Head Compliance Job Description
Head compliance
provides advice on guidance on business initiatives, including new products and processes, to determine whether they comply with applicable privacy laws and regulations.
Head Compliance Duties & Responsibilities
To write an effective head compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included head compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Manage regulatory Fair Lending risks from multiple perspectives (OCC, CFPB, FDIC, DOJ) for the full range of Consumer products
Lending products across entire loan life cycle (marketing, underwriting, servicing, loss mitigation)
Loan policy, pricing, marketing changes
Litigation and complaint management
Governance, reporting, exam management (audit and regulatory)
Controls, compliance, testing and training
Develop and implement new programs to manage / mitigate F/L risk
Oversee LOB Fair Lending risk analytics programs
Manage the compliance assurance activities across the business, managing the compliance assurance team
Oversee the delivery of the compliance assurance plans, including scheduled reviews and where required, adapt the schedules
Head Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Head Compliance
List any licenses or certifications required by the position: CAMS, CFE, CISA, DBS, EMS, QMS, IMS, ISO, AML, CISM
Education for Head Compliance
Typically a job would require a certain level of education.
Employers hiring for the head compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Law, Business, Finance, Education, Legal, Accounting, Management, Graduate, English, Business/Administration
Skills for Head Compliance
Desired skills for head compliance include:
Comparable anti-corruption rules and regulations
Excel
Experience with FCPA
Internet and e-mail applications
Power Point
Word
Applicable federal and state privacy laws and accreditation standards
Business processes and procedures
Commercialization and related processes
Compliance risk categories
Desired experience for head compliance includes:
Proven experience of working across teams and able to contribute to the strategic direction of a business
Able to deliver as a senior individual contributor, through influence and not through direct ownership or large resources
Good relationship and excellent stakeholder management skills both across teams and upwards throughout organisations (particularly those that operate complex matrices)
Experience in delivering structured project and programme management
Proven knowledge of local and EU bank regulatory requirements (incl
Ability to consistently deliver high quality results on the local and firm-wide Compliance program in a dynamic environment and support its on-going development
Head Compliance Examples
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Head Compliance Job Description
Job Description Example
Our company is looking for a head compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for head compliance
- A hands-on approach to dealing with the company's strategic and operational compliance practices
- Ensure the Bank's operations are conducted in compliance with ethical business practices, company policies and legal requirements
- Develop policies and procedures intended to prevent unethical and illegal conduct
- Support the business by providing compliance advice and guidance in relation to existing and new business initiatives
- Monitor UK and global regulatory developments and identify new regulations impacting the business, recommending and documenting action as appropriate
- Represent the bank before regulators and supervisory authorities, such as the PRA and FCA
- Maintain a comprehensive knowledge of the company's business and the regulatory framework in which it operates
- Prepare and respond to any compliance related applications or audits, internal or external as appropriate
- Provide advice in respect of handling breaches of policy, client guidelines/mandates, etc
- Develop local policies and assist in implementation of relevant global policies
Qualifications for head compliance
- Experience with modeling programs is desirable
- Significant knowledge of mortgage/consumer banking regulations
- Monitor daily global stock orders raised and ensure high risk product is compliant
- Record keeping and filing of all product testing
- Organise and assist with product compliance manuals and training schedule for our new starters
- Varied administration duties to support Production and Compliance team
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Head Compliance Job Description
Job Description Example
Our growing company is looking for a head compliance. 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 head compliance
- Responsibility for all Compliance Reporting including Chief Compliance Officer’s report and inputs into Chief Risk Officer reporting where relevant
- Provide guidance and drive Compliance Programs including Regulatory Readiness and Risk Assessments
- Ensure appropriate compliance material, including the status of key issues and risks, is monitored and presented to relevant risk committees as required
- Assist in development and delivery of required compliance training modules and other relevant training and enable monitoring of completion by the respective business lines
- Maintain oversight of compliance based operational risks for central compliance functions and maintain BCP and similar documentation
- Provide and maintain an up to date library or equivalent for Compliance Policies that all relevant businesses and staff have access to
- Ensure that businesses and policy owners regularly carry out activities to assess gaps between their respective policies and procedures
- Develop a strategy to ensure appropriate reporting and escalation mechanisms and frameworks are in place to facilitate the timely reporting of issues and to appropriate committees and/or Boards
- Develop and implement a governance strategy and appropriate processes in place to ensure compliance with ACL / AFSL requirements
- Oversee the Policy, Content Development and Communications, Compliance Training Administration and the Reporting and Metrics Teams
Qualifications for head compliance
- Bachelor’s degree in a life science or technical discipline required
- At least 10 years of pharmaceutical/biotech quality experience
- Ideal candidate will have broad experience in R&D product development, strong knowledge of R&D applicable GxPs including applicable CSV standards (ISO, GAMP, etc) and regulatory requirements such as21 CFR Part 11, experience with managing and conducting audits within the R&D functional areas, thorough understanding CSV requirements, background with regulatory agency inspections, and at least 5 years of management experience – specifically direct reports
- Sound retail and institutional asset management knowledge (having worked in-house for an asset management firm would be preferable)
- Compliance advisory experience within an asset management environment and proven people management experience
- Excellent knowledge of UK & Luxembourg regulatory framework UCITS & AIF regulations
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Head Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of head compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for head compliance
- Providing trainings on compliance topics to the business
- Contributing to raising employees' general awareness about compliance
- Setting up and executing controls (Compliance Monitoring Program)
- Identification of compliance breaches and ensuring prompt rectification, and maintaining register for breaches
- Participating in projects (guarding compliance with legislation, internal policies)
- Preparing the required compliance reporting
- Be able to opine on new fund products and new business initiatives
- Serving as a contact person for regulators / external auditors on all compliance matters
- Frequent contacts with other local entities of Asset Management Group
- Act as corporate Company Secretary
Qualifications for head compliance
- Thorough knowledge of the Asian countries which constitute the Firm's key markets, including familiarity with legal, capital markets and cross-border infrastructure of each jurisdiction, knowledge of regulatory, compliance and anti-money laundering regulations
- Post graduate degree (CA, MBA, Law)
- 10 years senior industry experience
- Minimum 5 years of compliance experience including AML
- Post graduate level degree in risk, legal, or finance (or related field of study, with related
- Ideally, you will be a bachelor's degree from a reputable university
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Head Compliance Job Description
Job Description Example
Our company is looking for a head compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for head compliance
- Coordinating all resources necessary to perform routine and annual compliance testing, which includes engaging various risk, legal and internal audit partners and external consultants
- Maintaining and updating on an ongoing basis, the NTAM compliance risk assessment plan, with an annual presentation to various NTAM risk committees and internal boards of directors
- Managing regulatory exams and routine requests from the Securities and Exchange Commission, National Futures Association, Financial Industry Regulatory Association, Federal Reserve Bank and State of Illinois
- Managing external auditor exams and routine requests
- Managing all NTAM regulatory filings, including those with the Securities and Exchange Commission, Financial Industry Regulatory Authority, National Futures Association, State of Illinois and Federal Reserve Bank
- Serve as Chief Compliance Officer for various bank common and collective commingled funds
- Updating the firm's compliance monitoring program as and when necessary, and maintaining the compliance manual
- Transaction reporting (MiFID, EMIR, Dodd-Frank)
- Approval of new business initiatives, and driving the development of relevant compliance policies and procedures
- Provision of MI to the board, including chairing quarterly risk meetings
Qualifications for head compliance
- Ability to manage effectively at both ends of the spectrum – helping the business develop high level strategy with appropriate compliance inputs while being able to get into the details in relation to, and advise on key high risk process failures
- Commitment to continuing self and team individual development
- Extensive AML/KYC experience, including subject matter expertise on all KYC profiles regardless of entity type and risk level
- Minimum of 12 years of experience in the pharmaceutical industry and/or in the development and implementation of compliance programs
- Must have experience in the implementation of U.S. pharmaceutical/biotech compliance programs the implementation of internal control environments associated with the Food, Drug, and Cosmetic Act, Anti-Kickback Statue, and the US False Claims Act
- Prefer direct experience operating under a Corporate Integrity Agreement
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Head Compliance Job Description
Job Description Example
Our growing company is looking for a head compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for head compliance
- Assist in conducting the firm’s annual risk assessment and help identify potential conflicts and risk areas within the firm
- Provide oversight and administration of the firm’s Code of Ethics policy which includes monitoring of personal trading activities, reporting of outside business activities, gifts and entertainment, and political contributions
- Assist with drafting, amending, and implementing compliance policies and procedures as required due to changes in regulations and business initiatives
- Coordinate the development and administration of the firm’s global training initiatives as they relate to Code of Ethics, Anti-Money Laundering, and Financial Crimes compliance
- Lead initiatives to enhance the firm’s compliance program relating to alternatives investments which include direct investments, secondary investments, private equity funds and hedge funds
- Review and prepare draft responses to compliance related questions in RFPs and DDQs
- Review and supervise the review of marketing materials to ensure compliance with all regulatory requirements and disclosure obligations
- Provide oversight of the firm’s SEC registered broker-dealer in order to ensure compliance with all FINRA rules and regulations
- Prepare and file Form ADV amendments, coordinate the filing of the firm’s Form PF, and periodic filing requirements in compliance with applicable CFTC and NFA requirements
- Performing a leadership role across the team on Regulatory Compliance, Regulatory Development and Monitoring & Surveillance
Qualifications for head compliance
- Minimum 8 years of relevant experience in compliance and AML function
- Degree Qualified in Business or Finance
- Minimum 5 or more years in financial services
- ACOI Certificate or Diploma in Compliance, or similar compliance, legal or regulatory qualification is an advantage
- Member of the Association of Compliance Officers Ireland
- Proven experience in a control function (compliance, audit, risk) or a legal function