Job DescriptionCompliance is seeking a Director to oversee DTCC's global regulatory change management program. This program includes, but is not limited to, monitoring the global regulatory environment to identify new and changing regulations and regulatory guidance that may impact DTCC and its regulated subsidiaries, working with key stakeholders within the organization to ensure that the impact is assessed, gaps are identified and remediated, and that key controls supporting regulatory compliance are in place. The Director of Regulatory Change Management will interface with all levels of DTCC management, including senior management.
Your Primary Responsibilities:
- Lead a team in the monitoring of the global environment to identify new and changing regulations potentially impacting DTCC's regulated subsidiaries leveraging horizon scanning tools and other sources.
- Providing clear communication and guidance regarding relevant industry news and regulatory changes to business and support areas, including senior management.
- Performing regulatory change assessments and coordinating with key stakeholders across DTCC, including First, Second and Third Line of Defense. Working with key stakeholders to review, assess and document specific process enhancements to support compliance with regulatory requirements.
- Maintaining with great accuracy an inventory of regulatory requirements, guidance, and similar information.
- Ensuring the maintenance and timely update of regulatory change management program documentation.
- Representing Regulatory Change Management on Governance, Risk and Controls working groups.
- Managing the organization's annual process to update its PFMI/CCAS Disclosure Frameworks and engaging with Legal and other stakeholders in various other regulatory projects.
- Driving improvement in technology that supports the regulatory change management function.
- Providing metrics and reporting for senior management
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
**NOTE: The Primary Responsibilities of this role are not limited to the details above. **
Qualifications: - Bachelor's Degree (BA) in a related discipline required, J.D. preferred; advanced degree and/or certification (JD, MBA/MS, CPA, CIA, CFE, CRP, CAMS, CAMLP) a plus.
- Minimum of 10 years of related experience
Talents Needed for Success: - Regulatory management experience in Compliance or Legal at a global Financial Institution or similarly highly regulated environment
- Knowledge or familiarity of DTCC's role in the Financial Services Industry a plus.
- Ability to analyze risks and controls to mitigate regulatory compliance risk.
- Strong organizational, time management, analytical, and project management skills.
- Ability to multi-task and to adhere to established deadlines while working in a fast-paced environment required.
- Excellent written and verbal communication skills, with strict attention to detail.
- Strong proficiency with PC based applications including Excel, SharePoint, Word, and PowerPoint.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.
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About the TeamThe General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.
The Compliance Department is dedicated to protecting DTCC against risks of non-compliance with applicable laws and regulatory matters affecting DTCC and its subsidiaries, including evaluating and responding to new and changing federal, state, local and administrative regulations.
