Transaction Banking Compliance, Director
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Job
Summary:
This position serves as the Compliance Manager and Business Line Compliance Officer (BLCO) for the Transaction Banking Division and its businesses, as well as other organizational areas as may be assigned, to ensure that an effective compliance program is developed and maintained to address compliance with applicable regulatory requirements, key compliance issues and processes are evaluated and controlled, and appropriate actions are taken to mitigate compliance risk. This position shall serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policies. Further, this position is responsible for the compliance related matters outlined in the Compliance Officer/Compliance Liaison Officer Appointment Letter.
Responsibilities:
Serve as the lead business line compliance officer for the Transaction Banking Division, as well as other organizational areas that may be assigned.
Serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policies.
Supervise and lead the Transaction Banking Compliance team members; communicate organizational and group objectives; and provide support and guidance for goals and initiatives in support of the Annual Plan. Monitor progress and report on the status of completion of compliance initiatives.
Develop compliance related monitoring and compliance metrics for the Transaction Banking Division, as well as other organizational areas that may be assigned; perform and/or manage accordingly. Provide information for initiatives tracking and compliance reporting to management and governance groups.
Develop and maintain relationships with key stakeholders, including businesses and other risk functions, to ensure implementation of an effective compliance program. Utilizing the knowledge of the business activities and products of the businesses supported, provide consulting and advisory services to business units to comply with applicable laws, regulations, and policies (e.g., Conflicts of Interest, Information Security, Material Non-public Information, Anti-social Elements, Yearly Absence Requirement, Gifts & Entertainment, Personal Trading, the Volcker Rule and Affiliate Transactions).
Work with key stakeholders to implement compliance programs designed to comply with applicable laws, including federal and state banking and securities laws, and OCC, FDIC, Federal Reserve, DFS, and CA Department of Business Oversight regulations, as applicable.
Draft, or participate in the drafting of, compliance related policies and procedures. Make recommendations to develop or enhance business unit policies and procedures as they relate to compliance subject matter; and respond to compliance related questions from management and staff.
Conduct regular meetings (e.g., monthly) with senior management of the principal business units supported to discuss compliance risk management matters. Produce a written report or materials to document those meetings.
Act as a liaison and assist the business units to address compliance issues raised by, among others, regulators, Internal Audit, and Compliance Testing. Support business units to develop controls and procedures to mitigate compliance related risks.
Execute, participate in, manage and/or support the execution by team staff of assigned responsibilities under the bank's compliance risk assessment programs (e.g., Corporate Compliance, BSA/AML, Sanctions, Anti-corruption, and Global Risk Assessments).
Perform, participate in and/or manage the performance of assigned responsibilities under the Shidouyaku program to implement or satisfy Home Office and Japan Financial Services Agency (JFSA) requirements. This includes, but is not limited to, performing and/or managing the performance of requirements to conduct monitoring to assess compliance with key JFSA requirements and Home Office guidance as outlined in the Head Office Compliance Manager On-Site Monitoring and Compliance Check Sheets.
Perform reviews and/or manage team staff reviews of marketing materials concerning business lines supported.
Work with Americas Compliance Division (ACoD) Training on the development, coordination, and delivery of initial and ongoing training for employees on compliance requirements impacting these business units. Provide and/or manage the delivery of new hire training, including preparing related materials and recordkeeping.
Support KYC and OFAC teams in the performance of their responsibilities, as needed, for matters that require escalation. Respond to business line questions or act as a liaison between the businesses and the KYC and OFAC teams as requested on matters of significance or complexity. Assist the business unit to collect, review, and inform the Financial Intelligence unit of potential or suspicious activity.
Support business lines with respect to compliance related issues related to or resulting from business line reorganizations.
Review and/or manage the review by team staff of notifications of new or enhanced products or services (Notifications) and any related product and service risk assessments (PSRAs). Provide written analysis, comments or advice concerning compliance related risks or issues presented by the Notifications and/or PSRAs. Work and consult with sponsors and impacted business areas to address compliance risks presented by these proposals.
Review and provide comments concerning compliance risks presented by PSRAs which are submitted separately from Notifications. Work with the business areas that submit the PSRAs, as well as any other impacted areas, to address compliance risks identified in the PSRAs.
Perform and/or manage team performance of responsibilities and projects as assigned by supervisor and/or ACoD senior management, including those required by Home Office.
Minimum of 10 15 years of compliance and/or risk management experience with a focus on U.S. banking law and regulations
Strong knowledge of U.S. banking regulations
Ability to work with minimal supervision, well organized with strong attention to detail and strong analytical and written communication skills
Education: BS/BA Required; Advanced Degree Preferred (e.g., JD, MBA)
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Job
Summary:
This position serves as the Compliance Manager and Business Line Compliance Officer (BLCO) for the Transaction Banking Division and its businesses, as well as other organizational areas as may be assigned, to ensure that an effective compliance program is developed and maintained to address compliance with applicable regulatory requirements, key compliance issues and processes are evaluated and controlled, and appropriate actions are taken to mitigate compliance risk. This position shall serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policies. Further, this position is responsible for the compliance related matters outlined in the Compliance Officer/Compliance Liaison Officer Appointment Letter.
Responsibilities:
Serve as the lead business line compliance officer for the Transaction Banking Division, as well as other organizational areas that may be assigned.
Serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policies.
Supervise and lead the Transaction Banking Compliance team members; communicate organizational and group objectives; and provide support and guidance for goals and initiatives in support of the Annual Plan. Monitor progress and report on the status of completion of compliance initiatives.
Develop compliance related monitoring and compliance metrics for the Transaction Banking Division, as well as other organizational areas that may be assigned; perform and/or manage accordingly. Provide information for initiatives tracking and compliance reporting to management and governance groups.
Develop and maintain relationships with key stakeholders, including businesses and other risk functions, to ensure implementation of an effective compliance program. Utilizing the knowledge of the business activities and products of the businesses supported, provide consulting and advisory services to business units to comply with applicable laws, regulations, and policies (e.g., Conflicts of Interest, Information Security, Material Non-public Information, Anti-social Elements, Yearly Absence Requirement, Gifts & Entertainment, Personal Trading, the Volcker Rule and Affiliate Transactions).
Work with key stakeholders to implement compliance programs designed to comply with applicable laws, including federal and state banking and securities laws, and OCC, FDIC, Federal Reserve, DFS, and CA Department of Business Oversight regulations, as applicable.
Draft, or participate in the drafting of, compliance related policies and procedures. Make recommendations to develop or enhance business unit policies and procedures as they relate to compliance subject matter; and respond to compliance related questions from management and staff.
Conduct regular meetings (e.g., monthly) with senior management of the principal business units supported to discuss compliance risk management matters. Produce a written report or materials to document those meetings.
Act as a liaison and assist the business units to address compliance issues raised by, among others, regulators, Internal Audit, and Compliance Testing. Support business units to develop controls and procedures to mitigate compliance related risks.
Execute, participate in, manage and/or support the execution by team staff of assigned responsibilities under the bank's compliance risk assessment programs (e.g., Corporate Compliance, BSA/AML, Sanctions, Anti-corruption, and Global Risk Assessments).
Perform, participate in and/or manage the performance of assigned responsibilities under the Shidouyaku program to implement or satisfy Home Office and Japan Financial Services Agency (JFSA) requirements. This includes, but is not limited to, performing and/or managing the performance of requirements to conduct monitoring to assess compliance with key JFSA requirements and Home Office guidance as outlined in the Head Office Compliance Manager On-Site Monitoring and Compliance Check Sheets.
Perform reviews and/or manage team staff reviews of marketing materials concerning business lines supported.
Work with Americas Compliance Division (ACoD) Training on the development, coordination, and delivery of initial and ongoing training for employees on compliance requirements impacting these business units. Provide and/or manage the delivery of new hire training, including preparing related materials and recordkeeping.
Support KYC and OFAC teams in the performance of their responsibilities, as needed, for matters that require escalation. Respond to business line questions or act as a liaison between the businesses and the KYC and OFAC teams as requested on matters of significance or complexity. Assist the business unit to collect, review, and inform the Financial Intelligence unit of potential or suspicious activity.
Support business lines with respect to compliance related issues related to or resulting from business line reorganizations.
Review and/or manage the review by team staff of notifications of new or enhanced products or services (Notifications) and any related product and service risk assessments (PSRAs). Provide written analysis, comments or advice concerning compliance related risks or issues presented by the Notifications and/or PSRAs. Work and consult with sponsors and impacted business areas to address compliance risks presented by these proposals.
Review and provide comments concerning compliance risks presented by PSRAs which are submitted separately from Notifications. Work with the business areas that submit the PSRAs, as well as any other impacted areas, to address compliance risks identified in the PSRAs.
Perform and/or manage team performance of responsibilities and projects as assigned by supervisor and/or ACoD senior management, including those required by Home Office.
Minimum of 10 15 years of compliance and/or risk management experience with a focus on U.S. banking law and regulations
Strong knowledge of U.S. banking regulations
Ability to work with minimal supervision, well organized with strong attention to detail and strong analytical and written communication skills
Education: BS/BA Required; Advanced Degree Preferred (e.g., JD, MBA)
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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