Assists in assessing risks, associated controls and their effectiveness, driving compliance with applicable laws, rules and regulations and adhering to policies, and developing reporting and documentation
Engages in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function (FLU/CF) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
Assists in identifying and escalating problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses, and may assist with opening new issues in the centralized issues tool
Maintains an inventory of processes, risks, and controls and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
Assists in responding to regulatory inquiries and other audits and examinations including monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintain a comprehensive regulatory inventory, while supporting communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
Reviews and challenges FLU/CF process, risk, Single Process Inventory and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
Diversity & Inclusion Champion: Creates an inclusive team where members are treated fairly and respectfully.
Manager of Process & Data: Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.
Enterprise Advocate & Communicator: Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.
Risk Manager: Leads and encourages the identification, escalation and resolution of potential risks.
People Manager & Coach: Knows and develops team members through coaching and feedback.
Financial Steward: Manages expenses and demonstrates an owner’s mindset.
Enterprise Talent Leader: Recruits, on-boards and develops talent, and supports talent mobility for career growth.
Driver of Business Outcomes: Delivers results through effective team management, structure, and routines.
Skills:
Analytical Thinking
Regulatory Compliance
Reporting
Risk Management
Written Communications
Active Listening
Adaptability
Issue Management
Monitoring, Surveillance, and Testing
Policies, Procedures, and Guidelines Management
Advisory
Business Process Analysis
Interpret Relevant Laws, Rules, and Regulations
Process Management
Day-to-day activities will include (but not limited to):
Advising the Business, Operations, and other stakeholders with the interpretation of NFRR regulatory requirements
Coordinating and engaging with other C&OR officers to provide comprehensive oversight of NFRR FLU/CF activities.
Reviewing & challenging the bank’s implementation of NFRR, including the control framework
Assessing new NFRR regulations, including interpretation and communication of changes, to ensure effective implementation by the bank.
Assisting the FLU/CF with the development of risk metrics, monitors related performance and breach remediation.
Developing new monitoring and testing activities covering NFRR accuracy, completeness and/or timeliness
Conducting monitoring and targeted assessments
Reviewing results of tests executed by the Enterprise Independent Testing team.
Assessing additional training needs relating to NFRR
Reviewing the bank’s policies relating to NFRR, including the development and maintenance of C&OR-owned policies
Working with Business and Operations stakeholders and C&OR teammates globally to promote consistency and best-in-class practices.
The successful candidate should have the following attributes:
Minimum 3-5 years of work experience in a Compliance and/or Operational Risk function
Exposure to the Futures industry, with 3-5 years of work experience within a Futures Commission Merchant (FCM) or in support of FCM activities, having familiarity with regulatory reporting obligations and respective Futures industry Rules & Regulations.
Logical thinker who can make rational, evidence-based decisions while knowing when to escalate, as necessary.
A flexible and solution driven perspective, and a determination and desire to find answers to complex issues.
Ability to understand the translation of laws, rules and regulations into business requirements, processes, and controls.
Strong written and oral communication, including the ability to articulate complex issues in a simple way and to interact with senior stakeholders effectively, confidently and with empathy. Keen attention to detail
Enthusiastic, responsible, and dependable team player who is also able to work independently and take ownership of their area.
Collaborator with good interpersonal skills who proactively builds relationships, with the agility and resilience to deliver results in a fast-paced, evolving space.
Strong knowledge of financial markets, banking industry, equities, and derivative products
Strong technical and data analytical skills (i.e., Excel and similar applications) with experience in analyzing, managing, and reporting from large sets of structured data (e.g., books and records data)
Demonstrates intellectual curiosity and drives operational excellence.
Ability to demonstrate a high level of integrity with a mature approach to work.
Desired Qualifications:
Experience interacting with regulatory agencies and/or regulatory exams.
Regulatory reporting experience and/or experience in a global markets regulatory reporting environment.
Experience in technology implementation projects including involvement in building new or enhancing existing systems to meet complex reporting requirements.