Job Details

Finance Banking Attorney in New York City NY

Organization Type

In-House

Job Type

Attorney

Posted on

Jul 12,2019

Years of Experience

Min 3 yrs required

Location

New York City, NY, United States
Practice Area
Finance >> Finance - Banking
Apply for this job
 
Your Email:
Upload Resume:

 
21 hits

Profile

Regulatory Change Manager - Commercial Risk Office
The candidate role includes being accountable for the regulatory change intake process for all Commercial Bank lines of business (1st line). CBO receives hundreds of regulatory change notices and advisory communications which may require action on the part of the business. They may address any type of new legal requirements (e.g., Federal and State laws, SROs and governmental agencies). Legal sends these clearinghouse announcements that contain regulatory change analysis to Compliance and CBO. CRO must partner with Compliance make determinations as to the applicability of the regulatory change and if action is necessary. The regulatory change manager is responsible for diverse duties related to helping CRO assess and, if necessary, comply with the regulatory changes. Monitor new regulatory changes from Legal and Compliance as usual intake or from internal sources. Research business procedures and practices by investigating company’s policies, procedures, and controls. Utilize a number of reporting tools provided by company. Assess legal department’s clearinghouse document on a specific regulatory change against research on lines of business process/practices. Meet with stakeholders from legal, compliance, risk, and the lines of business to design and execute implementation plans for applicable regulatory changes. Monitor implementation plans until updates to the lines of business are completed (e.g., control writing, policy drafting, etc.). Determine accurately when issues must be escalated. Respond to audit requests. Respond to questions from Compliance, Risk and the lines of business regarding required actions in response to a regulatory change. Recommend changes to the regulatory change management process to increase accuracy, efficiency, and compliance. Management reporting through the “Risk Partners Forum” on a monthly basis.

Qualification and Experience

The candidate should have Bachelor’s Degree or Military Experience. Must have Juris Doctor Degree. Should have 1 year of experience with a Financial Services firm. Should preferably have High level of proficiency at Excel, Word, PowerPoint, and Outlook. 3 years of experience with Financial Services firm is desired. 3 years of experience with a law firm is preferred.

Company info

Apply Now

Similar Jobs:

Bank Regulatory Testing Officer The candidate will perform compliance testing with applicable feder...
VP/ Associate- Senior Business Controls Specialist The candidate will join the Global Banking & Mar...
Aviation Finance and Specialized Lending Attorney The candidate will advise transportation finance ...