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Senior Director, Finance and Actuarial Compliance Officer
TIAA-CREF
Chicago, IL, United States
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COMPANY OVERVIEW:
As long as there are people who make the world a better place, we’ll keep making a difference for them. Since 1918, it has been TIAA’s mission to serve those who serve others. It is this mission and the values we embrace that make us a different kind of financial services organization.
When you work here at TIAA, you’re not just in it for yourself. You are part of something bigger. A collective mission to make a difference – a collective mission we make our own.
To be difference makers.
For more information about TIAA, visit our website.
Position Summary:
This Senior Director position is responsible for providing compliance expertise and partner support to the TIAA Finance and Actuarial (‘F&A’) business area. The F&A Compliance Officer will drive the development and on-going enhancement of the F&A compliance program and is responsible for ensuring high level operational execution and improving efficiency, effectiveness, productivity and controls. The Compliance Officer designs and sets compliance standards for the business areas.
The ideal candidate will have the ability to provide expert advice in a dynamic environment, assist business partners in identification and mitigation of compliance risks and deliver strategic, practical and business-focused compliance solutions. The candidate should be skilled at providing compliance advice to achieve efficient and effective compliance risk management and meet regulatory expectations.
Key Responsibilities & Duties:
• Perform compliance governance and oversight activities for the compliance program by assisting management to enhance and maintain a compliance program in line with regulatory requirements and expectations.
• Serve as a compliance subject matter specialist in order to ensure key controls are implemented and maintained, compliance regulations and requirements are met, and proper business oversight is established.
• Identify and provide guidance on operationalizing regulatory requirements for new business areas.
• Manage and execute the compliance monitoring and validation plan to reasonably ensure F&A adherence to policies, procedures and standards.
• Assess and evaluate F&A processes for identifying, measuring, assessing, monitoring and reporting compliance risk levels to senior management and/or board of director committees.
• Oversee F&A controls and processes to evaluate fundamental operations and identify potential risk areas or control issues.
• Oversee monitoring and investigation of unusual trends or activities that can be indicative of compliance issues and risk.
• Develop management action plans to remediate any compliance-related issues.
• Prepare reports for executive management and governance bodies and assist with other high-level general compliance activities as needed.
• Collaborate closely with senior level Business, Law, Risk and other Compliance partners on compliance related matters.
• Interact with external regulators as needed.
• Establish and maintain relationships and communication with business unit employees to build trust and obtain the necessary information to assist in maintaining an effective compliance program.
• Provide compliance support in regulatory examinations and inquiries.
• Perform or assist with special departmental projects, as needed.
• Support, as needed, Corporate Function Compliance group members with execution of monitoring and validation activities.
• Commit to continuing education to remain current with regulations, best practices and industry trends.
QUALIFICATIONS:
Required:
• Bachelor’s degree is required
• Prior Compliance experience in financial services is required.
• Prior experience managing people, processes and projects is required.
• Minimum of ten years of financial services experience.
Preferred:
• Legal, compliance or audit experience is a plus.
• MBA or JD preferred.