The Director will manage the execution of the Compliance Risk Assessment and Validation process with particular emphasis on the design and implementation of a Compliance monitoring and testing program. Role will oversee and conduct periodic testing, monitoring and validation of business controls for compliance with applicable laws and regulations.
• Execute Risk Assessments and Validations (Self-Assessments) for Substantive Global Compliance Program Areas. Self-Assessments include planning, risk assessment, validation, mitigation, reporting, and quality assurance activities
• Be the architect for a risk-based compliance monitoring & testing program, to assess implementation of effective compliance risk management practices and controls by the business in effectively managing the first line of defense ;
• Lead the execution of the compliance monitoring strategy, methodology, framework, standards for conducting compliance monitoring projects and reporting results;
• Develop and maintain a Compliance Monitoring Schedule based on ongoing risk assessments and the Visa risk scoring and rating methodology;
• Demonstrate ability to exercise good judgment in assessing the significance and relevance of identified compliance risks and perform timely escalation to CCO;
• Assist the business in developing first line of defense in establishing controls to ensure regulatory compliance and implementing monitoring for assurance;
• Develop and manage strong working relationships with the Business Areas to facilitate on-going communications to assess changes in risk profiles and assist them with improvements in their QC/test plans;
• Draft reports of the results of monitoring & testing projects, which are clear, concise, and provide value to management;
• Communicate findings and recommendations to management, determine root causes, obtain management’s action plan for remediation in a timely manner and track findings through resolution.
• Maintain competency through ongoing professional development and active participation through internal and external training sources.
Required Qualifications
• Bachelor's degree or equivalent.
• Minimum 5 - 7 years of audit/compliance testing experience.
• Substantive / current knowledge of building / managing U.S. regulated banking monitoring and testing programs.
• Strong communication skills (written, verbal, and listening).
• Solid organizational, analytical and problem-solving skills, along with attention to detail.
• Draft reports of the results of monitoring & testing projects, which are clear, concise, and provide value to management;
• Providing hands on supervision to team members assigned to the project and reviewing their work for sufficiency of scope, ensuring accuracy and quality work in adherence to department and professional standards.
• Ability to work on multiple projects at one time.
• Assist the Senior Director with the strategic direction and effective management of the group. Ensure that all teams within the group work as a team to meet the department goals.
• Sound understanding of business management principles.
• Develop Business Partnerships. Develop a strong working relationship with line managers responsible for the assigned lines of business. This relationship is predicated on developing continuous, proactive communication lines with management.
• Being viewed as a leader, management consultant and internal controls expert as part of building and maintaining ongoing business/compliance relationships with management.
• Must be self-managing and able to work with minimal day-to-day guidance.
• Must enjoy being a member of a cohesive team. Competent in using Microsoft Office.
• Knowledge of the Financial/Banking industry preferred.
Share the Job with your Friends
Posts
