Senior Compliance Associate Policies & Procedures
- Draft and revise Firm's policies and procedures for compliance with applicable laws and regulations, working both independently and in collaboration with subject matter experts and internal functions.
- Under limited supervision, monitor and analyze applicable laws and regulations and resulting regulatory requirements to draft and revise policies and procedures as required.
- Manage issuance and receipt of compliance policy acknowledgments.
- Monitor legal and regulatory developments, prepare summaries, and notify applicable staff, as necessary. Present synopses of legal and regulatory developments at monthly firmwide compliance liaison meetings, as necessary.
- Monitor business developments across Firm and its subsidiaries, evaluate their impact on compliance-related policies and procedures, and update as necessary.
- Contribute to the overall direction and development of risk mitigation controls across Firm's and its subsidiaries to minimize exposure to risk.
- Independently manage projects necessary to support policies and procedures initiatives, both within the Compliance Department and across the firm.
- Independently provide advice and guidance to the business units with respect to compliance policies and procedures.
- Provide compliance support to Firm's senior management and Firm's business units.
- Assess and advise on the reasonableness of proposed changes to policies and procedure in relation to regulatory requirements and guidance and industry best practices.
- Provide support in coordinating across Compliance functions and provide independent direction to establish departmental procedures for Compliance functions, including surveillance and monitoring, sanctions and KYC, risk assessments, testing, employee trading, gifts and entertainment, lobbying and training.
- Draft memos, and arrange and participate in meetings and conference calls.
- Perform other special projects or assignments as requested.
Experience:
3+ years of financial services industry experience in compliance, legal or regulatory functions, with a strong background in AML/BSA, OFAC and Ethics.
Knowledge and Skills Required:
- Strong writing skills, with extensive policy and procedure writing experience required.
- Ability to analyze laws and regulations and identify and prioritize relevant content for updating policies and procedures.
- Strong legal and regulatory analytical skills and knowledge of AML/BSA, OFAC, banking and other relevant financial regulations, as well as Ethics.
- ??Ability to manage multiple priorities across varying functions.
- ?Excellent written and verbal communication and follow up skills.
- Meticulous organizational skills and attention to detail.
- Strong proficiency of PC-based applications, including Word, PowerPoint and Excel.
- Ability to interface with various levels of Firm management, as well as with internal and external clients and subject matter experts.
- Ability to analyze risks and recommend controls to mitigate regulatory compliance.
- Ability to interpret laws and regulations and communicate that information to management and line personnel.
- Prior legal or compliance experience with AML regulatory requirements, preferably in a financial services environment.
- Ability to research and analyze regulatory issues as they relate to Firm's operating subsidiaries and businesses. Strong interpersonal and collaborative skills, as well as analytical, problem-solving and decision-making skills.
Education, Training /or Certification:
BA Required. JD or equivalent preferred
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