Overview
  • Job Profile SummaryRisk>>Compliance
    The Associate Director, Compliance ensures corporate policies are accurate, current, and in compliance with federal and state regulations.
    This position will primarily support dealer management and may participate in product development services to existing and potential customers.  This position will interact with all corporate management and personnel.
  • Job Description

    Job Family: Risk

    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: Compliance

    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.

    Summary of Responsibilities:

    The Associate Director, Compliance ensures corporate policies are accurate, current, and in compliance with federal and state regulations. This position will primarily support dealer management and may participate in product development services to existing and potential customers.  This position will interact with all corporate management and personnel.

    Essential Functions:

    • Manages compliance efforts for the company as they relate to complex regulatory and policy requirements, program and project development.
    • Become the primary compliance partner supporting Dealer Management and Dealer Operations.
    • Ensures corporate policies are accurate, current, and in compliance with federal and state regulations. Reviews and updates polices as laws change.
    • Develops and periodically reviews and updates Standards of Conduct to ensure continuing currency and relevance in providing guidance to 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.
    • 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 or audit.
    • 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 report 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.

    Other Functions:

    • Other duties as assigned.

    Requirements:

    • Education –
      • Bachelor’s Degree: Business, Finance, or equivalent field.
      • or equivalent work experience
      • Master’s Degree: Business, Finance, or equivalent field.
      • Ph.D.: Business, Finance, or equivalent field.
    • Experience –
      • 12-15 years Compliance, Legal, Regulatory, or Financial Services.
    • Skills & Abilities –
      • Demonstrated experience in senior compliance and/or operations management position within the securities or banking industry.
      • Demonstrated experience monitoring and supporting dealer networks/operations. 
      • Advanced knowledge of 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.
      • Commercial awareness.
    • Competencies:

    • Collaboration – Relationship Management:
      • 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 – 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 – 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 – Leading and Guiding
        • Ensures people receive the information they require, and brings the team together to share information
        •  

    • Influence – Two-way communication:
      • 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 – 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 – 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 – 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 non-compliant, regardless of pressures from business or management
        •  

    Working Conditions:

    • Frequently: Minimal physical effort such as sitting, standing, and walking.
    • Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.
    • Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

    Employer’s Rights:

    • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will be evaluated in part based upon your performance of the tasks listed in this job description.
    • The employer has the right to revise this job description at any time.  This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.