Associate Director, ComplianceApply
Associate Director, Compliance-1807139
J o b D e s c r i p t i o n
Job Title: Associate Director, Compliance
Job Code: 025RI1
Job Family: Risk
Job Function: Compliance
Job Family Description:
Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Job Function Description:
Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the representation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Career Stream and Level: IC3
The Associate Director, Compliance-Volcker Rule serves as a subject matter expert and the owner of the US Volcker Rule Compliance program and ensures corporate policies are accurate, current, and in compliance with federal and state regulations. Specifically, this position identifies and implements improvements to all elements of the US Volcker Rule Compliance Program commensurate with the level of risk presented by the institutions’ businesses, coordinates the management framework and maintains the internal control environment across the US operating entities, working in conjunction with each local compliance and risk teams, and executes compliance controls and sound oversight over subsidiaries’ program adherence. Interacts with all corporate management and personnel.
The role also includes implementing and executing the broader Compliance Monitoring program for SHUSA over its subsidiaries
Manages compliance efforts for the company as they relate to complex regulatory and policy requirements, program and project development.
Develops and periodically reviews and updates policies, procedures, standards, desk mandates, and recordkeeping requirements to ensure continuing currency, compliance and relevance for management and employees.
Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.
Identifies specific training needs, develops and delivers training to the necessary audience, tailoring as necessary.
Coordinates with Internal Audit to ensure required independent testing of Volcker Rule compliance is completed.
Follow-up with operating entity compliance and risk teams on the remediation of any violations and the implementation of any enhancements to the Volcker Rule compliance program.
Lead US Volcker governance meetings and participate in SHUSA compliance committees as directed.
Coordinate sub-certification process and provide assurance to US CEO for annual regulatory certification.
Analyzes existing and proposed legislation, regulatory announcements, and industry practices, and helps businesses develop and implement procedures to meet these requirements.
Manages control process validation to ensure compliance with laws, rules and regulations.
Partners with business unit managers to respond to reports issued by regulatory agencies, audit, or the SHUSA CCO.
Maintains contact with regulators, government officials, and senior Business Unit managers.
Consults with the Corporate attorney as need to resolve difficult legal compliance issues.
Monitors the performance of the Compliance Program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.
Provides reporting on a regular basis, and as directed or requested, to keep the Board and Senior Management informed of the operation and progress of compliance efforts.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education Level Education Details Req Pref
Bachelor's Degree in Business, Finance, or equivalent field, or equivalent work experience is required; Master’s Degree or Ph.D. preferred,
12-15 years Compliance, Legal, or Regulatory experience related to Financial Services, including significant experience with Volcker Rule.
Skills and Abilities
Demonstrated experience in senior compliance and/or operations management position within the securities or banking industry.
Demonstrated experience monitoring and supporting a securities/market risk Compliance Program.
Advanced knowledge of Volcker Rule and financial Services rules and regulations
Advanced understanding of Enterprise Compliance Risk Management and best practices.
Advanced risk and compliance process, control validation and/or assessment skills.
Superior leadership, supervisory, and customer service skills.
Ability to negotiate and compromise.
Ability to effectively communicate and build relationships with multiple levels of the organizational structure, including senior level management.
Excellent analytical, organizational and project management skills.
Ability to adapt and adjust to multiple demands and competing priorities.
Excellent written and oral communication skills.
Ability to effectively interact with the market, executive management and vendors.
Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
Ability to communicate and influence senior executive leadership.
Ability to direct, train and guide peers, subordinates and management.
Ability to adjust to new developments/changing circumstances.
Technology and computer skills, including proficiency with Microsoft Outlook, PowerPoint, Excel, and Word.
Licenses and Certifications
Enter Licenses/Certifications Licenses/Certification Details Time Frame Req Pref
Relevant certification or JD preferred.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Duties are performed in an office environment. Physical demands could involve any or all of the following: digital dexterity and hand/eye coordination in the operation of office equipment; light to moderate lifting (10-20 lbs.) and carrying of supplies, files, etc.; the ability to speak to and hear customers and/or other employees both telephone calling and in person; and body motor skills sufficient to enable the incumbent to move from one office location to another.
Competency Name Core Competency Proficiency Competency Description
Collaboration Relationship Management Advanced Advanced - Leading and Guiding. Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact results. Uses informal networks to gain support for ideas and projects
Collaboration Teamwork Advanced Advanced - Leading and Guiding. Brings out the best in each team member by consistently motivating and acknowledging peer contributions. Understands and leverages team dynamics.
Execution Accountability Advanced Advanced - Leading and Guiding. Fully accountable for timeliness, completeness, quality of projects, processes, products and services. Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks.
Influence Information Sharing Advanced Advanced - Leading and Guiding. Ensures people receive the information they require, and brings the team together to share information.
Influence Two-way communication Advanced Advanced - Leading and Guiding. Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages. Asks open-ended questions that encourage others to give their points of view
Risk Business Acumen Industry Acumen Advanced Advanced - Leading and Guiding. Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization. Can identify functional and organizational implications associated with major trends. Designs solutions to address industry activities that impact the organization.
Risk Management Knowledge of Risk Management Policies, Regulations, Processes and Procedures
Advanced Advanced - Leading and Guiding. Monitors Adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary. Understands end to end processes across the organization and how processes are integrated. Has a practical knowledge of regulations impacting area supported
Risk Management Risk and Compliance Adherence Advanced Advanced - Leading and Guiding. Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment. Investigates and identifies the root cause and corrects items deemed noncompliant, regardless of pressures from business or management
Primary Location:New York-New York-45 East 53rd Street - 06547 - NY Corp
Job Posting:Apr 16, 2019, 4:41:35 PM
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