Director, Central Compliance and Strategy
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
The role:
The Central Compliance and Strategy Director will provide oversight and governance of the end-to-end compliance risk assessment process. This includes defining standards for the compliance risk assessments overseeing execution of the process for adherence to standards and analyzing and reporting risk assessment results to management and key stakeholders.
What youll do:
- Evolve the overall compliance risk assessment process including redesigning the risk assessment methodology
- Develop tools templates and methods (e.g. qualitative and/or quantitative) for performing compliance risk assessments
- Train and provide ongoing guidance/support (as needed) on the application and execution of the compliance risk assessment process
- Coordinate and oversee execution of annual and periodic compliance risk assessments
- Analyze and challenge risk assessment results and ensure consistent application of methodology
- Prepare reports to summarize risk assessment results and present results/updates to executive management and other stakeholders including risk and compliance committees
- Coordinate with stakeholders such as Independent Compliance Testing Enterprise Risk Management Internal Audit and other teams as necessary for key data/input needed to execute risk assessments as well as sharing risk assessment results with such stakeholders accordingly to inform their processes
- Maintain and update the inventory of applicable rules and regulations and products
- Coordinate and facilitate the execution of Compliances quarterly Risk and Control Self-Assessments (RCSAs)
- Perform quality assurance (QA) reviews of Compliances risk and control inventory and control self-assessments for conformance with enterprise policies and standards
- Summarize and report quarterly RCSA results to executive management
- Monitor and track findings issued to Compliance (e.g. from Internal Audit regulatory self-identified/RCSAs etc.)
- Monitor and track findings identified and issued by Compliance to enable timely closure by the applicable business units
- Support Compliance (from a project management perspective) on timely closure of open issues (both owned and identified by Compliance) including ensuring issue management processes are followed
- Prepare reports on the status of open issues and present status to executive management and other stakeholders including risk and compliance committees
- This job description is not intended to be all-inclusive. Employees may be asked to perform other related duties as assigned by the supervisor to meet the ongoing needs of the organization.
What youll need:
- Bachelors degree required
- 12 years of relevant experience in Compliance Legal Audit Regulatory Compliance Management or other related experience
- Experience designing building and implementing risk assessment methodologies
- Experience executing risk assessments
- Strong interpersonal skills to collaborate with and influence various key stakeholders/partners across 1st 2nd and 3rd lines
- Excellent communication skills both oral and written and the ability to communicate clearly with constituents at all levels of the organization including playing the role of an effective challenger
- Strong organizational and critical thinking skills capable of designing and implementing programs
- Ability to analyze processes and recommend ways to improve quality and efficiency
- Detailed oriented and able to perform data analysis
- Experience with developing management reports
- Experience with managing projects
- Independently determines methods to solve most problems and takes action to execute solutions with limited assistance
- Exercises judgment in situations with limited risk (without management involvement)
- Escalates and suggests solutions for complex issues to avoid unintended/negative impact with team and cross-functionally
Nice to have:
- Professional certification such as Certified Regulatory Compliance Manager (CRCM) is preferred
Required Experience:
Director
Key Skills
- Business Development
- Marketing
- Pricing
- Analysis Skills
- Research Experience
- Project Management
- Research & Development
- Strategic Planning
- Financial Modeling
- Leadership Experience
- Management Consulting
- Analytics
About Company
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