Senior Compliance Job Description
Senior compliance
provides accurate consumer product risk assessments and classifications for products to internal business units and outside service providers to ensure regulatory compliance with consumer product safety regulations in US, Canada and Mexico and other trade requirements.
Senior Compliance Duties & Responsibilities
To write an effective senior compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included senior compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Reads and interprets Medicare Rules and Regulations
Playing a central role in designing and executing a major exercise to review the significant volume of clients currently deemed to be "PEP"s
Working with other teams in the regions and client segments who will also manage sensitive clients, with a view to ensuring consistency of approach and spreading "best practice" across the network
Providing advice to the front line on the classification and risk assessment of PEPs and other high risk clients, and providing written recommendations to senior management and client committees as required
Personal trading
Political contributions
Anti-Money Laundering duties
Reviewing regulatory holdings reports
Providing the day to day Compliance support and challenge to the Volcker programme in order to meet regulatory expectations
Facing off to the US regulators
Senior Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Compliance
List any licenses or certifications required by the position: CRCM, ASQ, CAMS, CIA, ACAMS, CISSP, CISA, EMC, CISM, ABCP
Education for Senior Compliance
Typically a job would require a certain level of education.
Employers hiring for the senior compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Education, Law, Accounting, Legal, Technical, Project Management, Management, Business/Administration
Skills for Senior Compliance
Desired skills for senior compliance include:
MS Office
MS Outlook
MS Excel proficiency is an advantage
Basic SQL
Regulations
Consumer product compliance processes and regulations
Consumer product safety regulations
Laws
Excel and PowerPoint
Systems
Desired experience for senior compliance includes:
Good working knowledge of Consumer Credit Act / CONC preferred
A wide knowledge of lending markets, current regulatory issues expertise in the key product areas for retail financial services
Ideally will have previous experience within AML and PEPs
Investment Advisor knowledge and experience
University degree in Business, Finance or equivalent work experience
Professional designation – LLB, JD, CMA, CGA, CA, CFA – desireable
Senior Compliance Examples
1
Senior Compliance Job Description
Job Description Example
Our company is looking to fill the role of senior compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior compliance
- Oversees and assists with internal and external IT/security audit program development, coordination, and remediation
- Creates policies and procedures related to the Information Security processes
- Develops consistent and repeatable processes to increase efficiency of tasks and other requests
- Ensures security controls are properly administered and maintained
- Reviewing and overseeing the approval of advertisements, marketing materials and webinars written by the firm's staff and materials posted by third-party service providers
- Handling regulatory inquiries from the SEC, FINRA, CFTC, and NFA concerning securities, commodities and derivatives trading and compliance issues
- Meeting with and responding to the FINRA and NFA regulators during audits of the firm
- Filing of required communications for regulatory approval
- Review of daily and weekly surveillance reports
- This will entail negotiating complex client settlements and processing as needed
Qualifications for senior compliance
- At least 4 years of work experience in in the financial services industry, preferably gained through practical experience in asset management companies and/or regulatory authorities and/or audit firms
- Ability to prioritize multiple tasks well with have good time management
- Ability to speak a third (Asian) language will be viewed favourably
- Strong knowledge of fixed income products, alternative investment asset classes and financial markets in general structure of products such as private non-registered limited partnerships and other commingled vehicles, 40-Act mutual funds and separately managed accounts
- 5+ years examination experience with a State or Federal Regulatory Agency, focused on consumer compliance examinations
- Self-motivation to independently work to complete multiple projects/tasks in a timely and accurate fashion
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Senior Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior 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 senior compliance
- 3 to 5 years of experience in a regulatory compliance or related field
- Support residential, commercial, and wholesale businesses
- Frequently prepares and delivers presentations to senior management
- Partner with State and Product Management Underwriting functions to ensure compliance with underwriting, filing, forms, and regulatory or statutory changes in assigned states
- Ensure assistance to projects for interpretation and guidance to requirements being it statutory, class or standards
- Ensure employee’s understanding of specific requirements on ad-hoc basis
- Be responsible for the compliance processes and certification management in the Quality Management System
- Be responsible for the continual improvement, updates and maintenance of the Compliance Matrix Tool, its development and optimization
- Act as the compliance administrator for the marketing and advertising material review application
- Monitor compliance activity across North America entities
Qualifications for senior compliance
- Five+ years of risk management or bank compliance experience including a minimum of two years in compliance audit
- Candidates should be able to work both independently and as part of a team
- Compliance certification and/or experience as a loan processor, loan underwriter or QC reviewer is preferred
- Maintain local compliance function mission statement Proactively work on building compliance function strategy able to response to organizational and regulatory changes
- Support GSO Compliance Manager in the varied tasks performed on behalf of BPSS Corporate & Territory Compliance functions
- Ensuring all relevant external activities by employees reported
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Senior Compliance Job Description
Job Description Example
Our company is growing rapidly and is hiring for a senior compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior compliance
- Develop and present complex metrics and reports from internal tracking systems for individuals including the Chief Compliance Officer, AVP/Chief Privacy Officer and other Compliance leadership for internal control compliance
- This position will be responsible for assisting in handling high complexity investigations and for independently handling low to medium complexity investigations
- This will require contacting field members and clients as necessary and collaborating with field leaders on outcome
- The Senior Compliance Analyst is also responsible for ensuring that investigations cases are processed efficiently, accurately and timely in order to meet regulatory requirements and expectations
- Perform required SEC and NFA-related Regulatory filings (e.g., Form PF, CTO-PQR, CTA-PR, ) and assist with gathering data for other regulatory filings (e.g., Form ADV), as needed
- Monitoring/testing of alternatives program related policies and procedures (e.g., expense allocation)
- Evaluate control design effectiveness, making recommendations to enhance controls and business processes
- Identifying opportunities to improve operational efficiency and effectiveness, developing the risk and control framework, creating process flow charts and control test plans, and performing initial control operational effectiveness testing
- Partners with the entity to provide on-going guidance on the implementation and remediation of controls and leads periodic update meetings
- Conduct and sometimes leads the preparation of planning documents and request lists, directs the project opening meetings, develops work papers to document findings, leads the closing meetings and prepares reports
Qualifications for senior compliance
- Identify Operational Risk Areas within the Client Business Revenue Process
- Able to work with others or independently, as determined by needs of the project
- Must have excellent written and verbal communication skills strong organizational and presentation skills
- 3-5 years internal audit, risk management, or compliance related experience
- Strong analytical writing skills and ability to clearly convey process flows and control functions in a narrative format
- Disciplined approach toward reviewing business process and procedure and recording observations in a consistent, verifiable format
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Senior Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior compliance
- Analyze Clinical and Ancillary Departmental Compliance Monitoring Reports to identify issues, patterns or trends
- Assist with the creation and implementation of an annual evaluation of compliance with departmental plans
- Conduct non- coding audits in accordance with the Compliance work plan
- Oversee special projects involving data analytics, risk assessment and investigations as needed
- Review, maintain, and update regulatory filings, including those filed with the SEC and NFA
- Conduct descriptive and/or diagnostic analysis to provide actionable insight derived from both internal and external data to enable Compliance to better understand, profile and enhance reporting requirements
- Identify, propose and implement advanced analytic solutions, including automation, to help mitigate regulatory risks
- Research, analyze, and identify key data-driven insights and clearly articulate these insights in the form of actionable recommendations for Compliance
- Design processes and draft procedures regarding reporting requirements and other compliance related activities
- Review reports, risk indicators, and red flags to identify and propose corrective action
Qualifications for senior compliance
- Minimum of a Bachelor’s Degree or equivalent business related experience
- Ability to contribute and collaborate within a team
- Provide oversight of CRA, Fair Banking, Customer an dCommuity risks within assigned Business lines
- Conduct Consumer and Community Risk Assessment to determine residual risk and develop Key Risks for focused review
- Coordinate monitoring with the CRA and Fair Banking data analytics team, interpret statistical results, identify strategies to reduce Customer risk, documents work product, and develop Findings and/or Recommendations
- Conducts and leads testing efforts
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Senior Compliance Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of senior 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 senior compliance
- Audits policies and procedures to ensure compliance
- Review customer complaints and inquires to ensure proper regulatory filings are made
- Review and monitor employee disclosures regarding personal trading, outside business activities, etc
- Review regulatory consultation documents for changes to registration requirements
- Ensure reports are maintained and provided to Compliance management, as appropriate
- Undertake ad-hoc projects relating to regulatory framework as required and produce management information relating to the project
- Work closely with the business to identify and resolve compliance issues
- Review regulatory filings and ensure they are made in timely manner
- Review requests for information from regulators, collect information and documentation and prepare applicable response for Compliance management
- Review, draft and maintain various compliance policies and procedures as required
Qualifications for senior compliance
- Enhance and implement the AML Risk Assessment framework to identify areas of improvement in the AML Compliance Program, and transaction monitoring needs
- Minimum of six years of Investment Adviser Compliance experience
- Ability to work both independently and collaborate with other departments
- Background composting technical documentation
- Ability to recognize and diagnose trends and patterns
- Advanced degree, J.D., Masters, PhD, preferred