REGULATORY COMPLIANCE SPECIALIST

Capgemini; New York (NY); On-site; USD 95,000 - 149,000; Full time

Job summary

Capgemini seeks an experienced Regulatory Compliance Specialist for its New York, NY on-site operations. This contract role focuses on building and maintaining the local compliance plan, conducting testing, and reporting to Group Compliance. The candidate will manage U.S.

regulatory requirements with emphasis on SEC and CFTC scopes, ensuring robust risk controls and alignment with global standards. The position requires deep knowledge of U.S.

Qualifications

• Experience as a compliance consultant in U.S. banking or regulatory environments.
• Ability to establish a local compliance plan and testing.
• Familiarity with U.S. securities and derivatives regulation, including SEC and CFTC scope.

Responsibilities

• Develop and maintain a local risk-based compliance plan for the New York branch.
• Conduct regulatory screening and risk assessments for Conduct, Financial Crime, and Regulatory Compliance.
• Perform compliance testing and review, reporting findings and remediation plans to Group Compliance.

Skills

Root cause analysis

Risk & compliance management

CAMS

CRCM

Banking products

Job description

REGULATORY COMPLIANCE SPECIALIST (Contract)

New York, NY, United States (On-site)

Contract (2 months)

Published 2 days ago

root cause analysis

Risk & Compliance Management

CAMS/CRCM certifications

Banking products

The branch is seeking an experienced compliance consultant to act as the local, independent second-line compliance resource for its New York operations. The role is the branch's compliance function in practice: it owns the local risk-based compliance plan, performs compliance testing, sets and monitors local key risk indicators, and produces quarterly compliance risk reporting to Group Compliance.

A distinctive element of the mandate is a U.S. regulatory certification workstream: establishing the full population of U.S. requirements, obligations and available exemptions that apply extraterritorially to the Group's European home-market operations, with particular focus on securities and derivatives activity in scope of the SEC and the CFTC.

The consultant applies the risk assessment, testing and reporting methodology of their own firm and is expressly not bound by the Group's standard operating procedures. Deliverable templates are provided by Group Compliance.

Business context

The New York branch supports a narrow, wholesale-only activity set:

Liquidity management for Group Treasury, including execution of transactions in financial instruments

Financing products and trade finance, including guarantees and standby letters of credit — predominantly supporting client guarantees to public authorities and rental obligations

Facilitation of international trade finance products that are subsequently offered and documented in the Group's home market

Direct loans, syndicated loans and revolving credit facilities

The branch does not provide cash management services (no client accounts, payments or FX) and does not hold licences to provide financial instruments services to clients.

The branch currently carries no major or critical residual compliance risks. Historically, risk-based monitoring and testing has been performed roughly annually by Group compliance staff based in Europe; this engagement establishes a permanent local capability.

Key responsibilities:

Risk-based compliance plan

Develop and maintain an annual risk-based Compliance Plan for the branch, operationalising the Group Compliance mandate to run risk-based monitoring and testing programmes.

Perform a local compliance risk assessment covering the Conduct Risk and Financial Crime risk categories, using the Group's Risk and Control Objective Library (generic risks, control objectives and expected controls) as the reference set. Group Compliance supplies equivalent input for Regulatory Compliance Risk.

Assess inherent risk, evaluate actual controls, and conclude on residual risk.

Document conclusions in a local compliance plan that concludes on the control environment and proposes and prioritises compliance activities by residual risk.

Calibrate conclusions with Group Compliance so the plan feeds consistently into quarterly risk communication. Group Compliance consolidates local plans into the Group plan.

Update the plan when material risks emerge and report changes to Group Compliance.

Risk-based activities:

Subject to annual approval of the compliance plan by Group Compliance:

Compliance testing- the primary activity. In-depth testing of one or more controls within a process or area, assessing both design and operating effectiveness of key compliance controls.

Embedded controls- where the compliance function is control owner and executes the control. May or may not become relevant.

Model validation- in-depth assessment of model risk across design, governance and implementation. Applicable only to systems used exclusively by the branch, i.e. not in the Group's home markets. Where model validation is outside the consultant's own competence profile, the consultant coordinates qualified external resources and reports the outcome independently.

Review and challenge of testing or validation performed by other external specialists, reporting on the adequacy of that work.

Document all testing activity and formally report findings, severity assessments and remediation plans to the relevant branch and Group Compliance stakeholders.

Regulatory screening:

Verify that the branch maintains effective processes for identifying and assessing local U.S. requirements alongside Group-level requirements, and that these are adequately aligned and translated into local branch regulations. Screening is operationally performed by the first line; the consultant retains independent oversight.

Provide structured information transfer to Group Compliance on regulatory developments, trends, emerging risks, implementation status and identified gaps.

U.S. scope certification: independently establish and certify the full scope of U.S. regulatory requirements, associated obligations and potential exemptions applicable to the Group's European home-market business operations. This requires navigating a framework characterised by fragmentation across multiple regulators, frequent change, and extraterritorial reach over foreign banks with limited U.S. exposure. Primary focus: securities and derivatives trading in scope of the SEC and the CFTC.

Key risk indicators:

Assess the relevance of implementing local equivalents of the Group's KRI set, and the need for additional local KRIs, including for Regulatory Compliance Risk.

Act as the liaison to the first line on KRI matters: communicate first-line requests for new, amended or revoked KRIs, and host an annual session for the first line to present proposed changes.

For implemented KRIs, manage first-line communication on threshold breach escalation and remediation action plans.

Quarterly compliance risk reporting:

Prepare structured quarterly reporting to a Group-defined template, covering Financial Crime Risk, Conduct Risk and Regulatory Compliance Risk. Reporting must give a consolidated view of the branch's compliance risk landscape, identify material changes in exposure, assess control effectiveness, include forward-looking considerations, and remain consistent and comparable with Group-level reporting standards. Components:

Audit and control results — structured oversight of all compliance-related findings from compliance testing, internal audit, local audit functions, regulatory inspections and first-line control reviews. Report open findings, overdue findings, criticality classification and remediation status, with particular attention to high-risk or stalled remediation. Independently assess the adequacy of remediation measures.

KRIs, monitoring and escalation — assess trends, threshold breaches, deteriorating indicators and potential systemic weaknesses; provide root-cause commentary; ensure material deviations are escalated to Group Compliance.

Material events and emerging risks — report medium and high-risk incidents, regulatory breaches, systemic control failures and significant operational changes; assess and report emerging risks and material business model changes in structured form.

Regulatory interactions — the Branch Manager remains responsible for managing regulatory interactions and findings, and for their documentation and archiving. The consultant ensures Group Compliance is informed of all regulatory interactions concerning the branch and holds oversight of all material interactions and findings.

Coverage of the workstreams above — risk-based plan and activities, new product approvals, and regulatory screening.

New product approval and advisory (on request):

New Product Approval Process (NPAP): the first line leads as change owner and Group Compliance participates per existing routine. The consultant assesses compliance implications and reports noteworthy developments arising from an approval — for example actual or suspected regulatory breach, significant incidents, or regulatory contacts.

Advice and support: ad hoc and regulatory-driven questions route first to first-line Compliance and Risk Managers, then to the Group's non-financial risk function. The consultant is engaged only when specifically requested by Group Compliance.

Training: delivered by first-line Compliance and Risk Managers or Group Compliance on a risk-based approach. The consultant is engaged only when specifically requested.

Required experience:

Substantial hands-on compliance experience in a U.S. banking or broker-dealer environment, ideally including a foreign banking organisation's U.S. branch or agency.

Demonstrable command of the U.S. regulatory perimeter relevant to a wholesale branch: BSA/AML and OFAC sanctions obligations, federal and state supervisory expectations for foreign bank branches, and the SEC and CFTC regimes governing securities and derivatives activity — including how those regimes reach non-U.S. entities.

Proven track record designing and executing second-line compliance testing: scoping from a risk and control library, testing design and operating effectiveness, rating findings by severity, and agreeing remediation with control owners.

Experience performing compliance risk assessments using an inherent / control / residual methodology, and producing plans that prioritise activity by residual risk.

Experience defining and monitoring KRIs, including threshold breach escalation.

Experience producing board- or group-level compliance risk reporting to a prescribed template.

Ability to work with genuine independence from the first line while operating as an embedded local resource, and to challenge work performed by other external specialists.

Excellent written English; reporting will be consumed by a European Group Compliance function.

Preferred:

Familiarity with trade finance, guarantees and standby letters of credit, syndicated and revolving lending, and treasury liquidity execution.

Prior experience supporting a European banking group in the U.S. market.

Model validation capability, or an established network of qualified specialists to coordinate where validation is required.

Relevant certification (for example CAMS, CRCM, or equivalent).

Experience with anti-bribery and corruption, and data protection control environments in a banking context.

Ways of working:

The consultant applies their own firm's methodology for risk assessment, planning, execution and report writing, and is not bound by Group Compliance standard operating procedures.

Group Compliance provides the risk and control library, KRI decision documents, and templates for the compliance plan and quarterly reporting.

Delivery is on-site at the New York branch, part-time, with effort scaled to the approved annual plan.

Annual risk-based local Compliance Plan, with local compliance risk assessment

Compliance testing reports with findings, severity ratings and remediation plans

Local KRI relevance and gap assessment; quarterly KRI data collection

Quarterly compliance risk report covering Financial Crime, Conduct and Regulatory Compliance Risk

Certified scope of U.S. requirements, obligations and exemptions applicable to the Group's home-market operations

Ad hoc reporting on material events, emerging risks, NPAP outcomes and regulatory interactions

The pay range that the employer in good faith reasonably expects to pay for this position is $69.34/hour - $108.35/hour. Our benefits include medical, dental, vision and retirement benefits. Applications will be accepted on an ongoing basis.

Tundra Technical Solutions is among North America’s leading providers of Staffing and Consulting Services. Our success and our clients’ success are built on a foundation of service excellence. We are an equal opportunity employer, and we do not discriminate on the basis of race, religion, color, national origin, sex, sexual orientation, age, veteran status, disability, genetic information, or other applicable legally protected characteristic. Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law, including the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Unincorporated LA County workers: we reasonably believe that criminal history may have a direct, adverse and negative relationship with the following job duties, potentially resulting in the withdrawal of a conditional offer of employment: client provided property, including hardware (both of which may include data) entrusted to you from theft, loss or damage; return all portable client computer hardware in your possession (including the data contained therein) upon completion of the assignment, and; maintain the confidentiality of client proprietary, confidential, or non-public information. In addition, job duties require access to secure and protected client information technology systems and related data security obligations.