VP, Compliance Job Description

VP, Compliance Job Description

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VP, compliance provides day to day advice and guidance on banking rules and regulations as well as operational processes to business partners.

VP, Compliance Duties & Responsibilities

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

Sample responsibilities for this position include:

Provide guidance to internal clients on appropriate interpretation and application of internal and regulatory policies/procedures
Provide training on updated regulations and/or policies and procedures to the business
Providing advice to Cash staff regarding applicable laws, rules, regulations, policies and procedures on a timely basis
Identifying weaknesses and risks and developing new policies and procedures resulting from developments in Cash
Assume a key advisory role on the TS AML Advisory team with respect to the primary support of the TS Core Cash products which includes US dollar wires, US dollar drafts, ACH (Domestic/International) and International Cash Letter (ICL), Check Deposits and Disbursements, Currency Services, Prepaid Card and Escrow
The candidate will review the Core Cash product AML Risk Assessments
Assist AML Compliance team members with reviewing and analyzing client activity overall activity across specific other high risk TS products
Support and creatively influence needed discipline change and assist in championing critical change initiatives
Actively partner with our Compliance clients and with the many technology partners across the firm to produce and deliver global solutions
Review content and project functionality for inclusion of regulatory requirements

VP, Compliance Qualifications

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

Licensing or Certifications for VP, Compliance

List any licenses or certifications required by the position: CAMS, CFE, AML, CFA, ASQ, CISSP, FEMA, ACAMS, CP, SCP

Education for VP, Compliance

Typically a job would require a certain level of education.

Employers hiring for the VP, 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, Law, Legal, MBA, Financial Services, Accounting, Education, Management, Graduate

Skills for VP, Compliance

Desired skills for VP, compliance include:

FINRA
Procedures
SEC
Banking products and services
Credit products/documentation
Indian regulatory framework and SEBI and RBI regulations is desired
Regulations governing the Premier Banking & Private Banking business and products
SEZ/ STPI /DoT regulations
Settlement and operational processes
Wealth management products and processes

Desired experience for VP, compliance includes:

Hands on development experience would be beneficial
Experience managing teams and large projects
Demonstrated relationship management skills with the ability to build strong relationships across the all levels of the organization, including at the ‘C’ level in technology, compliance and the business
Work closely with regional and global compliance officers to ensure coordinated approach to key regulatory issues
Execute communication plan for strategy, principles and roadmap to all stakeholders
Minimum 6 years of compliance experience or relevant technology experience necessary

VP, Compliance Examples

1

VP, Compliance Job Description

Job Description Example
Our company is growing rapidly and is looking for a VP, 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 VP, compliance
  • Supervise the compliance team functions including but not limited to controls, regulatory coordination and responses, training, creating and implementing new policies and procedures, assessment of regulatory changes, forensic testing
  • Liaise with IT to ensure relevant data from participating agencies is consistently captured in formats required by State Medicaid programs that will need to access the data
  • Maintain program standards and ensure program integrity
  • You will lead the compliance program in China
  • Work as part of a team to ensure proactive and risk-based compliance is delivered to relevant sales and trading personnel
  • Develop effective partnerships with the front office, compliance partners and other infrastructure areas to ensure consistency of compliance advice to the business
  • Assist in the development and roll-out of a bespoke compliance training programmes
  • Assist in the review of new products and services
  • Contribute to cross-departmental compliance projects as required, including regulatory change initiatives
  • Liaising with Compliance, Legal, Employee Relations and/or business management to assess and assign risk and follow up on issues identified during review of e-communications
Qualifications for VP, compliance
  • Experience of working in the investment management industry and of investment products
  • Experience of trade / portfolio compliance monitoring
  • Liaising with other compliance teams based in overseas offices
  • Travel to other locations as may be required
  • The role will report directly to the SVP, Head of Compliance Policy Guidance and authority will be provided to Business Local Compliance Officers, the Business
  • A bachelor’s degree or equivalent in Business, English, or related field
2

VP, Compliance Job Description

Job Description Example
Our growing company is hiring for a VP, compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for VP, compliance
  • Liaise with the business on regulatory changes and update compliance policies and procedures
  • Participate in new product reviews · Review outsourcing arrangements
  • Partner with business and entity management in managing regulatory reporting obligations
  • Maintain a broad knowledge of the Global Markets businesses in HK and the regulatory framework in which it operates
  • Develop relationships with the FICC Line of Business and entity management support functions to keep abreast of current business developments and regulatory issues that may impact the risk environment of the Bank
  • Be directly involved in regulatory risk assessments, dealing with regulatory updates, developments and inquiries relating to Global Markets in HK
  • You will identify and address the compliance risk of new product and interact with local regulator to seeking regulator's view advice business lines of the impact of regulatory changes on their business
  • You will also identify and address compliance risk around business lines and control functions and partner with business and local management in managing regulatory reporting obligations
  • Developing and maintaining a variety of policies in collaboration with legal department in order to comply with applicable laws, rules and regulations and/or best practices
  • Working with business units and legal department to respond to customer inquiries, including in connection with contract negotiations, regarding privacy and other compliance matters
Qualifications for VP, compliance
  • Have experience of working closely with various business partners to understand detailed business processes
  • Have a working knowledge of UK regulations applicable to Treasury Products [COBS, CASS, Reg W]
  • 5+ years in Compliance functions or similar risk and control function, preferably in the financial services sector
  • 1+ years of experience of operating in a project-based environment (e.g., project management, generation of business case) would be an advantage
  • 1+ years of proficient Word, Excel and PowerPoint skills
  • 5+ years of experience in regulatory delivery
3

VP, Compliance Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of VP, compliance. 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 VP, compliance
  • Revision/update business compliance manuals
  • Assist with various regulatory inquiries
  • Assist with identifying regulatory requirements for new business/new products
  • Assist with ad hoc transaction related questions
  • Licensing - Advising and assisting the business units with all licensing queries and requests
  • Assist in dealing with regulatory inspections and internal/external audits, any ad-hoc regulatory inquiries
  • Compliance advisory and support to the wealth management business in Hong Kong
  • Conduct compliance monitoring and compliance training
  • Support the wealth management business lines and oversee their monitoring and review
  • Conduct periodic review and ad hoc reports
Qualifications for VP, compliance
  • Display critical thinking, look to understand and address secondary risks and issues not necessarily related to the primary task
  • Self starter, with team management experience, capabilities
  • NY State Healthcare experience
  • Strong understanding of NY compliance laws and regulations
  • To be a qualified candidate, Bachelor or Master Degree from Law School, Chinese lawyer qualification certificate, or Certified Public Accountant is needed
  • As well, you need to have 5 years' working experience in guarantee or financial sector in legal/compliance filed, of which 3 years in compliance manager position
4

VP, Compliance Job Description

Job Description Example
Our company is looking for a VP, 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 VP, compliance
  • Undertaking Compliance reviews
  • Managing the provision of Compliance training
  • Managing the regulatory certification and registration processes
  • Managing the Outside Business Interests, Personal Account Dealing and Gifts and Entertainments processes and controls
  • Ensure fluid communication with Regional GFCC Compliance and escalation of issues, including the preparation of local management information including metrics and governance information for the Regional GFCC oversight committee
  • Accountable as the MLRO and to partner with other key areas such as Client Onboarding and Operations
  • Aid in the development of local AML and Sanctions training and awareness initiatives
  • Participate in regional GFCC level projects and initiatives, including advisory, partnering with other regional teams and Corporate GFCC Compliance
  • Represent the region on various global AML/LOB committees
  • Providing compliance and regulatory advice, including advising on existing and new Australian and New Zealand banking and securities laws and regulations
Qualifications for VP, compliance
  • Minimum of five years’ experience in a financial services-related environment
  • Responsible for new regulation policy training within the firm
  • Conduct ongoing compliance testing and projects
  • Candidates with more than 4 years of compliance experience are welcome to apply
  • Fluent in English and native level of Japanese are required
  • Be responsible for the handling the daily questions from the private wealth management business, including and not l imited to product suitability, product advisory, risk assessments, regulatory enquiries
5

VP, Compliance Job Description

Job Description Example
Our growing company is looking for a VP, 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 VP, compliance
  • Advise management of relevant global and local policies and procedures and assist management in their implementation
  • Perform periodic monitoring/ surveillance to check compliance with relevant regulations and internal policies and procedures in accordance with the local requirements and the Global Monitoring Program
  • Ensure that the regulatory changes are monitored, communicated and implemented appropriately throughout the company in an extremely timely manner
  • Demonstrate fantastic communication skills, able to tactfully find a resolution and promote a collaborative environment
  • This person will help maintain the speedy and accurate reputation that our client currently has, helping them continue to be a respected leader and powerhouse in the mortgage industry
  • Assist with the preparation of training and awareness materials
  • Assist with Anti-Corruption and Antitrust due diligence
  • Manage various projects
  • Assist with policy implementation
  • Assist with Antitrust advisory
Qualifications for VP, compliance
  • Minimum 10 year foreign banking experience with the degree of Accounting, Banking, Law or other relevant fields
  • Excellence/quality orientation
  • Minimum 5 years working experience in the financial services industry
  • Candidates coming from middle office, product control, trading floor or finance background with strong FICC product knowledge (focus on FX) and is keen to move to a compliance role, will be considered for this role
  • Experience in dealing with HKMA - an advantage
  • Strong communication skills in fluent English and Mandarin

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