Compliance Senior Job Description
Compliance senior
provides oversight and/or project management for process improvement initiatives to support the IT Compliance organization and associated IT compliance controls.
Compliance Senior Duties & Responsibilities
To write an effective compliance senior job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance senior job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for overseeing 1st line control activities focusing on the conduct elements of the Dodd Frank regulations, particularly the Volcker Rule
Providing central oversight of all the control functions' activities to help ensure that the business meets the conduct related regulatory requirements in respect of the Volcker programme, within the overall framework to comply with Dodd Frank regulations
Maintain current knowledge of laws and regulations and keep abreast of recent changes
Analysing directives, regulations and the FCA handbook to assess their impact on BTL and its Participants
Provide strategic advice and recommendations to the business areas with regards to the business’ policies, rules and regulations
Keep up-to-date on global regulations and regulatory environment in assigned area
Interacting and communicating with internal departments such as legal, client relations and accounting external parties such as outside counsel and compliance consultants
Support Compliance reporting and analysis for Global Compliance and Data Governance Department
Reduce redundancies of current process, remove inefficiencies
Introduce new reporting processes to new audiences
Compliance Senior Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Senior
List any licenses or certifications required by the position: CRCM, ASQ, CAMS, CIA, ACAMS, CISSP, CISA, EMC, CISM, ABCP
Education for Compliance Senior
Typically a job would require a certain level of education.
Employers hiring for the compliance senior job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Education, Law, Accounting, Legal, Technical, Project Management, Management, Business/Administration
Skills for Compliance Senior
Desired skills for compliance senior include:
U.S. banking laws and regulations
Specifically consumer protection regulations impacting loan origination and servicing
Budgeting and project management methods and tools
Project planning
IT internal controls and familiar with IT standards
Project planning and project management methods and tools
Deposits and operational compliance
Regulations
BSA/AML
Control summaries
Desired experience for compliance senior includes:
Recommend "Fit For Purpose" standardized reporting processes to respective clients
Assisting and reviewing portfolio compliance surveillance reports
Technology solution implementation skills
Developing, delivering and maintaining a set of PEP Procedures and associated guidance that introduces a significantly more risk based approach to the management of PEPs
Designing and maintaining the overall control framework for PEPs and sensitive clients, including a "menu" of potential control options that can be applied
Providing oversight to the set-up of the infrastructure required to log and provide ongoing management to clients
Compliance Senior Examples
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Compliance Senior Job Description
Job Description Example
Our growing company is looking for a compliance senior. 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 senior
- Provide support to developing fixes to ensure the business areas remain in compliance
- Participate on offsite inventory reviews
- Monitor open and pending issues in Audit reporting applications
- Support the operations in activities
- To analyze monthly alerts sent by Trade Control team
- To analyze Bridger Insight (BI) match cases and offer comments on the way to bring the cases to appropriate conclusion
- Preparation and filing of STRs with Financial Intelligence Unit (FIU), India
- To facilitate Trainings on AML and track completion
- Follow-up with confirmation of events, issues, and remediation
- Compile, replicate and execute daily, monthly, quarterly reports in short timeframes while
Qualifications for compliance senior
- Must have minimum 7 - 10 years experience within the Funds industry
- Communicate and resolve regulatory enquiries from external stakeholders ie
- Excellent PC skills using Microsoft (Word, Excel) and Lotus Notes
- Ability to analyze and interpret financial and non-financial data, policy issues
- Good analytical, communication (written verbal) and listening skills required
- Meet moving deadlines and adapt to changes quickly
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Compliance Senior Job Description
Job Description Example
Our growing company is looking to fill the role of compliance senior. 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 senior
- Conduct comprehensive compliance reviews and risk assessments of business activities, practices and controls
- Design, implement, and monitor programs, policies, and practices to ensure that relevant business areas are in compliance with regulatory requirements
- Report on a regular basis to the CCO and Business Senior Management on the progress of implementation and assisting them in establishing methods to improve efficiency and quality of services
- Periodically work with the CCO to revise the program in light of changes in the needs of the organization and in the law and policies and procedures surrounding RIAs and private equity firms
- Assist the CCO with developing, coordinating, and participating in a multifaceted educational and training program that focuses on the elements of the compliance program
- Coordinate, along with the CCO, internal compliance review and monitor activities including periodic reviews of departments
- Respond, in conjunction with the CCO, to regulatory inquiries as a key point of contact
- Act as one of the primary point of contacts with the Investment teams in regards to advisory responsibilities, which includes providing support for staff training
- Training should be performed on a regular basis, and needs-based training should be performed where necessary
- Support correspondence requests from external parties
Qualifications for compliance senior
- Detailed knowledge of regulatory requirements, codes and standards applicable to Corporate Areas
- Being a representative in the Operational Risk Unit, functioning inside his department / activity, ensure the implementation of both institutional and hierarchical directives in order to ensure a complete coverage of the different operational risks
- Contribute to the completion of Global Control Plan and other Risk framework documents to the satisfaction of the Group requirements
- Ensure that the incident management framework is handled effectively without any open issues
- Follow-up with the Units for any information or documentation deficiencies to meet local requirements
- Conduct root cause analysis (RCA) for all incidents and complete the preventive measures capture and implementation within the defined time lines
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Compliance Senior Job Description
Job Description Example
Our innovative and growing company is looking for a compliance senior. 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 senior
- Provides direction to business partners with regard to the impact of laws and regulations, and helps with the development of policies and procedures
- Work with the Compliance Manager and Director to ensure compliance with third party regulations through collaboration with staff from Patient Accounts, Physician Billing Dept, HIM and appropriate ancillary departments
- Serve as a resource on billing policies and regulations and proactively identify and address issues that may impact billing accuracy
- Conduct research of applicable laws, rules and regulations and other standards for billing compliance as questions arise
- Assess new developments / regulations regarding Billing Compliance and participate in the analysis of how these will affect billing activities and processes
- Demonstrate a thorough knowledge of CMS and other billing regulations
- Work with IT to perform/facilitate quarterly segregation of duty testing
- Interface with Global SOX COE team to stay abreast of new developments and cascade compliance information as required, including bringing additional entities/activities into scope
- Review and provide recommendations related to ongoing documentation of current processes and procedures
- Effectively communicate with all levels within the organization to resolve issues
Qualifications for compliance senior
- Implementing and ensuring gift policy
- Implementing and ensuring insider trading avoidance policy
- Maintain whistleblowing process and manage reported alerts
- Watch over sensitive employees framework
- Contributing to the definition and implementation of appropriate measures to manage reputational risk
- Minimum of 10years of experience with compliance and/or risk-related activities for a federally regulated bank or similar experience at a federal banking agency
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Compliance Senior Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of compliance senior. 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 senior
- Ensure all materials and associated disclosures are in compliance with regulations
- Reviews exception reports for patterns of sales practice issues or violations of FINRA and firm regulations
- Provides assistance and guidance to registered representatives regarding compliance issues, firm policies and procedures and industry regulations
- Reviews updates/changes to FINRA, SEC and state regulations and updates policies and procedures
- Creates dashboard tools and reporting mechanisms to support meaningful risk reporting and analysis by senior leadership
- Researches best practices in compliance risk oversight
- Monitor compliance with Company A Policies and internal control frameworks
- Support the business units in monitoring for changes in business which impact internal controls over risk assessment, reporting, develop common processes, re-engineer and streamline processes and controls primarily related to compliance functions
- Prepare, analyze, evaluate, and document internal controls testing assessments and results
- Partner with the Compliance team and lead prioritization of internal and external audit requests including completion of client responses
Qualifications for compliance senior
- Experience with Microsoft AX, Perceptive, SAP / Cartesis, Donovan Data Systems / Mediaocean a plus
- Banking or regulatory compliance experience a plus
- Ability to work quickly, accurately and independently with complex subject matter
- Expert knowledge of global regulatory and cGMP requirements, industry best-practices, and a strong familiarity with production operations
- Identifies regulatory issues, through evaluation of policies, practices, and industry guidance in order to develop and evaluate proposed resolutions and their impact on business processes and resources
- Identifies and stays current on regulatory issues, through evaluation of policies, practices, and industry guidance in order to develop and evaluate proposed resolutions and their impact on business processes and resources
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Compliance Senior Job Description
Job Description Example
Our growing company is hiring for a compliance senior. 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 senior
- Participate in the review and make updates for the maintenance of written supervisory policies and procedures for FINRA and other compliance programs
- Some previous experience in risk, compliance, assurance and/or advisory
- Some understanding of compliance processes, policies and plans, and risk management
- Provides oversight of Sales Supervisors
- Performs daily and periodical oversight and analysis of trading activity and other activities of registered representatives
- Monitor and review representatives’ outside business activities
- Work with registered representatives to identify and investigate issues, provide alternative solutions and resolve issues or escalate as appropriate
- May review customer complaints and resolves or escalates as necessary
- Responds to regulatory inquiries or escalates as necessary
- May respond to discovery requests and arbitration/litigation requests as necessary
Qualifications for compliance senior
- Bachelors degree in Business or Health Administration or compliance related field from an accredited college or university and a minimum of 5 years of related experience
- Professional presence and excellent presentation skills (including PowerPoint presentations)
- Technical and regulatory knowledge of personal lines insurance is a plus
- Knowledge of the Advisers Act and Investment Company Act
- Liaise with Corporate Compliance to ensure all Staff Group activities are in line with the enterprise-wide programme
- Bachelor’s degree holder in information technology or engineering