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Enterprise Advisor - 18-00853
Ref No.: 18-00853
Location: Santa Clara, California
Position Type:Contract
Start Date / End Date: 04/16/2018 to 10/15/2018
Job Description:
This is a senior position in the Corporate Compliance Department reporting directly to the Deputy Chief Compliance Officer. The Corporate Compliance Department is responsible for managing Client’s enterprise compliance risk management program. Our Client is a financial holding company, a bank with global branches, and a broker-dealer and investment advisory subsidiaries.
The enterprise-wide program is responsible for identifying the laws, regulations, rules, standards, and codes of conduct applicable to Our Client.
The Commercial Bank Advisor is specifically responsible for advising business leaders across Our Client on regulatory requirements, emerging regulatory risks, and on regulatory considerations with respect to that business line.
Additionally, the Advisory function provides training tailored to the business unit. The Advisory function regularly communicates, in writing and verbally, to the business unit on regulatory requirements. Further, the Compliance Director participates with members of the Corporate Compliance Department to produce and update an enterprise-wide Compliance Risk Assessment and he or she monitors, evaluates and reports on proposed regulatory changes potentially effecting Our Client.
Due to the fast-paced nature of the regulatory and business environments, the position requires the ability to quickly adapt to change and to multi-task various assignments. The individual must be able to provide compliance guidance that balances both regulatory requirements while meeting business objectives. The individual will exercise judgment within defined procedures and practices to determine appropriate action.
  • Provide subject matter expertise regarding relevant laws and regulations to Our Client business units. Must be able to identify applicable compliance requirements and articulate those requirements to the business unit.
  • Collaborate with international colleagues to implement enterprise-wide programs and ensure consistency in standards.
  • Communicate with business partners verbally, and in writing, regarding regulatory expectations. This includes providing advice and guidance to the first line of defense on its controls to reduce the inherent risk.
  • Partner with the business unit in preparation for internal audits and examinations, including any remediation resulting from audits and exams.
  • Develop reporting metrics for Senior Management to show insight into the state of compliance for enterprise regulations, and monitor business unit metrics.
  • Participate and provide effective challenge to the Risk and Governance team on the Fraud, Compliance, and AML risk assessments.
  • Provide guidance to business units on changes to new products, services, and geographies.
  • Develop enterprise-wide compliance policies, and review business unit procedures that role up to the enterprise policies.
  • Review and provide training to the business unit on regulatory requirements.
  • Provide recommendations for implementing controls and other risk mitigation measures to addresses existing and emerging risks as well as related regulatory requirements.
  • Evaluate the business unit processes and controls to identify vulnerabilities and provide recommendations for developing controls.
Skills & Recommendations
  • Minimum of 7-10 years of banking, risk management, or audit experience with a minimum of 5 years of experience related to financial crimes or compliance management processes.
  • Provide subject matter expertise regarding relevant laws and regulation and their impact on operations, services, and products of Our Client, including the development and implementation of industry leading solutions
  • Knowledge of the risk and governance standards such as COSO framework, and the OECD and Basel Corporate Governance Principles.
  • Familiarity with Commercial Banking Deposit and Lending related regulations such as Vendor Management, CAN-SPAM, BCP, and Social Media Guidance.
  • Excellent written and verbal communication skills.
  • Strong understanding of the Compliance Management Systems and the regulatory frameworks that apply to financial institutions.
  • Good understanding of regulatory requirements that apply to the financial services sector and banking operations.
  • Ability to assess processes to identify key controls.
  • The individual will need the ability to work independently, take initiative and have strong verbal and written communication skills.
  • Good time management and attention to detail are critical to this position.
  • Good analytical, research, organizational, and project management skills. Strong individual contributor with the ability to work effectively as a team.
  • Flexibility in learning new topics, handling change and deadlines
  • Partner with Compliance Monitoring to help develop testing programs that address regulatory exam findings, internal audit findings and gaps to help reduce compliance risk across the organization
  • Must possess a bachelor's degree in Business Administration, Accounting, Finance or equivalent.