Compliance Officer, Finance & Banking

Job Title:
Compliance Officer (Hybrid)

Location:

Jersey City, NJ | Pay: 66/hr


Business Overview:

Americas Compliance is an independent governance function headed up by the Chief Compliance Officer for the Americas (Americas CCO) based in New York with responsibility for all Compliance activities in the Client States (comprised of business lines rolling up to International Financial Services (IFS) and CIB) and CIB activities in Canada and Latin America. Reporting directly into the Americas CCO is the Compliance Officer for Americas Compliance.

The Compliance Officer is, among other things, responsible for Regulatory Identification and Change Management (RICM) Program;
Compliance Risk Assessment;
Compliance Risk and Control Self-Assessment (RCSA) of Compliance-owned process operational risks;
Compliance Issue Management;
Compliance Monitoring;
Compliance Historic Incident management; and other related permanent control activities.


Responsibilities:

Demonstrate commitment to managing the firms regulatory risk by assisting in the administration of a comprehensive Regulatory Identification and Change Management (RICM) program for the US. The Compliance RICM team is responsible for:

Monitoring regulatory developments across applicable issuing bodies for regulatory developments within the Compliance framework, and facilitating the process to communicate, assess and implement related relevant regulatory requirements

Updating and maintaining the US laws, rules and regulations library (LRR)

Maintaining the Compliance US mapping of LRRs to policies, procedures and controls.

The role of the US Compliance RICM Compliance Officer includes:

• Timely review and analysis of regulatory developments including regulatory changes issued by state and federal securities and prudential regulators and self-regulatory organizations (NYDFS, NYFRB, FRB, SEC, CFTC, Client, NFA, MSRB, NYSE, CME etc.,) to determine applicability.
• Timely communication of regulatory updates issued by regulators to subject matter experts within the firm that determine impact(s) and implement changes.
• Ensuring regulatory changes are appropriately actioned, including tracking and monitoring progress of impact assessments and implementation projects.
• Assist in the production of data metrics and management information required to ensure appropriate internal reporting, and oversight of the work performed.
• Assist in drafting regulatory obligations.
• Mapping relevant regulatory obligations to the risk taxonomy.
• Complying with external regulatory requirements and expectations; internal control standards;
  Group, Americas, IHC and Operating Entity policies, procedures and standards with regard to Regulatory Identification and Change Management program as appropriate.

LRR updates and regulatory obligations mapping to policies and procedures and controls responsibilities include:

• Maintaining a process to update the US Regulations Library
• Coordinating with stakeholders and SMEs including Compliance and business lines
• Monitoring end-to-end obligation mapping to policies, procedures and controls
• Reporting mapping gaps/progress

Minimum Required Qualifications:

• BA or BS Degree a must.
• 3 to 5 years experience working for a financial services firm and/or self-regulatory organization in Compliance, Risk, Regulatory roles and /or data analytics roles.
• Comfortable reading and interpreting regulatory notices and changes from regulators, including but not limited to, state/federal prudential regulators in the US, self-regulatory organizations and exchanges (NYFRB, FRB, SEC, CFTC, Client, NFA, MSRB NYSE, CME, etc.,) that are applicable to the businesses of a foreign banking organizations businesses, processes and operations (investment banking, corporate banking, markets activities, bank regulatory matters etc.,).
• Presentation and reporting skills including MS Excel, SharePoint, Word, and PowerPoint.
• Strong knowledge of data analytics, working with structured and unstructured data.
• Experience with visual analytics tools (Power
  
  BI, Tableau and/or other tools).
• Strong execution skills with the ability to work successfully under demanding deadlines.
• Team player with the ability to work…