Regulatory Compliance Advisory Specialist

Sept 2017 Branding; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

A leading financial services provider based in New York is looking for a Regulatory Compliance Advisory Specialist. This position requires at least five years of experience in compliance within the financial services industry, along with exceptional communication and multi-tasking skills. The successful candidate will be responsible for managing regulatory relationships, reporting to senior management, and ensuring compliance deliverables across business lines. An ability to work collaboratively in a high-pressure environment is essential.

Qualifications

• Strong communication skills and ability to multi-task in high-pressure environments.
• Proficiency in standard PC programs essential for reporting and presentations.
• Experience working effectively with diverse teams across various disciplines.

Responsibilities

• Support oversight activities and reporting to senior management.
• Manage relationships with business lines to ensure compliance deliverables.
• Coordinate responses to regulatory actions and ensure timely submissions.

Skills

Communication skills

Multi-tasking ability

Relationship-building

Analytical skills

Education

Minimum 5 years of experience in compliance / legal functions

Tools

Microsoft Word

Microsoft PowerPoint

Microsoft Excel

Job description

Regulatory Compliance Advisory Specialist

Job Category: Compliance

Requisition Number: REGUL01933

• Posted : March 10, 2021
• Full-Time

Locations

New York
32 Old Slip
23rd Floor
New York, NY 10005, USA

This role will be a Level 3 specialist position in the Regulatory Relations function of Compliance working on various facets of Regulatory Relations – related responsibilities and tasks, as described herein.

This position requires an ability (i) to counsel and collaborate with business lines and personnel with respect to regulatory action items, document submissions and processes and regulatory requirements; (ii) to manage reporting and presentations to senior management, board, and other programs / committees and (iii) to support in regulatory examinations.

Essential Function / major duties and responsibilities of the job

Strategic

• Support CLS’s interface with: (i) the FRBNY Supervisory teams regarding all ongoing supervisory activities; (ii) the Fed Board Regulation HH team re: Regulation HH ANPC requirements and Regulation Y filings; and (iii) the Oversight Committee, including:
  • Supervisory-related examination and continuous monitoring activity
  • Managing the development and preparation of Regulatory Relations reporting to the Board, Senior Management and other committees / programs
  • Leading on the reporting and tracking of remedial activities
  • Supporting the overall regulatory framework, including training / education of CLS’s DFMU status, relevance and impact.
• Provide guidance and advice related to Regulatory Relations, enhance (as needed) policies/procedures, support CLS’s growth program through Regulation HH ANPC and Regulation Y activities and embedded participation in project working groups and support CLS’s strategy by engaging effectively in the supervisory regulatory environment
• Support the CCO and Head of Regulatory Relations in developing and preparing document submissions to internal constituencies, such as Board/Committees and internal committees

Operational

• Develop and maintain relationships with business lines in order to provide oversight and manage various types of deliverables involving input from a number of stakeholders
• Serve as a Regulatory Relations resource and coordinate and oversight related regulatory activities and engagement
• Manage the end-to-end process of reporting activities, including working with various data sets and collaborating with the business and continuously enhancing reporting
• Participate in working groups for projects and initiatives
• Responsible for managing the continuous monitoring sessions for different business divisions
• Responsible for tracking regulatory requests/deliverables, associated deadlines, owners, and stakeholders/dependencies
• Facilitate timely, high quality regulatory deliverables by coordinating and managing expectations internally as well as with regulatory stakeholders
• Proactively interface with the business on responses to regulatory actions for timely submission
• Be innovative, and able to prioritize and manage multiple tasks and deadlines

Leadership

• Collaborate across the company to maintain and enhance supervisory interface
• Strategize, influence and advise business lines with respect to Regulatory Relations remit
• Support and serve as a resource for CLS strategic initiatives
• Foster a culture of Compliance; manifest and support the Compliance Brand
• Assist in managing and evolving CLS’s relationships with regulatory stakeholders with a specific focus on the CLS Oversight Committee
• Support and assist in further developing CLS’s relationships with the regulatory community and industry groups across jurisdictions

Experience / essential and desired for successful job performance

• Minimum 5 years of experience in compliance / legal functions / regulatory affairs in the financial services industry
• Experience in developing content for various audiences, including senior management, regulators and industry groups,

Qualifications / certifications

Knowledge, skills and abilities / competencies required for successful job performance

• Organized self-starter with exceptional communication skills (both written and verbal), an ability to multi-task with a ‘can-do’ attitude
• Experience in and/or ability to work effectively with staff representing all disciplines within a company (e.g., Business Development, Operations, IT, Risk Management and Legal)
• Proficient in standard PC programs (Word, Power Point and Excel)
• Ability to work effectively with all levels in the organization and tactfully with a wide variety of stakeholders.
• Ability to work constructively and flexibly in a small team environment
• Accurate, acute attention to detail and ability to deal with high volume of information and high execution mode of environment
• Ability to work independently on routine matters; however, is expected to seek guidance from compliance management and accept supervision on all matters
• Professionalism, discretion, ability to maintain strict confidentiality
• Strong relationship-building and interpersonal skills
• Rudimentary knowledge/understanding of the key players in the regulatory community (e.g. the Federal Reserve, Bank of England, BIS)
• Rudimentary understanding of and interest in the FX market, current and evolving regulatory environment, oversight of financial services, risk management expectations and standards, and the impact on CLS

Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position

• Able to work in a DFMU environment with extremely high standards and intense regulatory scrutiny
• High ethical standards and a profound sense of urgency, integrity and confidentiality
• Driven by own initiative, can work independently as well as collaboratively
• Demonstrates appropriate awareness and skill on when and how to engage with stakeholders
• Ability to build relationships, consensus, to influence both internal and external stakeholders
• Loyal and results oriented team player
• Ensures delivery and execution of results

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.