Compliance Officer - Regulatory Identification and Change Management

Compliance Officer - Regulatory Identification and Change Management

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$55.00/hr - $60.00/hr

Position: Compliance Officer - Regulatory Identification and Change Management

Location: Jersey City, NJ, 07310

Duration: 9 Months

Job Type: Temporary Assignment

Work Type: Onsite

Pay Rate: $55.00-$60.00/hr

Overview:

Tek Wissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking.

Job Description/Responsibilities:

• 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 United 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 Chief Operating Officer (COO) for Americas Compliance.
• The Compliance COO 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.
• Demonstrate Client’s commitment to managing the firm’s regulatory risk by assisting in the administration of a comprehensive Regulatory Identification and Change Management (RICM) program.
• 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.
• 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, FINRA, 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.
• 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.

Candidate Success Factors:

• Results and Impact
• Able to influence peers and team.
• Demonstrates good judgement when making decisions of high complexity and impact.
• Exercise appropriate autonomy in the execution and delivery of work.
• Responsible for driving outcomes, which have meaningful effect on team or department.

• Leadership and Collaboration
• Creates trust with colleagues.
• Acts in leadership capacity for projects, processes, or programs.

• Client, Customer and Stakeholder Focus
• Able to build…