AVP, Compliance Review

Full Time

Madison-Davis Client

Position Summary:

Responsible for conducting Compliance Reviews for the Branch, tracking of timely remediation of internal, external and Compliance Review Findings as well as support the risk assessment process.

Essential Duties and Responsibilities:

• Plan and execute Compliance Reviews according to the established risk-based review schedule and on an ad-hoc basis, if necessary.
• Assist in preparing the annual Compliance Review Plan based on the Risk Assessment results
• Conduct Testing and verify compliance with applicable compliance-related internal and external policies, procedures, rules, laws, and other regulatory requirements.
• During the fieldwork, evaluate internal controls and identify deficiencies and anticipate and provide solutions to complex issues
• Work with compliance advisory teams and management to agree on appropriate action plans and make recommendations, where appropriate, to improve processes, remediate deficiencies and strengthen control environment.
• Present and formalize testing results in a written report which will be issued to Senior Management
• Collaborate with responsible parties to ensure timely resolution of Compliance Review issues and track outstanding issues and their resolution
• Optimize and improve testing and monitoring program within Compliance Department and in accordance with Head Office Compliance.
• Maintain a broad knowledge of business and the regulatory framework in which it operates
• Maintain relationships with business compliance officers, front office and management to keep abreast of current business developments and regulatory issues that may impact the risk environment
• Ensure the alignment of local policies and procedures with the global policy and ensure the timely escalation of any identified gaps to management.
• Prepare reports and other requests for ongoing regulatory reviews
• Coordinate the process of tracking and monitoring the Compliance-owned findings to ensure the completion target dates are met. This includes providing timely reminders and status reports to relevant parties, and escalating matters to management, if necessary.
• Contribute to internal department initiatives, such as training, departmental development and other internal projects, as requested.

Experience /Qualifications/Education:

• Bachelors’ Degree
• Minimum of 5 years experience in a Compliance or Audit role in the financial services industry
• Experience with Compliance Testing and/or internal Audit
• Sound Financial Crimes and Markets Compliance knowledge.
• Expertise with Dodd-Frank regulation is a plus
• Ability to analyze and interpret regulatory rules and their impact on the business
• Strong attention to detail with pro-active approach to solving and preventing problems

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