Compliance Risk Manager Job Description

Compliance Risk Manager Job Description

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Compliance risk manager provides quality and regulatory guidance to assure country specific compliance to the laws and regulations of the targeted market for distribution.

Compliance Risk Manager Duties & Responsibilities

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

Sample responsibilities for this position include:

Understands and implements project and contract management USG regulations and guidelines in order to provide support and guidance in a strategic and problem solving manner
Coordinate other engagement activities, such as status reporting to the client, issue tracking
Oversee the day-to-day operations of multiple engagements
Responsible for the supervision of staff and management of services to clients, which includes preparation of audit strategy and business plans, setting and monitoring budgets, scheduling audits, selecting staff and assigning workloads, and financial reporting
Manage engagement budget, staffing, and scheduling issues
Liaise with client stakeholders to gather and evaluate customer onboarding documentation
Identify integrity of client documentation, raising issues such as insufficient information
Analyze KYC risk of clients, then presenting recommendations to client and actioning accordingly
Documenting client findings in a structured and organized manner Requirements
Bachelor’s degree required with a major in MIS, Computer Science, Finance, Economics, Business or Financial Engineering preferred

Compliance Risk Manager Qualifications

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

Licensing or Certifications for Compliance Risk Manager

List any licenses or certifications required by the position: CAMS, CISA, CPA, PCI, CISM, CISSP, CIA, PMP, CGSS, CRCM

Education for Compliance Risk Manager

Typically a job would require a certain level of education.

Employers hiring for the compliance risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Business, Finance, Education, Economics, Business/Administration, Computer Science, Management, Information Systems, MBA

Skills for Compliance Risk Manager

Desired skills for compliance risk manager include:

Excel and PowerPoint
Regulatory compliance to consult and provide insight and guidance
Regulations and regulatory expectations
Specific area of compliance laws
Compliance laws
Competitive/regulatory landscape and the company's key challenges
Relevant industry regulations and regulatory compliance in a specific area
Regulations
Risk/Compliance/Audit competencies
Control summaries

Desired experience for compliance risk manager includes:

Mutual Fund or Investment industry experience, preferable
Customer service and risk management experience preferred
Experience working within a global team environment preferred
Strong mutual fund customer service and operations knowledge and business insight
Relevant knowledge and experience in relation to of Enhanced Due Diligence, sanctions compliance and/or anti-bribery & corruption compliance
Knowledge/exposure to the sanctions and/or anti-bribery and corruption regulatory requirements of jurisdictions outside EMEA, US, would be an advantage

Compliance Risk Manager Examples

1

Compliance Risk Manager Job Description

Job Description Example
Our company is looking for a compliance risk manager. 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 risk manager
  • Providing commercial insights with an external and enterprise lens which supports senior management in 'connecting the dots' and making more informed decisions
  • Contributing to the education of bankers and credit managers regarding operational risk & compliance issues
  • Evaluates the systems of internal controls within the departments using risk assessment and statistical models
  • Prepares audit reports and recommendations, and presents reports to the Audit Director for review
  • Proposes new audit techniques and procedures to improve effectiveness/efficiency of audit(s)
  • Reviews all workpapers, ensuring audits are performed within the time budget allotted
  • Providing expertise and guidance on account opening documentation requirements for Off/Onshore legal, Trust and complex structures
  • Act as a centre of expertise to the Private Banking Sales Teams including areas related to client on-boarding, source of wealth documentation, cross border understanding and High Risk jurisdictions
  • Performs all complex operations, risk and specific regulatory compliance functions Nationally, ensuring processes/controls are in place and being followed to protect shareholder interests
  • Applies a continuous-improvement approach to achieving superior client experience aligning with the five principles of the Black Card Experience
Qualifications for compliance risk manager
  • Industry-related legal, compliance, information security or business continuity management certification is preferred
  • Persistent with the ability to conduct follow-ups while maintaining effective working relationships
  • PMP, PMI , CSM or Six Sigma certifications preferred
  • Basel III (Basel 3) reporting experience preferred
  • Seven plus years Project Management and Program Management Office experience
  • 7+ years relevant work experience in Sarbanes-Oxley implementation/compliance or in risk management related roles such as internal or external audit
2

Compliance Risk Manager Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of compliance risk manager. 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 risk manager
  • Keepon top of regulatory developments within or outside of the company evolving best practices in compliance control
  • Supervise staff by training, mentoring, coaching, prioritizing assignments, and setting goals
  • Responsible for conducting meetings with various Trustmark department managers in order to gather information regarding their need for technical writing assistance within their departments
  • Review of the work produced by junior level staff and the management of engagements is a critical part of this position
  • Support successful completion of various external compliance certification programs if required
  • Support service delivery in preparation for client audit or compliance program
  • Drive a broad and proactive risk handling approach with the business stakeholders, creating risk awareness, risk resilience and risk handling in a consistent manner together with respective stakeholders
  • Manage tracking of identified findings and actions to closure and report to leadership
  • Responsible for translating regulatory legal advice into IT operations and ensuring compliance with guidance
  • Responsible for the leadership and execution of IT SOX, SOC1, SOC2, HIPAA, PCI and NIST compliance and processes with a Governance, Risk and Compliance (GRC) Management System
Qualifications for compliance risk manager
  • Executive presence to report, at least quarterly, to the Audit Committee of the Board of Directors on current quarterly audit results, any findings, corrective actions and status of prior open issues
  • Analysis of audit programs for effectiveness, recommending changes and improvements as appropriate
  • Discussion with clients of any changes to scope of audits performed, significant findings noted as the audit progresses and conclusions and recommendations as audits are finalized
  • Experience with risk and compliance monitoring tools, such as Archer GRC, is strongly preferred
  • Proven highly advanced influencing and communication skills to advance strategies throughout all levels of an organization
  • Self-starter, creative and has a growth mind-set
3

Compliance Risk Manager Job Description

Job Description Example
Our company is looking to fill the role of compliance risk manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance risk manager
  • Work closely with CISO, Internal Audit, Procurement & Compliance to identify compliance baselines from legislative requirements and corporate objectives
  • Maintain an up-to-date understanding of emerging trends in information security risks
  • Manage team that serves as liaison to IT and auditors, and facilitates coordination of all audit activities, including
  • Manages the corporate security case management system by establishing and maintaining structures, processes and controls
  • Manages the corporate SAR (Suspicious Activity Reporting) hotline program and Corporate Security internal website
  • Administers the development, implementation and continuous refinement of physical and/or operational security policies, standards, guidelines and procedures to ensure ongoing adherence to security protocols
  • Coordinates investigative efforts with regional security investigators, fraud prevention, BSA operations, compliance, audit, branch support and other departments to ensure the timely and effective resolution of active cases
  • Manages external liaisons with law enforcement, financial institutions, industry and professional associations and task forces
  • Produces reports for management and government audiences
  • Contract / Business Associate Agreement review
Qualifications for compliance risk manager
  • Minimal 3-5 years experience working in a consumer-centric company
  • Prior demonstrated capability leading teams (minimal 3-5 years)
  • Minimal 3-5 years experience with operational leadership, preferably with Medicare business
  • Comprehensive knowledge of all Microsoft Office applications, including Excel, Word, Visio
  • Prior Medicare operations experience
  • Provide support, advice and guidance to the IaaS Leadership team and their subordinates supporting them in adhering to Barclays mandated governance requirements, including compliance with internal and external obligations
4

Compliance Risk Manager Job Description

Job Description Example
Our growing company is looking to fill the role of compliance risk manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance risk manager
  • To report on the KPIs relevant to your area
  • To handle any compliance queries in a timely and accurate fashion
  • To provide compliance input into CAT developments, including product launches, distribution and systems developments
  • To assist with any ad-hoc requests from the CAT and/or the regulators
  • To assist with the completion of relevant regulatory returns and regulatory submissions/applications
  • To prepare relevant papers/presentations for the Board and relevant Committees
  • To develop and maintain a ‘culture of compliance’ within the CAT
  • Lead the implementation and integration of the Risk Management Process into the business processes (and functions), resulting in an annual Store Risk Register showing key risks
  • Support and follow up with relevant stakeholders the execution of mitigation plans as defined in the Risk Management Process to achieve targeted risk levels
  • Upraise and assist Country Risk Manager in updating the annual Country Risk Register
Qualifications for compliance risk manager
  • Education to A or degree level
  • Effective decision making skills on complex matters
  • Skilled in leading teams and projects in a time-sensitive environment
  • Demonstrated understanding of compliance and internal control frameworks (COSO, COBIT, NIST, ISO)
  • Bachelor's Degree or equivalent 4 Year University Degree required
  • Fluent English, additonal language a plus
5

Compliance Risk Manager Job Description

Job Description Example
Our company is looking to fill the role of compliance risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance risk manager
  • Display correct judgment during times of chaos and ambiguity
  • Ensure comprehensive updates and reporting to higher Information Security Management
  • Lead and contributes practically in key projects, ensuring their compatibility with the strategic direction
  • Partnering with various business or functional units on Internal Control global initiatives including Data Analytics dashboard, Segregation of Duties / High Sensitive Roles allocations reduction
  • Ensuring compensating controls for Segregation of Duties (SoD) access and process controls
  • Reviewing role design specifications for local roles and SOD checks upon assignment
  • Working with Audit, HR and our Business Solutions teams to manage and actively reduce SoD conflicts across the market
  • Assessing the impact of process changes and new projects
  • Leading Information Security Management System Quality audit
  • Managing and resolving Internal Control issues and gaps
Qualifications for compliance risk manager
  • Represent Payment Operations in GST core team and lead the actionable so as to ensure smooth execution of the new processes in vendor payments team
  • Ensure smooth implementation of Oracle roll out in India market from tax compliance perspective
  • Understand the tax requirements in the new markets which are being migrated
  • Being able to deal with an environment of continuous change, with the need to absorb information quickly, think laterally and work independently
  • Need to build business relationships and to collaborate with business partners
  • Candidate should be a Chartered Accountant/ CA Inter and have thorough understanding of accounting and tax (Direct and Indirect) compliance principles

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