Head of Compliance and Regulatory Risk
Our client is a leading international financial institution engaged in corporate banking, institutional brokerage and capital market activities. The Bank seeks to hire a candidate to head the Compliance and Regulatory Risk component for their Americas group.
The professional will manage compliance in the offshore branch and broker-dealer to assist the business to comply with laws, regulations, industry codes and organizational requirements.
Additionally, the candidate will contribute to the development, implementation and improvement of Institutional Banking and Markets(IBM) compliance risk management framework in the branch and broker-dealer, including effective monitoring and reporting and the development and implementation of appropriate policies and procedures.
The responsibilities will include:
• Manage compliance in the branch and broker-dealer;
• Develop and maintain co-operative and effective working relationships within the branch and broker-dealer and with IBM and Group functions, as required;
• Contribute to the design, implementation and on-going improvement of branch and broker-dealer compliance manuals, policies, procedures and systems;
• Evaluate and advise on compliance issues in relation to product/process initiatives and reviews;
• Identify and analyze the impact of new/proposed/amended laws, regulations and industry codes on the branch, and recommend submissions (where applicable) and action plans to provide for full compliance and manage implementation efforts. In this regard, a very strong understanding of the requirements of the Dodd Frank laws and regulations is paramount.
• Maintain the compliance and regulatory risk monitoring and reporting program;
• Report compliance breaches, collect and analyze data and prepare reports in line with group and business reporting requirements;
Business Accountabilities
• Execute and maintain the compliance and regulatory risk monitoring and reporting program including completion of compliance monitoring to agreed schedules.
• Evaluate and advise on compliance issues in relation to product/process initiatives and reviews.
• Develop and maintain co-operative and effective working relationships within the branch, broker-dealer, IBM and Group functions.
• Contribute to the design, implementation and on-going improvement of branch and broker-dealer compliance manuals, policies, procedures and systems.
• Contribute to the development of compliance learning and development across the branch and broker-dealer.
Leadership / Management
• Actively contribute to branch and broker-dealer management of compliance and regulatory risk.
• Apply leadership and team membership behaviours consistent with the Bank’s CARES principles.
• Apply the management systems and processes of the organisation to effectively carry out accountabilities in relation to resources [people and budget], including planning, decision-making, implementation, monitoring of outcomes and reporting.
Risk Management
• In relation to the role, identify and assess the risks which could affect the objectives of the role. Plan and execute risk mitigating procedures. On a regular basis, report and discuss the results of compliance and regulatory risk management.
Client/Internal Client/Business Partners
• Provide superior service aligned with the (internal) client’s needs and the Bank’s business objectives.
Qualifications
• Tertiary qualifications in a financial /or legal discipline;
• Minimum 5-10+ years experience in a senior compliance role in the banking and financial services industry;
• An understanding of compliance obtained through working within a regulated market or at a regulator;
• Broad knowledge of financial markets products and general banking and broker-dealer procedures;
? Extensive knowledge of internal control and regulatory requirements and ability to develop policies and procedures;
• Training experience
• Experience in line management
• Excellent administrative skills;
• Excellent communication skills with all levels of internal and external parties;
To apply please submit your resume to:
Jack Kelly
JKelly@ComplianceSearch.com
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