Compliance Management Job Description
Compliance management
provides project management support related to implementation of various department-wide compliance projects and initiatives (e.g., annual compliance program risk assessments, technology initiatives, anti-money laundering and anti-bribery/ anti-corruption initiatives).
Compliance Management Duties & Responsibilities
To write an effective compliance management job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance management job description templates that you can modify and use.
Sample responsibilities for this position include:
Participating in and provide input on new product approval processes
Effectively partnering with all levels of personnel within GFCC, the business and our partners in Legal, Oversight & Controls and Internal Audit
Manage and hands on delivery on HK Compliance management reporting
Facilitate and engage relevant stakeholders to define scope, collect required information
Lead and manage the Look Ahead Partner program
Manage the stewardship / governance meetings for key/strategic IT suppliers
Conducting regular quarterly summits with key stakeholders (Legal, Global Compliance) to collaborate and share best practices
Supporting activities related to other regulatory requests
Coordinating the collection of required information and assembly of response to requests regarding internal and external supplier risk and compliance activities
Providing access to Information from the arrangement files/records to Global Compliance, IT&S Compliance Officer, and Regulatory Bodies
Compliance Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Management
List any licenses or certifications required by the position: CRCM, CAMS, PMP, CISA, ITIL, CISSP, CRISC, AML, CIPP, GCIA
Education for Compliance Management
Typically a job would require a certain level of education.
Employers hiring for the compliance management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Legal, Financial Services, Economics, Law, Education, MBA, Management
Skills for Compliance Management
Desired skills for compliance management include:
Compliance programs
Information Assurance
Processes
Operating system hardening techniques
Application and system vulnerabilities and exposures
Basic system
Competition law and anti-fraud & theft compliance
Components
Controls and procedures with strong anti-bribery & corruption
Network
Desired experience for compliance management includes:
Design, develop and direct the production of periodic and specialized reports as required
Conduct research of vendors with IT related products/services and document/analyze findings, and be able to present the findings/briefing to Senior and Executive Management team
Researching vendors of IT related products and services and creating/maintaining the associated vendor executive briefings and risk reporting
Serve as a subject matter expert on Investment Advisor and Broker-Dealer rules and regulations and provide general compliance support to the Intermediary and Institutional sales and service businesses and related support partners
Serve as a liaison for ERISA related issues, GIPS, anti-bribery, public employee G&B analysis, lobbying
Review regulatory policies, procedures, and business desktop procedures for the business
Compliance Management Examples
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Compliance Management Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of compliance management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance management
- Provide compliance advice on regulatory matters and compliance risk
- Prepare Compliance Bulletins to inform Wealth Management personnel
- Aid in development/modification of regulatory compliance training requirements and materials as part of the firm's training programs
- Assist in tracking and monitoring the required training for all retail broker/dealer personnel
- Participate on projects and other responsibilities, as deemed required
- Provide written commentary on outstanding open issues
- Identify and escalate open issues that represent risk
- Build a strong relationship with the client, understanding their needs and business operations
- Providing compliance advice with regard to the applicable rules and regulations of private wealth management from a Hong Kong perspective, or as it impacts the Hong Kong business
- Providing compliance advice on internal compliance standards, policies and procedures such as in respect of suitability, cross-border matters, etc
Qualifications for compliance management
- Team player and a problem solver
- Strong knowledge of SFC rules and regulations applicable to investment management business [e.g
- Ability to co-ordinate with different parties in compliance project
- Bachelor’s degree required and more advanced post-secondary education (such as law or accounting) an asset
- Detailed knowledge of the Volcker Rule and its application to the WM industry
- Strong ability to plan and organize own workload as evidenced by track record of delivering results on time and to a high degree of accuracy
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Compliance Management Job Description
Job Description Example
Our innovative and growing company is hiring for a compliance management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance management
- Reviewing and assessing all new alerts, circulars and other regulatory notifications that impact PWM and ensuring that the necessary business and Compliance divisions are aware of the likely impact
- Assessing new requests for outsourcing and insourcing that impact PWM, including liaison with senior Compliance and Business Management
- Tracking any annual surveys and reviews required for regulators as it pertains to the PWM business
- Participating in any appropriate regional and/or global compliance group calls that determine strategies and priorities for Compliance
- Developing relationships with the relevant Infrastructure functions that support the PWM business, providing ad hoc training on relevant procedures that impact PWM, as required
- Providing induction training to new joiners in PWM within the first 4 weeks of them joining the team and ensuring relevant records are updated
- Liaising regularly with relevant businesses, other Compliance and other colleagues to remain abreast of developments
- Working with Legal, Compliance and other Risk functions in responding to SFC, HKMA and other regulatory enquiries, as required
- Providing Compliance interface to the business for new projects on an as and when required basis
- Liaising with AML colleagues on high risk or equivalent escalations
Qualifications for compliance management
- Financial services experience strongly preferred, especially in wealth management
- 5+ years of experience in broker/dealer regulatory compliance required
- Working knowledge of Microsoft Office products, including Excel, Access, Word, and PowerPoint
- Ability to work well with people and under pressure
- The successful Compliance Advisory will be an experienced Legal/Compliance professional with in-depth knowledge of the asset management industry
- A strong understanding of regulations relating to the establishment and ongoing maintenance of Irish investment fund structures and management companies is essential along with the ability to demonstrate success partnering with senior management in pragmatic decision making and presenting at board level
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Compliance Management Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of compliance management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance management
- Review customer/account activity for potential money laundering and/or terrorist financing related activities
- Preparation of SARs within regulatory timeframes
- Prepare statistical reports as needed or requested
- Prepare documents requested by Law Enforcement, related to Suspicious Activity Report (SAR) filings
- Assist in preparation of management reports
- Assist in the disposition of potential OFAC matches
- Assist in preparation for regulatory examinations
- Flexibility to perform other functions as requested by management
- Relationship liaison and subject matter expert for the compliance surveillance system and all related data vendors including BNY Mellon, Reuters, Barclays, and Bloomberg
- Establish, test and implement complex investment restrictions and guidelines in the compliance surveillance system
Qualifications for compliance management
- Legal qualification would be an advantage
- Management reporting and driving of the Governance framework
- Previous Compliance experience - ideally within a Banking / Asset Management firm or Big 4 Consulting business with an understanding of Fund Services, Asset Management, Custody
- Qualification in Law or practical Legal experience highly desired
- Bachelor’s Degree preferred in Business, Finance, Accounting or Economics combined with at least 2 years finance industry experience
- Knowledge of securities and financial instruments
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Compliance Management Job Description
Job Description Example
Our growing company is looking for a compliance management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance management
- Maintain data integrity by updating complex security master files and resolving missing, incomplete or erroneous data elements with data providers
- Develop and document ongoing monitoring practices for investment restrictions and guidelines that the surveillance system cannot accommodate
- Continuously review approved investment restrictions and guidelines as expressed in Prospectuses, Statements of Additional Information, Investment Process Summaries and/or Investment Guideline documents and recommend rule modifications in the surveillance system
- Provide ongoing summaries of surveillance results, issues and resolutions to CCO
- Serve as a compliance system liaison with business partners
- Stay abreast of new system releases and coordinate updates
- Write operating procedures and maintain the compliance system user’s manual
- Support periodic due diligence visits to investment advisers
- Summarize responses to quarterly investment compliance questionnaires
- Perform testing of compliance policies and procedures to ensure they are effectively implemented and document results
Qualifications for compliance management
- Ability to develop and maintain compliance policies and procedures
- Ability to review and approval program sales literature, marketing materials and other communications
- Ability to liaise with Bank Corporate Compliance Department to address and respond to any and all regulatory inquiries/ examinations
- Strong knowledge of Singapore banking regulations, SFA rules, etc relating to the regulated activities of wealth management, and dealing in securities familiar with the FAA laws, rules and regulations
- In-depth knowledge of traditional and alternative wealth management products
- A minimum of 8 years Compliance, monitoring or auditing experience within a financial institution, regulator and/or similar environment
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Compliance Management Job Description
Job Description Example
Our growing company is looking for a compliance management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance management
- Support business initiatives by participating in compliance-related meetings, delivering training and developing compliance procedures
- Manages the assets, building and facilities of the company by monitoring and controlling the construction, reconstruction of building and its facilities, purchase of equipment, repair of building facilities and equipment
- Leads a team of up to five Quality Reviewers and Sr
- Conduct training for new team members and one-on-one coaching and feedback for improved performance
- Serve as subject matter expert for regulatory knowledge as it relates to complaints
- Assist with and/or lead process improvement projects or initiatives to enhance the complaint response process
- Providing compliance advice with regard to the applicable rules and regulations of wealth management (WM) from a Hong Kong perspective, or as it impacts the Hong Kong business
- Tracking all relevant meetings with regulators as it pertains to the WM business, ensuring that all issued raised in such visits, reviews and inspections are tracked, agreed escalated promptly and appropriately with relevant documents being provided on a timely basis
- Reviewing and assessing all new alerts, circulars and other regulatory notifications that impact WM and ensuring that the necessary business and Compliance divisions are aware of the likely impact
- Assessing new requests for outsourcing and insourcing that impact WM, including liaison with senior Compliance and Business Management
Qualifications for compliance management
- Must possess excellent organizational skills in order to work independently on a day-to-day basis, managing workloads, organizing fluctuating workload assignments, perform tasks or minor projects assigned by the Director/Executives or received as part of a project attend meetings as required
- Must possess excellent working knowledge of Microsoft software productivity tools
- Knowledge and familiarity with SEC regulations, Investment Advisers Act and Investment Company Act
- Strong knowledge of private banking laws and regulations, directives and regulatory expectations
- Preference will be given to candidates with proven experience in the private wealth management compliance industry
- Ideally will have previous experience as a Head of Compliance at a Wealth Manager