Vacancy Details

Role Title Sr. Compliance Consultant- AVP JobID JRA447
Role Type Permanent Date Posted 14-07-2018
Company Information BIG 5 BANKING FIRM

(Consistently ranked as one of the best employers to work for)
Programme Information Locations: Charlotte, NC and Minneapolis, MN
Role Description Corporate Risk helps all our businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Our compliance is the company’s compliance second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks.

Our compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

Within our compliance, enterprise
testing group is responsible for establishing and maintaining a consolidated Enterprise Testing program at the corporate level.
Enterprise Testing is responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams are responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing.

The Wealth Investment Management Testing &
Validation (WIM T&V) team is looking for a Compliance Consultant 4 to support the Retirement lines of businesses under WIM. This position will support the WIM T&V team in control testing, validation reviews, and special projects.

This position includes the following primary responsibilities:

Lead, and as needed assist with the execution, of regulatory (MCR) and business process risk management (BPRM) testing programs to assure compliance with, policy, regulatory requirements and adhere to corporate T&V Standards

Design test scripts and identify accurate and complete populations for testing

Evaluate the adequacy and effectiveness of policies, procedures, processes, and internal controls

Evaluate and rate control design and performance
Work with complex business units and provide compliance and operational risk expertise for testing programs to identify and mitigate regulatory and bank policy risk in business activities

Consult with business to effectively manage change in ensuring adequate corrective actions are in place to ensure regulatory and policy compliance
Provide guidance to other consultants

Participate in quality reviews of review activity reports, work papers and supporting documents, and system data

Take on additional special projects and responsibilities as needed

Required Qualifications

6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

Advanced Microsoft Office skills

Excellent verbal, written, and interpersonal communication skills

Strong analytical skills with high attention to detail and accuracy

Ability to interact with all levels of an organization

Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Ability to develop partnerships and collaborate with other business and functional areas

Ability to take initiative and work independently with minimal supervision in a structured environment

Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders

Outstanding problem solving and decision making skills

Ability to work effectively in virtual environment where key team members and partners are in various time zones and locations

A BS/BA degree or higher in accounting, finance, or economics

Other Desired Qualifications

3 + years experience in testing to evaluate the effectiveness of controls (may include audit, compliance, internal control, or other related testing)

Knowledge of Employee Retirement Income Security (ERISA) and fiduciary regulations
Knowledge of securities industry and asset management principles

Certified Internal Auditor (CIA), Certified Retirement Services Professional (CRSP),
Certified Fiduciary and Investment Risk Specialist (CFIRS), Certified Securities Operation Professional (CSOP)
Working knowledge of Institutional Retirement &
Trust and Trust Operations business lines
Knowledge and experience with SEI Trust 3000 and WySTAR

Experience with SHRP, BIKE, and other operational risk applications

Ability to quickly learn new systems, applications, and technologies

Ability to identify issues, risk and escalate to the appropriate party

Job Expectations

Ability to travel up to 25% of the time
Education /
Experience /
A BS/BA degree or higher in accounting, finance, or economics

CIA/CRSP/CFIRS/CSOP are preferred
Competencies 6 + years of experience within a financial firm/CPA firm or Big-4 public accounting firm is preferred.

Experienced in Risk management (commerical, credit, market risk, IT risk) along with accountability for compliance or operational risk is highly preferred.
Characteristics No relocation
No visa sponsorship or transfer for this role
Security Clearance Required? (Y/N) NO Relocation Assistance Offered? (Y/N) NO