Compliance Professional Job Description

Compliance Professional Job Description

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Compliance professional provides business advice and services to management and staff to ensure compliance with applicable federal laws, regulations, policies and good business practices.

Compliance Professional Duties & Responsibilities

To write an effective compliance professional job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance professional job description templates that you can modify and use.

Sample responsibilities for this position include:

Candidate will help ensure that the Firm complies with IIROC regulations and other applicable Canadian SRO and statutory and internal requirements
Perform compliance testing with applicable federal banking rules and regulations bank policies and procedures covering banking products
Assist with the Fed Front-to-Back and RCSA processes
Work with other team members and coverage personnel, Global counterparts, to coordinate the drafting, publication, and updating of new or amended policies and procedures as required by regulatory developments or changes in the firm’s business practices
Conduct independent gap analyses between existing procedures and current business processes, prioritize needs and propose suggestions for procedural enhancements
Evaluate the consistency of control standards and programs across regions and LOBs, Regions, Products, Locations, and across Functions
Perform AML analysis on system-generated alerts, collect and document data, including investigation, SAR history
Assist with policy, procedure, and strategic initiatives within the Global Employee Compliance area
Check employee personal trading requests in accordance with the Firm's personal account dealing policies
Respond to employee queries (via telephone and email) regarding personal account dealing

Compliance Professional Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Compliance Professional

List any licenses or certifications required by the position: CRCM, CPA, CISA, MBA, JD, CIA, PMP, DOT, RCRA, CISM

Education for Compliance Professional

Typically a job would require a certain level of education.

Employers hiring for the compliance professional job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Education, Computer Science, Business, Information Technology, Graduate, Business/Management, Criminal Justice, Accounting, Law, Technical

Skills for Compliance Professional

Desired skills for compliance professional include:

Regulations
Applicable laws
Financial services
Regulations governing health care industries
Excel and PowerPoint
Process improvement and metrics development
Finance practices and compliance
Microsoft Office applications
Regulatory trends that impact their assigned line of business
Risk/Compliance/Audit competencies

Desired experience for compliance professional includes:

Paralegal certificate or equivalent is a plus
CRCM is a plus
A basic understanding of how Research fits into an investment bank and the inherent conflicts associated with Research, Information Barriers, and concepts related to sensitive and material non-public information are preferred but not necessary
An understanding of equity and fixed income products is helpful
Technical skills including PowerPoint and Excel are necessary and will be required to learn other Firm proprietary compliance systems
Be motivated, well spoken, and willing to take on numerous tasks in a sometimes fast environment, while retaining attention to detail

Compliance Professional Examples

1

Compliance Professional Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of compliance professional. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance professional
  • Manage the process of Rule 17A-13 Quarterly Security Counts
  • Understand and apply specific regulatory mandates to the day to day operational functions
  • Provides technical and analytical support in a GCIB support operations function (clearance/settlement, trade processing, ) for product areas (equities, fixed-income, futures, FX)
  • May participate in projects and/or introduction of new initiatives, systems, products/services and processes
  • The candidate may review operational procedures and implement changes ensuring enforcement and adherence
  • Prepare materials for BGC reporting to regulators and management, including materials for each Bank’s Compliance Committee, Bank Risk Committee, Board Risk Committee, and Board meetings, other types of regular /ad hoc reports, including coordination and collation of information from relevant stakeholders and production of management reports and presentations
  • Communicate with Compliance personnel at all levels regarding their submissions, review content for accuracy and consistency, create timelines for each update and ensure that the submissions are complete and fully assembled to meet applicable deadlines
  • Provide weekly status reports to teammates across all levels of the organization using system reports ad-hoc reporting, as needed
  • ICA Advanced Certificate in Governance, Risk & Compliance which will lead to IBF Level 1 certification
  • Provide support to the compliance team in conducting due diligence reviews of third party service providers
Qualifications for compliance professional
  • Assist in the reviews of Sanction Screening and alerts
  • An understanding of products, sales, trading, and systems are also required
  • Series 7 & other certifications are a plus
  • Preferably minimum of two years experience in Compliance with a leading international or a large KSA financial institution
  • Legal qualifications are not necessary, but would be an advantage
  • Responsible for decisions related to staffing and employee development
2

Compliance Professional Job Description

Job Description Example
Our growing company is hiring for a compliance professional. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance professional
  • Consider regulatory requirements, departmental resources, and KYC goals and objectives to identify alternatives that are practical and appropriate, in addition to effective
  • Cross training across the Quality Testing team is expected
  • Pave the way for continuous improvement in the KYC process, and serves as a change agent
  • Responsible for day-to-day functions including managing a team of direct reports including Analysts (Makers) and Reviewers (Checkers)
  • Proficient in performing a second-level review of dispositions to ensure the process/procedure was followed and that sufficient analysis was conducted to support the decision, while ensuring the analysis was properly evidenced
  • Capable in keeping up with change and ensuring you are up-to-date with the team’s standard procedure
  • Review metrics & provide analysis/summary reporting to Senior Management on a regular basis
  • Ability to identify any process improvement opportunities
  • Identify and drive the implementation of initiatives and operational process changes
  • Participate in projects/initiatives, group objectives, and global discussions
Qualifications for compliance professional
  • Understanding of stock record and/or broker dealer books and records concepts
  • Candidate must be detail oriented, organized, and work well under pressure and on strict deadlines with ability to work flexible working hours
  • Quick, agile learner who can identify control weaknesses
  • Highly proficient in Excel, Access, Word, and PowerPoint
  • Willingness to work flexible hours and accept new assignments and challenges
  • Bachelor/Master or above 5 years relevant work experience that has provided knowledge on a similar level
3

Compliance Professional Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of compliance professional. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance professional
  • Provide regulatory support for surplus lines and ensure all business units are compliant with all regulatory guidelines
  • As part of the review, use independent judgment to assess whether or not KYC files meet, or fail to meet, Americas Compliance Division (ACoD) standards on completeness, content accuracy
  • Provide back-up for certain responsibilities
  • Monitor, research, analyze and address all essential compliance activities OFAC hits, news alerts
  • Attendance of weekly working group, and sub working group (business specific) meetings to consider the implementation requirements of the various Mifid 2 work streams
  • Consider and conclude some of the cross border and extraterritorial issues – with particular focus on cross border flows, overseas booking arrangements and global client coverage
  • Provide assistance with the necessary update requirements to policies, procedures and training
  • Provide assistance to the Compliance Surveillance team regarding enhancements required for surveillance to evolve its program in line with Mifid 2 changes
  • Provide assistance with documenting the rationale for interpretation and guidance from counsel
  • Act as liaison for audit activities
Qualifications for compliance professional
  • Aptitude to understand different business models, product sets, and risk factors across the various lines of business
  • Experience in banking or a regulatory field required
  • Experience with mortgage and real estate lending a plus
  • Experience training others preferred
  • Proficiency with Microsoft Word, Excel and other office software
  • This opportunity requires frequent travel (up to 40-50%) to client locations within North Dakota travel outside of North Dakota
4

Compliance Professional Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of compliance professional. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance professional
  • Integrate in the continued development of the programs Quality Management Plan
  • Follow-up on corrective actions and root cause analysis
  • Review Consultants and Contractors’ Quality Management Plans (QMP) and provide feed-back
  • Cooperate with the external audit process and preparation of local tax and regulatory reporting under local legislation of the different entities in scope with the support of the team
  • Hands on the month-end close to ensure timely and accurate report of financial statements to headquarter
  • Preparation and supervision of tax accounting, inventory accounting and all accounting journal entries in full compliance with IFRS and local requirements
  • Ensure that the highest levels of financial controls under internal and external compliance are in place
  • Contributes to the achievement of Compliance Department goals and objectives and adheres to departmental policies, procedures and standards
  • Adheres to the defined audit timeline and audit protocol standards
  • Develops compliance training content
Qualifications for compliance professional
  • Working knowledge of ClusterSeven is ideal
  • Understanding of key list screening software (Bridger Insight XG, FircoSoft)
  • Understanding the General Counsel (GC) function
  • Knowledge of public data research including CDD, Appway & internal systems & applications preferred
  • Understand KYC/KYD/AML and Due Diligence practices as it relates to negative media, PEP & Sanctions
  • Flexibility to work additional hours as needed, travel (45-50%) to client locations within Minnesota limited travel outside of Minnesota
5

Compliance Professional Job Description

Job Description Example
Our company is hiring for a compliance professional. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance professional
  • Assists departmental management with charge capture process and electronic medical record functionality and makes recommendations for improvement
  • Assists Compliance Department management with federal, state and other special investigations and audits
  • Communicate compliance changes to internal compliance team and others in a timely manner
  • Work in close partnership with internal compliance team to ensure understanding of compliance changes and provide tools for use with business units and customers
  • Assist business units with integration of compliance requirements into products and services when necessary
  • Serve as subject matter expert regarding human resource-related product compliance matters
  • Assist compliance team with responding to external inquiries regarding human resource-related product compliance
  • Work with colleagues to create and execute annual schedules for training, policies and procedures
  • Work with subject matter experts to create, review, approve, distribute and revise Bank Compliance policy and procedures
  • Oversee the review of draft policies & procedures regarding relevant compliance initiatives with key business unit stakeholders
Qualifications for compliance professional
  • Maintain a high level of service to Business Units supported in both New Customer Onboarding and Reassessments well within SLA’s, maintain a high level of data quality in all tasks
  • Ability to relocate on short term assignments (6-7 months) to corporate/sector locations in CA (Redondo Beach or Rancho Bernardo)
  • BS in relevant field and 7-9 years of relevant experience with applicable certification
  • BS in relevant field and 8-10 years of relevant experience without certification
  • HS/GED with 9-11 years of relevant experience with applicable certification
  • HS/GED and 11-13 years of relevant experience without certification

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