The Line of Business Compliance Manager is responsible for the supporting the design and implementation of an effective compliance program for the line(s) of business and operating unit(s) he or she supports. This position will initially be primarily aligned to support the Commercial Real Estate line of business, in particular the Pillar Division.
The Line of Business Compliance Manager serves as the subject matter expert, responsible for providing regulatory guidance on applicable federal and state laws and regulations and internal compliance policies. The Compliance Manager’s primary responsibilities, in his or her oversight role, will include conducting ongoing risk assessments of applicable regulatory requirements; supporting the business in strengthening the design, documentation and implementation of compliance controls; assessing changes in the laws and regulations applicable to the business, providing guidance and oversight for effective implementation of controls to meet new requirements; establishing compliance monitoring and quality control testing programs, including ensuring appropriate monitoring and quality assurance testing in the business; developing key compliance metrics and reporting to inform the business; assessing training needs and delivery of appropriate training; managing compliance regulatory examinations; assessing compliance risks associated with business changes, vendors, incentive compensation plans and sales practices; reviewing marketing materials; evaluating compliance risks associated with customer complaints; identifying, tracking, and advising on remediation of compliance risks and issues; escalating of compliance concerns; and leading various compliance initiatives for the business and for Wholesale Compliance Delivery.
Minimum Requirements: Candidate must have a college degree; 10 years of relevant work experience, including compliance risk management, audit, regulatory examination or regulatory consulting experience in the financial services industry, with demonstrated strong knowledge of compliance concepts, laws, regulations, and compliance risk management practices and policies associated with the financial services industry; strong analytical and problem solving skills; strong communication skills, both verbal and written; strong presentation skills; strong relationship management skills, and the ability to develop and lead the execution of action plans to meet required outcomes. Candidate must also possess the ability to perform highly complex analysis; interpret and explain complex laws and regulations; perform multiple tasks in a fluid environment; lead large initiatives; and work both independently and as a member of a team.
PreferredQualifications: CRCM certification; legal or advanced degree; knowledge of the financial institutions business supporting commercial real estate clients.