Senior Associate - Regulatory Compliance Consulting (Global Banks)
Senior Associate - Regulatory Compliance Consulting (Global Banks)
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Job Description
We are the leading provider of professional services to the middle market globally our purpose is to instill confidence in a world of change empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled culture and talent experience and our ability to be compelling to our clients. Youll find an environment that inspires and empowers you to thrive both personally and professionally. Theres no one like you and thats why theres nowhere like RSM.
We are looking for experienced professionals to join our rapidly growing Global Banking Risk Consulting Practice focused on Consumer Compliance Consulting. Candidates for this role will join a diverse high performing team of professionals with extensive experience working with top US and Global Banking institutions in a multitude of capacities.
As a Senior Associate in RSMs growing Regulatory Compliance Practice focused specifically on serving Consumer Compliance at Global Banking enterprises you will have the opportunity to draw from your experience and knowledge to continue to grow your leadership skills through a high degree of client and banking industry exposure career development and mentorship opportunities and a diverse and inclusive culture. The fast-paced and dynamic environment in which we operate will provide you with daily challenges and exciting opportunities.
Consumer Compliance Senior Associates have front line exposure to the detailed work that our teams are executing on a daily basis and are central to delivering on our brand promise of The Power of Being Understood. As a Senior Associate focused on serving our Global Banking clients you will be an integral team member by assisting with planning of projects conducting fieldwork discussing findings and observations during client exit meetings preparing work papers to support conclusions reviewing staff work papers and assisting in the presentation of the results of our work to client stakeholders in all three lines of defense.
Key Responsibilities
Subject Matter Experience
- Possess a strong understanding of Consumer Compliance internal controls concepts and their application in differentiated client environments specifically within complex global banking and brokerage organizations.
- Capable of conducting fieldwork independently with guidance from client and project team members while having the opportunity to lead more junior team members and sharing knowledge and coaching on how to execute against project objectives.
- Prior practical experience with understanding and independently assessing Consumer Compliance policies procedures and controls.
- Have a fundamental understanding of strategic planning and other business matters helping their project team to identify emerging risks and opportunities.
- Prior practical experience with identifying Consumer Compliance internal controls assessing their design and operational effectiveness identifying where controls have not operated effectively present potential risk exposures to project team members and assist in the development of remediation plans to support providing remediation guidance to clients.
- Desire to research and identify emerging trends within the global banking sector (e.g. AI use of data and analytics etc.).
Contributions to Firm Culture
- Model the core RSM values of respect integrity teamwork excellence and stewardship in all interactions with clients and team members.
- Be open to new ideas and challenges and help foster a culture that encourages people to ask questions seek diverse perspectives and challenge those around you.
- Develop executive presence through interactions with management within RSM and our clients.
- Develop meaningful relationships with client personnel and colleagues.
- Support RSMs goals around diversity and inclusion by nurturing an environment that understands individuality promotes authenticity and values varied perspective in arriving at solutions.
Client Experience
- Continually demonstrate an eagerness and willingness to learn more about compliance in the Global Banking sector and the clients that we serve in in this space and leverage your understanding to advance towards becoming your clients trusted advisor.
- Exhibit basic knowledge of key global banking industry fundamentals regulatory environment and terminology.
- Identify current and relevant global banking industry thought leadership and share with clients as relevant.
- Independently implements and coaches associates on foundational global banking industry policies procedures and work-programs.
- Owns process level client relationships and collaboration with external stakeholders.
- Prepare/Review initial drafts and follow-ups on client request lists.
- Participate in Consumer Compliance risk assessment management interviews. Update risk assessment models and complete initial draft of identified risks.
- Prepare and conduct tests of the operating effectiveness of clients internal controls.
- Draft internal controls operational effectiveness test plans or work programs for review by senior members of the team.
- Create/review narratives or flowcharts for a process. Identify and review all risks and controls for a process as needed.
- Perform first level review of staff work for accuracy completeness and well-reasoned conclusions.
- Manage budgets and provide accurate analysis of estimates to complete to project leader.
- Review and complete status documents for client delivery.
- Prepares initial draft of client facing reports.
- Develop the ability to support multiple client projects simultaneously while actively contributing to other firm initiatives.
Talent Experience
- Encourage colleagues to think creatively strive for growth through development opportunities and maximize results while working within a team environment.
- Proactively seek out opportunities to learn from or teach team members build a coaching/mentoring network and take advantage of training opportunities to continually expand skills and leadership capability.
- Maintain willingness to give and receive candid feedback in both written and verbal form. Commit to self-development in response to constructive feedback received.
- Provide assistance guidance and feedback to associates assigned to work with you.
- Support recruiting efforts by understanding and promoting the RSM brand.
Business Development
- Actively participate in relevant industry associations and learning/development events to build industry perspective and contacts.
- Gain knowledge of key compliance fundamentals regulatory environment and terminology relevant to the global banking sector.
- Build an internal network and become aware of other services provided by the firm.
Position Qualifications
- Bachelors degree in business accounting or related discipline
- Minimum of two years of practical experience in external audit internal audit or related internal consumer compliance control positions serving large global banking institutions.
- Experience in prior public accounting or professional services firm or within a regulatory body is preferred. Knowledge of Consumer Compliance risks and regulations (REG B C Z RESPA HMDA OFAC AML)
- Exposure to the design and implementation of compliance programs
- Proficiency in professional writing spreadsheet and presentation creation tools. Exposure to data analytics tools is preferred.
- Qualified to pursue a job-relevant certification including CRCM CIA
- Ability to travel to meet client needs and work collaboratively with others in-person and remotely.
- Effective communication skills both verbally and in writing.
- Effective time management and prioritization skills.
At RSM we offer a competitive benefits and compensation package for all our offer flexibility in your schedule empowering you to balance lifes demands while also maintaining your ability to serve more about our total rewards at applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal state or local law.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application interview or otherwise participate in the recruiting process please call us at or send us an email at .
RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying excluding internships you may be eligible for hire as an experienced associate.
RSM will consider for employment qualified applicants with arrest or conviction records in accordance with the requirements of applicable law including but not limited to the California Fair Chance Act the Los Angeles Fair Chance Initiative for Hiring Ordinance the Los Angeles County Fair Chance Ordinance for Employers and the San Francisco Fair Chance Ordinance. For additional information regarding RSMs background check process including information about job duties that necessitate the use of one or more types of background checks click here.
At RSM an employees pay at any point in their career is intended to reflect their experiences performance and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including but not limited to education skills work experience certifications location etc. As such pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $73500 - $139700Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.
Required Experience:
Exec
Employment Type
Full-Time
