Compliance Monitoring & Testing

The Compliance Search   •  

New York, NY

Industry: Staffing & Recruiting


5 - 7 years

Posted 303 days ago

This job is no longer available.


A global investment bank and corporate bank seeks a Compliance Monitoring and Testing (M&T) professional.

This compliance team oversees the regulated activities that the investment bank undertakes. They are responsible for setting out regulatory policies, keeping senior management informed about regulatory issues and monitoring conformance reviews.

The team includes experts in three main disciplines: regulatory compliance (including privacy and large shareholdings); anti-money laundering, sanctions, anti-bribery and corruption; and operations.


Purpose of Position:

The function of the Monitoring and Testing team is to undertake business-aligned and thematic reviews of the businesses to ensure adherence to Compliance policies, standards and processes, and to highlight any regulatory or reputational concerns to senior management. The M&T team is an approximately 60 person team spread globally.


Key Accountabilities and Skills required:

o Plan for and manage compliance reviews according to the established review schedule and ad hoc regulatory / business commitments, including determining review scope, budget and testing approach, including planning for review scope, budget and testing approach

o Perform on-site compliance reviews to:

o Validate compliance against established policies and procedures and applicable regulations;

o Develop recommendations for corrective action based on review findings;

o Work with business Compliance Officers and management to agree on appropriate action plans

o Present and report review results to Business and Compliance Management

o Follow-up on action plans to verify that corrective action has been effectively implemented.

o Stakeholder management and leadership.

o Maintain relationships with business Compliance Officers and management to keep abreast of current business developments and regulatory issues that may impact the risk environment of the Firm, including supporting the US Bank Advisory Compliance team with its US Compliance efforts.

o Maintain a broad knowledge of the Firm’s business and regulatory framework in which it operates

o Satisfy standards for delivering high quality value added compliance risk reviews

o Provide guidance on compliance and supervisory findings related to review areas

o Anticipate and provide solutions to complex issues


Your Skills and Qualifications will include

o 4yearBachelors degree

o 5years of compliance, regulatory, audit or operational risk management experience in a global investment bank including experience with investment banking products

o Knowledge of FINRA, SEC, FRB, and other regulatory rules and regulations

o Enforcement experience with the FED, FINRA, SEC or other regulatory agency a plus

o Ability to analyze and interpret regulatory rules and their impact on the business

o Good understanding of corporate bank products and services and core investment banking business lines and products (including equities, fixed income, commodities, banking and financing activities) a plus

o Energetic, detail-oriented, organized, articulate, willing to take responsibility, and comfortable speaking and responding to comments and questions regarding review work

o Demonstrated analytical skills

o Demonstrated written and oral communication skills

o Demonstrated interpersonal skills

o Constructive and positive approach to challenges

o Self motivated, proactive and able to manage multiple priorities

o Ability to work independently and in a team environment

o Ability to represent and enforce compliance while considering the needs of the business

o Able to support point of view when challenged

o Ability to anticipate and provide solutions to complex problems