MUST LIVE IN THE GREATER ST.LOUIS AREA Job Description
Position Overview The Compliance Assurance Lead will be an individual contributor to the Compliance Assurance team within Global Ethics and Compliance ( GEC ) at headquarters. The Lead is a key contributor who manages and performs second-line of defense activities providing compliance assurance to our company. They will work within the Compliance Assurance team to assess compliance risks, drive operating efficiencies, and identify potential improvements. The individual will lead, manage, and execute various aspects of the second-line assurance program including assessments, plans, processes, testing, controls, etc.
Responsibilities - Lead, manage, or execute second-line assessments, examining compliance with regulatory requirements and internal policies or procedures in accordance with the Compliance Framework. Liaise with and challenge risk and control owners self-assessments on a regular basis. Activities include evaluating controls, policies, and processes for effectiveness and compliance; process/control sampling and testing; and executing risk mitigation strategies across business units and market segments.
- Responsible for and may lead junior staff in business unit and related legal entity level internal and external reporting. Facilitates and coordinates with all necessary stakeholders on the preparation of comprehensive yet concise reporting for all necessary risk committees, boards, and other stakeholders across the assigned business units. Lead the development and improvement of management reporting.
- Collaborate with senior management during the annual assessment planning process to create a compliance-aware culture. Ensure the established compliance framework is aligned with appropriate regulatory requirements and escalate any associated issues.
- Work cross-functionally with applicable stakeholders to assess impact, assign ownership, and review management action plans for assessment findings.
- Collaborate with Global Audit Services, Global Legal Services, and Global Risk Services on risk-related topics.
- Collaborate, consult, and mentor peers within the department. May assist with associate development including interviewing, training, or sharing of best practices.
- Perform special GEC projects as assigned.
- Maintains regular and predictable attendance
Requirements EDUCATION AND EXPERIENCE
Required
- Bachelor s degree or equivalent work experience.
- Minimum of 5+ years of experience in enterprise risk management, operational risk, internal audit, or compliance related fields.
Preferred:
- Post-graduate or professional qualification in a related field is desired.
SKILLS AND ABILITIES
Required:
- Clear understanding of applicable laws, regulations, and requirements impacting financial institutions.
- Strong knowledge of compliance risk management concepts, frameworks, methods, and good governance practice.
- Effective ability to adapt to a rapidly changing work environment, demonstrating the capacity to manage multiple tasks and deadlines simultaneously.
- Team-oriented with strong organizational and interpersonal skills.
- Strong analytical, critical thinking, and decision-making skills with excellent written and verbal communication skills.
- Effective ability to prioritize projects and work independently when necessary.
- Sound attention to detail.
- Strong ability to make timely and effective decisions.
- Advanced Microsoft Office skills.
- Effective ability to quickly learn and understand the business.
Risk Assurance Lead