Compliance Monitoring Testing Jobs (NOW HIRING)

The Compliance Monitoring & Testing team sits within the second line of defence in Compliance Risk Management.

The Vice President ("VP") of Compliance Monitoring & Testing plays a critical role with the second line of defence and will be responsible to lead the design, execution and continuous improvement of the compliance monitoring and testing program.

The VP will be required to stay abreast of developments on regulatory requirements and best practices to ensure the monitoring and testing framework remains fit for purpose and that controls gaps are identified to ensure effective compliance risk management.

Job information:

• Functional title - Vice President
• Department - Compliance Risk Management
• Corporate level - Vice President
• Report to - Director, Compliance Monitoring and Testing
• Location - Menlo Park, NJ
• Base salary range - 130K-165K

What you will be doing:

• Supporting the development of a multi-year annual risk-based testing plan tailored to CLS's compliance obligations and risk profile.
• Working independently with little to no Director oversight to conduct and deliver end to end Compliance Testing reviews including for example fieldwork, walkthroughs and documentation of workpapers.
• Managing reporting related to the Compliance Testing Plan and its results including emerging trends, compliance gaps and remediation status to senior management and the Board.
• Partner with business unit management to enforce compliance accountability and effective challenge of first line processes.
• Working across business units to develop a monitoring inventory and monitoring standards, identifying gaps and creating project plans where needed.
• Applying practical, proportionate and sustainable remediation to compliance risk and conduct issues identified in monitoring and testing.
• Ensuring validation of issues in a timely manner and with an appropriate standard of quality
• Assessing optimal technology solutions for conducting testing reviews, creating the monitoring inventory, and implementing monitoring standards.
• Mentor and support junior staff on the testing team.

What we're looking for:

• Proficient in writing clear, concise testing reports that require no oversight.
• Managing stakeholder engagement independently.
• Having the ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance.
• Taking initiative for next steps without needing instruction.
• Ability to suggest solutions to make the team more efficient.
• Work independently with the ability to influence outcomes without direct authority including supporting more junior members of the team in their day to day activities.
• Understanding of industry practices and disciplines ideally having implemented and/or developed second line compliance monitoring and testing frameworks in the past.
• Quickly understands team processes and uses a structured method to manage deliverable timelines and work quality.
• Produce quality deliverables and propose solutions when faced with issues.
• Positive and confident representation of the Compliance Testing team to management and stakeholders.
• Excellent written and verbal communication and stakeholder management skills at all levels of the organization.
• Proficient engagement, influencing and negotiating skills.
• Engaging with stakeholders at all levels to add value to their risk management issues.
• Proficient in investigative and analytical thinking and the ability to analyze situations from multiple perspectives.
• Ability to convert high level strategy and goals into operational plans.
• Ability to manage multiple priorities and deliver high quality work under tight deadlines.
• Strong control and risk management mindset.

Professional qualifications / certifications

• Minimum bachelor's degree. Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus.
• 7-10 years' experience of compliance testing / monitoring / auditing / risk management. Regulatory experience a plus.
• Proficiency in regulatory requirements e.g. Prudential, BSA/AML, Privacy.
• Strong analytic capabilities; excellent communications skills to influence stakeholders.
• Advanced proficiency in Microsoft Office (i.e., Word, Excel, PowerPoint) and SharePoint required. Familiarity with Governance, Risk & Compliance (GRC) tools (e.g., Archer) a plus
• Knowledge of a Financial Market Utility regulatory environment, key legislative requirements and practical implications would be beneficial.
• Experience in executing testing plans.
• Experience in leading testing reviews.
• Familiarity with corporate compliance programs and standards relative to Federal Reserve SR 08-8 would be beneficial.