Overview

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 Sr. Advisor, Compliance serves as a subject matter expert to ensure documents, projects, processes or product initiatives comply with regulatory and legal requirements and enterprise policy. S/he performs risk assessments, synthesizes analyses, identifies root cause(s), and provides recommendations to management that influence business solutions.

Essential Functions:

  • Advises management on current issues regarding correspondent banking.
  • Serves as a subject matter expert to ensure documents, projects, processes or product initiatives comply with regulatory and legal requirements and enterprise policy.
  • Partners with managers in assigned business unit to respond to reports issued by regulatory agencies or audit.
  • Identifies systemic procedural weaknesses and additional training requirements needed to ensure compliance.
  • Responds to regulatory inquiries and third party examiners.
  • Collaborates across business units within the organization to ensure consistency in policies and procedures.
  • Identifies compliance opportunities and potential solutions.
  • Performs risk assessments, synthesizes analyses, identifies root cause(s), and provides recommendations to management.
  • Provides compliance input on business action plans, projects, or operational requests.
  • Provides insight and guides management on issues.
  • Leads and influence cross functional enterprise projects or compliance teams.
  • Leads efforts to improve standardization and efficiency of responses to regulators.
  • Offers recommendations and makes project related decisions within scope of work assignment.
  • Serves as a resources to team members on escalated issues of unusual nature.
  • Mentors and enhances compliance staff knowledge competencies.
  • Ensures proper implementation of business requirements and identifies outstanding compliance issues.

Other Functions:

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
  • 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.
  • Experience –
    • 9-12 years Compliance, Legal, Regulatory, or Financial Services.
  • Skills & Abilities –
    • Advanced knowledge of regulatory compliance, relevant industry regulations and regulatory data sources.
    • Demonstrated experience facilitating change to achieve measurable results.
    • Demonstrated subject matter expertise compliance opportunities and resolution.
    • Commercial awareness.
    • Detail orientated with the ability to also understand overall strategy.
    • Excellent interpersonal, supervisory, and customer service skills required.
    • Excellent written and verbal communication skills
    • Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
    • Excellent project management skills.
    • Ability to build and foster internal relationships.
    • Ability to analyze risk and design efficient control practices to minimize risk.
    • Ability to lead, influence and direct peers, subordinates and management.
    • Ability to make effective decision making on complex matters.
    • Ability to convey a sense or urgency and drive.
    • Ability to multi-task and meet strict deadlines.
    • Ability to adjust to new developments/changing circumstances.
    • Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
    • Ability to build and foster internal and external relationships.
    • Superior analytical, problem solving and critical thinking skills.
    • Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.

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.