Compliance Risk Job Description
Compliance risk
provides independent oversight of regulatory and compliance risks and controls as they relate to laws, regulations and regulatory expectations which govern the activities of the I&TS businesses.
Compliance Risk Duties & Responsibilities
To write an effective compliance risk job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintains a thorough understanding and working knowledge of the Investment Advisers Act, ERISA and broker-dealer laws and regulations, industry best practices
Represent Advisory Compliance on various firm committees
Maintains executive presence in presentations and interactions with management and other team members
Ensure that CSC Cyber capabilities are provided maximum opportunity to support account expansion goals
Enhances Cyber Security MSS and organisation reputation by accepting ownership for accomplishing new and different requests
Partners with law department to obtain regulatory clarifications and interpretations of laws
Demonstrate a sound holistic and technical understanding of pertinent business areas and Group requirements as detailed in Group Standards Manuals and Functional Instruction Manuals (FIM)
Manage the implementation and plan to achieve the risk management goals of the Business Manager as defined by the Group standards and/or other internal procedure
Manage annual risk assessments to ensure risks are mitigated and fall within risk appetite and threshold
Analyze complex business problems, interpret requirements, design solutions and manage and/or specific work streams designed to improve capability of the independent risk function
Compliance Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Risk
List any licenses or certifications required by the position: CISA, CISSP, CISM, CIPP, ISO, CRISC, PMP, ISACA, CIA, CDPSE
Education for Compliance Risk
Typically a job would require a certain level of education.
Employers hiring for the compliance risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Finance, Accounting, Education, Management, Computer Science, MBA, Business/Administration, Economics, Law
Skills for Compliance Risk
Desired skills for compliance risk include:
Excel and PowerPoint
Regulations and regulatory expectations
Regulatory compliance to consult and provide insight and guidance
Compliance laws
Relevant industry regulations and regulatory compliance in a specific area
Specific area of compliance laws
Competitive/regulatory landscape and the company's key challenges
Control summaries
Reports
Work programs
Desired experience for compliance risk includes:
Certified Information Systems Security Professional (CISSP) and/or Certified Information Security Manager (CISM) or similar - , qualification highly desired
Proficient in using various computerized legal research tools (i.e., in source, LEXIS/NEXIS, federal regulatory websites, Lotus Notes databases)
Proficient in use of various Microsoft office programs, (i.e., Word, Excel, PowerPoint)
Comfortable dealing with elected and appointed officials and executive environment
Accurate in grammar usage in all written communications
Must come from a Big Four trained background, either within Regulatory or Internal Audit function
Compliance Risk Examples
1
Compliance Risk Job Description
Job Description Example
Our innovative and growing company is looking for a compliance risk. 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 compliance risk
- Assist in the development of contingency plans to deal with emergencies
- Work in close collaboration and partnership within clients’ business, audit, engineering, and information security teams
- Deliver subject matter expertise in areas of risk and internal control
- IT audit experience desirable, preferably with a complex Fortune 500 or Big 4 firm to include current reviews (e.g., SOX 404 evaluation and testing, PCI) and future
- Works under minimal/little supervision and from detailed verbal and/or written instructions
- Aid in development of strategy and best practices to drive consistency and support standards adherence and execution of BUTM
- Aid in BUTM execution as needed
- Work actively with the business to conduct end to end reviews for BUTM gaps as they relate to operational and regulatory risk, and effectively challenge to help define best possible scenarios for remediation
- Keep business aware of issues and activities related to risk identification and control weaknesses and escalate to management as appropriate
- Proactively identify and drive improvement efforts to increase risk-control effectiveness
Qualifications for compliance risk
- Experience with HIPAA/HITECH, PCI DSS or Sarbanes-Oxley
- Experience with SOC1/SOC2 engagements
- Experience working with ISO 27001 or NIST 800-53 Security Frameworks
- Flexible with work schedule during audit periods February-March/September-October
- Knowledge of computer systems, networks, databases, development and programming
- CISSP, CISA, CRISC, or other similar professional designations
2
Compliance Risk Job Description
Job Description Example
Our company is looking to fill the role of compliance risk. 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 compliance risk
- Produce accurate and timely risk and compliance 2 LoD reports for both our internal governance and Client arrangements
- Promote the cultural, behavioural and organisational changes necessary within the compliance function and the business to achieve continuous improvement
- This position embodies a high degree of responsibility for promulgating strategies for entity goal achievement
- The position employs a potentially global range of influence, touching supported customers stakeholders working in virtually all functional elements at all levels of the business
- Responsibility for managing assigned Risk-Compliance Tower/Dept budget and cost-centers
- Responsibility for managing Global Concur budget, contracts and project costs within assigned parameters
- Work with portfolio and investment managers to understand investment guidelines/limitations and develop processes, tools, to ensure Compliance with these and regulatory requirements
- Support the Balance Sheet Senior Analyst in assessing the implications of the daily cash management transactions from FX perspective and ensure that the group bears no significant FX volatility from these transactions
- Ability to identify FX exposures in projects and create appropriate FX strategy to mitigate the FX risk
- Operate the group’s net investment strategy in line with the principles set by the group’s FX policy
Qualifications for compliance risk
- Audit experience with a “Big Four” accounting firm or a large public company’s Internal Audit department is highly desired
- Extensive knowledge of FARS and NTSB
- Experience in medical transportation services preferred
- Demonstrates high critical thinking, reasoning skills, problem solving skills and strong attention to detail while working in a fast paced environment that requires ability to prioritize and multi-task
- Ability to exercise sound judgement and make decisions in a manner consistent with the essential job functions
- Decision making capabilities including problem solving approaches, decision frameworks
3
Compliance Risk Job Description
Job Description Example
Our growing company is hiring for a compliance risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance risk
- Facilitate and coordinate activities and responses related to compliance or regulatory audits
- Research information security trends to write company wide security awareness alerts, tips and newsletters
- Work with the technical teams to coordinate the completion of customer security questionnaires
- Assisting with the reporting of Compliance Risk Assessment results
- Provide 2 LoD regulatory and legislative advice and guidance to the business
- Manage and deliver the provision of risk and compliance support, guidance and training to the business
- Support the use of the PSD Risk Management Framework and Protiviti system across the business in accordance with Divisional and Group requirements
- Ensure risk and compliance presence on projects, business process re-engineering and provide appropriate advice and guidance
- Assist with Regulatory liaison where necessary
- Carry out MLRO responsibilities as delegated by the Risk & Compliance Director
Qualifications for compliance risk
- Must have excellent interpersonal/communication skills, be self-motivated, and have ability to drive appropriate sense of urgency and accountability
- Effective Investigative and problem-solving skills
- Experience in Business Continuity Planning and/or Emergency preparedness/response
- Direct experience in business analytics & reporting methodologies
- 5+ years of experience in building and managing teams
- 5+ years in a shared services or business ops environment
4
Compliance Risk Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of compliance risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance risk
- Build SOX governance structure and protocols, with SOX metrics and performance measurement systems
- Develop and deliver on-boarding and ongoing training for the Shared Service Center employees to ensure stability of compliance with the Company’s Accounting Policies, US-GAAP and local GAAP
- Proactively drive and promote compliance culture into the Shared Service Center organization through training, score carding and metrics
- Work with the Shared Service Managers to identify and develop talent in the Finance Compliance & Controls space
- Perform periodic cycle reviews of key USGAAP accounting data and effectiveness of SOX controls at the Shared Service Center
- Design and provide technical and automated controls solutions for efficiency and productivity within standard software solutions and system migrations
- Provide real time SOX controls support to users in critical situations
- Acts as an individual contributor that can work effectively with peers/team
- Lead and coordinate all AvioAero IT-related actions dealing with Italian International Trade Export Control requirements for IT system
- Partner with Legal, Italian International trade and other functional organizations to ensure the impact is fully understood and the compliance initiative meets all stakeholders needs
Qualifications for compliance risk
- Knowledge of financial instruments is an advantage
- Self-motivated, confident and well organised approach to work with experience of multiple work-streams, project management experience
- SAP knowledge is an advantage, but not required
- Knowledge in basic math and formulas
- Process management and administration, ability to work cross-functionally
- College graduate preferred, BS/BA Degree in Computer Science / Information Security or related field
5
Compliance Risk Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of compliance risk. 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 compliance risk
- Be a member in the Crisis Management Team
- Ensure that Crisis Management trainings and ways of working are in place in accordance to the CMT manual and working method
- Supports audit fieldwork including tests of controls and substantive tests of details
- Completes work in accordance with audit methodology, any and all applicable standards, defined plans and schedules
- Develops, executes, and documents audit tests in accordance with Audit Services policies and procedures
- Works within defined plans, budgets and schedules
- Identifies root causes and provide meaningful recommendations
- Trains/ mentors staff auditors
- Develops, publishes, and maintains a comprehensive organization-wide IT compliance, information privacy and security strategy, plans, policies, procedures, and guidelines
- Coordinates the development of an ongoing information security awareness program to ensure that employees are aware of threats and how to help ensure privacy of agency information
Qualifications for compliance risk
- Minimum of 3 years of experience Recruiting in the Financial Industry for, Risk & Compliance, Audit, and Security
- Minimum of 3 years of experience as a full-cycle recruiter
- Minimum of 3 years of Client Facing / Relationship management experience working directly with hiring managers
- Ability to successfully interface with the client Managers
- Demonstrated success in generating candidate pipelines
- Internal controls knowledge and understanding of core IT technologies and processes (e.g., network systems, operating systems, databases, change control tools and processes, computer systems operations, application and system development, help desk and incident monitoring, information security, data backup, retention, and recovery, IT vendor management, asset management, disaster recovery)