Vice President, Compliance Officer, EM Investment Bank, CIB Compliance, New York

Mandate Status: 
Active
Mandate Code: 
ASN003/13/0
- Our client, an EM Investment Bank is looking to hire a Compliance officer to their team in New York
- The role holder will work closely with the Chief Compliance Officer of the firm in updating, designing, implementing and monitoring an effective supervisory structure consistent with U.S. regulatory
requirements and the ERMF, as applicable
- The ideal candidate will achieve this by helping (i) establish a clear compliance and conduct risk framework for the firm (ii) setting common standards of expected behavior (iii) assessing adherence
to those standards (iv) giving clear and accurate compliance advice and training to the U.S. business activities of CIB business (v) monitoring and analyzing the firm's chaperoning requirements
pursuant to SEA 15a-6 and (vi) reporting and updating internal reporting requirements. The role holder will act as the second-in-command for the institution's Chief Compliance Officer and has full decision-making power and authority when required to do so

Requirements: 

  • Relationship management; ability to build internal and external credibility with stakeholders
  • Knowledge of SEA Rule 15a-6, Due Diligence requirements for FAP and foreign entity
  • Research distribution pursuant to Rule 15a-6(a)(2)
  • Good understanding of CIB products and a commitment to continued self-development
  • Exposure to AML, AML systems and AML on-boarding of customers
  • Previous compliance experience in chaperoning U.S. b-d (equity, debt, M & A advisory at minimum)
  • Compliance experience in branch or representative office of foreign bank
  • Excellent organizational ability
  • Strong performance management skills; ability to drive performance
  • Strong solution-driven person, with a hands-on approach to problem solving
  • Understanding of the regulatory landscape and requirements imposed by relevant regulators, including the FINRA and DFS or other state banking authority
  • Able to analyze, interpret and advise on regulations and legislation
  • Understands the core principles of a modern, effective compliance function
  • Able to establish effective Compliance frameworks, structures and core processes
  • Understands and is able to implement Compliance governance processes
  • Excellent communication skills (written and verbal)

Responsibilities: 

  • Help drive the regulatory behavior of the Business, specifically adherence to the values of the Securities Exchange Commission and the Financial Industry Regulatory Authority as well as the firm., through effective procedures, advice and training
  • Provide accurate and timely compliance and regulatory advice to the Business as a second line of defense
  • Report and escalate policy and regulatory breaches and compliance and/or regulatory issues to appropriate stakeholders, which may include Business management and in the absence, or upon request of the CCO, to the U.S. regulators
  • Provide relevant Compliance and Anti-Money Laundering information reporting to the Chief Compliance Officer
  • Assist in the Needs Analysis and development of the annual Training Plan for the firm and, with respect to the firm's AML training specific to BSA. Ensure effective execution of training including face-to-face training and e-learning, and tracking of such
  • Help implement new Policies and Business Procedures as may be required
  • Help manage new regulatory requirements affecting the firm by evaluating regulations (local & international) identified as relevant to the Business and provide and impact analysis relevant to the Business
  • Address impacts, including any required Policy amendments, business notifications and the provision of training
  • Help to keep Business apprised of notifications distributed by regulators impacting the Business
  • Position and communicate compliance Policies, regulatory requirements and initiatives with relevant Stakeholders
  • Maintain constructive regular engagement with the International Head of Compliance, relevant stakeholders (including the firm's executive Management, the Business and Infrastructure partners) and regulators
  • Assist in the on-boarding of new joiners, preparing and carrying out compliance and conduct training and maintaining records of such
  • Perform on-going monitoring of the Business’ adherence to expected compliance and conduct behaviours, through stakeholder engagement, compilation and assessment or management information, and tracking and analysis of issues
  • Play a major role in conducting regulatory risk assessments, identifying applicable regulations and assessing the associated regulatory risk
  • Play a lead part in maintaining the firm's Written Supervisory Procedures, complemented by an effective and fit-for-purpose assurance program backed up by appropriate management information
  • Track and perform root-cause analysis of issues and, where necessary, conduct “lessons-learned” exercises with the Business
  • Help export best/industry practice on conduct, to help build a stronger, more effective Compliance function across the firm
  • Assist with the design and execution of the CIB Compliance Monitoring and Testing program on regulatory risk to the Business, highlight any deficiencies and recommend improvements
  • Help with the preparation for regulatory examinations as well as assisting with market surveillance inquires as and when may be necessary
  • Serve on the appropriate risk and governance forums for Compliance, if appropriate

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