CIB Compliance Job Description
CIB compliance
provides proactive and direct support to Dodd-Frank (including Volcker) impacted businesses in order to ensure compliance with rules and regulations.
CIB Compliance Duties & Responsibilities
To write an effective CIB compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included CIB compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Working with Operations to finalize scope and procedures related to change requests / new product offerings
Working with Operations, Product Development and Technology to provide scope and high level business requirements for product II’s and agreed client / regulatory enhancements
Assisting in vendor management – Working with Operations & Strategy to address & resolve bugs, enhancements, new client onboarding, internal compliance (Third Party Oversight)
Follow-up market developments and new AML rules/regulations
Review all KYC Records for accuracy / completeness / compliance with AML, CIP and sponsorship requirements
Ensure that Trustee & Fiduciary Frankfurt can perform its role as Custodian acc
Analyse investment restriction guidelines, perform fund compliance checks and sort out issues with KVGs (investment companies)
Perform operational tasks acc
Supervision of Investment companies (KVGs)
Review all KYC Records for accuracy/ completeness /validity /compliance with AML, CIP and sponsorship requirements
CIB Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for CIB Compliance
List any licenses or certifications required by the position: CAMS, KYC, AML, EMEA, FSFM
Education for CIB Compliance
Typically a job would require a certain level of education.
Employers hiring for the CIB compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Economics, Accounting, Mathematics, Technical, Computer Sciences, Legal, MBA, Financial Services
Skills for CIB Compliance
Desired skills for CIB compliance include:
Dodd Frank and Volcker regulations
Key regulations and industry issues & themes
Adherence to all company policies and procedures
Excel
MS Word
Operations
Systems and organization
/ familiarity with Investment Banking and Markets businesses
Anti-money laundering
Applicable banking
Desired experience for CIB compliance includes:
Experience of OnBoarding across different client types
Minimum Bachelors degree [from a good university]
Familiar with different product classes and trade life cycles such as FX, eCOM, CDS, Swaps, derivatives and knowledge of legal documentation needed such as ISDA’s, GMRA’s
Knowledge of financial industry with in depth expertise in multiple lines of business
Compliance systems
Help manage the calendars and work effectively with other administrators and meeting participants to efficiently and effectively schedule meetings
CIB Compliance Examples
1
CIB Compliance Job Description
Job Description Example
Our company is looking for a CIB compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for CIB compliance
- Contribute to the provision of required project reporting for CIB Management, the internal Program team, Corporate PMO and the CIB CO PMO
- Help manage and maintain a process and documentation to ensure strong controls over the identification, communication, escalation and resolution of key Risks and Issues throughout the life a project
- Foster and maintain strong relationships with key senior CIB personnel involved in the Annual Risk Assessment initiatives across the firm
- Post-Trade monitoring - Investigate investment guideline breaches with the investment manager
- Assist in managing the Volcker working group responsible for coordinating the bank’s compliance efforts in the U.S. and reporting to Senior Management on a monthly basis
- Assist in developing and delivering recurring Volcker Rule training and education programs
- Assist in ensuring that potential violations of the Volcker Rule requirements are investigated in a timely manner and that appropriate corrective action is taken
- Maintain current expertise on the regulatory environment and assist in providing ongoing advisory support to the Front Offices and related areas on the application and maintenance of the Volcker Rule
- Assist in Volcker related audit and examination inquiries
- Assist in Volcker related Head Office reporting
Qualifications for CIB compliance
- To align with the firm-wide regulatory program and tactically manage and execute the AML and OFAC Risk Assessment program to ensure CIB and the sub LOBs can accurately assess and attest to the levels of AML and OFAC risk
- A proven self starter with demonstrable leadership traits, the ability to manage, implement and execute and make independent decisions on behalf of the Annual Risk Assessment team autonomously
- Proven Project Management experience culminating in the successful and timely implementation of complex projects
- Ability to influence Program participants to obtain and manage deliverables across the program to achieve objectives
- At least 5 years experience in financial services, min 3 years in a Product/Business environment with strong Project management capabilities
- Ability to make decisions autonomously on behalf of the Program Team
2
CIB Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of CIB compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for CIB compliance
- Other Volcker related tasks as may be required
- Assist in ensuring the bank’s compliance with Dodd Frank Reporting requirements and Canadian Reporting requirements
- Assisting in management of regulatory requests, audits, surveys, inquiries and reviews
- Working with Stakeholders on Supervisory Report data requirements
- Sanity checking to ensure all data captured is accurate
- Creation and updating of procedure documentation ensuring all Stakeholders are aware of their roles & responsibilities
- Regular communication updates to Stakeholders ensuring they are updated with the improvements to process
- Delivering significant process improvements and change operating processes (reduce operational risk and manual procedures)
- Test all enhancements to improve the current process
- Liaison with other groups involved with Volcker rule compliance including Legal, Compliance, Market Risk Coverage and Regulatory Risk Reporting teams
Qualifications for CIB compliance
- 3+ years of Audit/Compliance experiences
- Minimum Bachelor's degree in Accounting, Finance or related discipline and/or other relevant professional qualifications, eg CPA, CAMS
- Strong knowledge of Hong Kong regulations and key industry issues & themes
- Minimum 36 months experience working in Fund Services/Asset management/ Finance Industry
- Should have at least three years of experience in the financial industry, preferably at a large U.S. bank or broker-dealer or at the U.S. branch of a foreign bank/broker-dealer
- Should have knowledge about derivative products and have some background knowledge of the Dodd Frank Act
3
CIB Compliance Job Description
Job Description Example
Our growing company is looking for a CIB compliance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for CIB compliance
- Subject matter expertise, central point for Product Control and other group ad-hic queries
- Covered Funds activity review
- Support to new and in-flight initiatives to enhance the control environment and reporting accuracy to close existing gaps and improve efficiency
- Execute on key GFCC Compliance initiatives within the context of the firm’s global CIB compliance mandate
- Coordinate with regional teams on related CIB GFCC issues
- Collaborate with global team to collectively design a compliance practices program specifically related to GFCC matters
- Provide guidance to senior compliance, business and functional management in addressing complex TMI surveillance issues
- Responsible for delivering the 2017 CIB adoption scope of 22 instrument and 2 pricing adoptions across CIB
- Partner with the internal team, and wider technology partners to ensure priority and focus on the 2017 agenda to achieve the Level 1 milestones
- Project reporting in OPTIC, but also to the CIB Governance meeting
Qualifications for CIB compliance
- Visit each office in the region once a year (or more as necessary), and conduct compliance testing on up to 14 compliance themes (local laws and regulations, “priority areas”)
- Testing experience is required, internal audit experience is a plus
- General compliance knowledge pertaining to the local regulations of offices in the Americas region is preferable
- Capable to successfully execute across multiple and competing workstreams
- Extensive experience in financial services, min 3 years in a Product/Business environment with strong Project management capabilities
- Strong influential communication skills - both verbal and written
4
CIB Compliance Job Description
Job Description Example
Our company is looking for a CIB compliance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for CIB compliance
- Strong people management experience (121s, development of team members)
- Performing analysis on transactions to identify unusual activity and conducting research/ investigation to form recommendations on degree of suspicion in accordance to firm’s global investigations standards
- Presenting cases/ issues found to local MLROs in the region
- Dealing on a timely basis with enquiries from Regulators, Law Enforcement Bodies and internally from the business
- Assisting in the implementation of global policies and procedure relating to investigations in Asia
- Assisting in the implementation of AML related projects, including handling UAT for the firm’s case management system
- Taking on team tasks to ensure the smooth operation of the Regional AML Investigations team
- Work with the relevant businesses and functions to obtain information / documentation to respond to regulatory requests
- Prepare substantive written responses to regulatory requests and examination reports
- Communicate with the relevant businesses and functions regarding regulatory issues, findings by the regulators, and remediation related to those findings
Qualifications for CIB compliance
- Experienced in supporting or working in fast paced environment
- Minimum of 8 years experience, of which 2 years experience with USA PATRIOT Act, Bank Secrecy Act, AML regulations issued by U.S. securities, commodities and futures regulators
- 3 years AML experience with a large financial institution
- Knowledge and understanding of compliance practices and methodologies, including risk assessment, monitoring/surveillance, testing activities and project management
- Knowledge of Corporate & Investment Banking products and services
- Excellent written and oral communication skills and ability to work within a global team
5
CIB Compliance Job Description
Job Description Example
Our company is growing rapidly and is hiring for a CIB compliance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for CIB compliance
- Some travel, including international, required
- The KYC Specialist will own the end to end client onboarding and renewal of KYC records to ensure regulatory standards (global / applicable local regulations) with high quality and while meeting tight deadlines
- The Client Onboarding Officer will assist with the drafting and gathering of client documents and make independent recommendations regarding AML risk at a client level prior to final review by the client-facing team
- The Client Onboarding Specialists are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation
- Coordinate onsite examinations by regulators covering a variety of topics, businesses and functions related to the CIB and T/CIO
- Coordinating Global FIU projects to review AML risks across all lines of businesses for the APAC region
- Oversight of APAC FIU’s day to day operation in terms of name screenings, performing analysis on transactions to identify unusual activity, and conducting research/ investigation to form recommendations in accordance to firm’s global investigations standards
- Coordinating with local MLROs and legal colleagues in the region on any in-country regulatory requests as appropriate
- Assisting in the implementation of global policies and procedure relating to APAC Investigations
- Assisting in ad hoc project/initiative led by Global FIU / Senior Management in Compliance
Qualifications for CIB compliance
- Perform relevant compliance testing and review and identify any gaps
- Advise on regulatory and compliance requirements for new rules or regulations, products or other initiatives
- Coach and train the compliance team and provide relevant guidance
- Manage direct dealings with regulator, external auditors and internal auditors
- Provide training to the business on relevant compliance topics
- Have at least 10+ years of relevant compliance experience in a corporate investment banking capacity