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Carrot Peelers, Sales, Personality and Your Job Search
In-House
Attorney
Finance - Banking
Litigation - Whistleblower - CFTC
Min 6 yrs required
Compliance Consultant 4 The candidate will perform compliance validation activities (e.g., process adherence reviews, monitoring and testing) that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective action and/or customer remediation efforts taken to resolve critical regulatory compliance issues. Will report directly to the RCRM Compliance Validation Lead and be specifically focused on critical regulatory compliance issues relevant to the company’s Consumer businesses. He or she will also identify issues, determine corrective actions, write and edit reports, and track timely corrective actions. He or she will demonstrate subject matter expertise in compliance risk & issue management practices, effective internal controls and other risk mitigation strategies, and be proficient in performing audit reviews and/or independent compliance validation, monitoring and testing activities. Specific duties for this position include: Perform compliance validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken by Consumer businesses to remediate critical regulatory compliance issues. Identify deficiencies and recommend solutions to complex issues. Work with the Consumer businesses’ compliance risk management teams to agree on corrective actions to develop comprehensive and effective corrective action plans and strengthen both preventive and detective internal controls. Ensure identified deficiencies are promptly addressed and effectively resolved. Write reports or presentations that clearly articulate the results/conclusions of compliance validation 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.
Qualification and Experience
A Bachelor’s, Master’s, or Law Degree preferred. Experience with overseeing projects/work flow across a global institution preferred. Experience with a global financial institution or Big 4 accounting firm preferred. CRCM certification is required. Should have 6+ years in compliance, operational risk, IT systems security, business process mgmt, or financial services, of which at least 3 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 6 years in Audit, Legal and/or Compliance Risk Management, including experience performing audit reviews and/or independent compliance validation, monitoring and testing activities. Requires 3+ years of Retail/Consumer banking experience required. Should have 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.
Ref: 5072794.
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