issues. Work with Group/LOB compliance risk management teams to agree on corrective actions to strengthen monitoring and testing programs. Ensure identified deficiencies are promptly addressed and effectively resolved. Write reports or presentations that clearly articulate the results/conclusions of compliance review activities and communicate to key stakeholders across the company. Lead or assist in investigating and reporting issues, as needed, conducting inquires, obtaining and reviewing necessary documents and interviewing personnel, as appropriate. Assist on compliance projects. Work collaboratively with internal and external stakeholders. Maintain an understanding of the RCRM Framework and the interconnectivity of its key components. Maintain an understanding of business operations and regulatory guidance/expectations. Anticipate changes in the internal and external environment and adapt the testing program accordingly. Provide compliance support and guidance during risk assessment processes and state of compliance reporting. Present results to the Chief Compliance Officer, Compliance Monitoring & Testing Director and other senior executives. As appropriate, assist with the management of regulatory examinations and internal audits of assigned activities. As appropriate, respond to regulatory inquiries. As appropriate, assist with the development of training materials. Work collaboratively across groups/LOBs and with other risk management teams. Work with senior management, Law Department and other key constituencies to encourage, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations. Ensure proper and effective communication (including developing reporting) is in place. Develop effective working relationships will team members while distinguishing self as a leader.
Qualification and Experience
A Bachelor’s, Master’s, or Law Degree preferred. CRCM certification; experience with overseeing projects/work flow across a global institution preferred. Experience with a global financial institution or Big 4 accounting firm will be desired. Should have 10+ years in compliance, operational risk, IT systems security, business process mgmt or financial services, of which at least 5 years must include direct experience in compliance or operational risk management (includes audit, legal, credit risk, market risk, or the mgmt. of a process or business with accountability for compliance or operational risk). Should have 10 years in Audit, Legal and/or Compliance Risk Management, including experience performing audit reviews and/or independent compliance monitoring and testing activities. Requires 5+ years of Retail/Consumer banking experience. Experience in multiple areas of regulatory compliance risk and risks related to the consumer protection and general banking regulations of the OCC, FRB, CFPB and other federal, state and local regulations and laws. Should have excellent computer skills in MS Office applications.
Job ID: 5072784.
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