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Compliance & Operational Risk Specialist

Jersey City, New Jersey;

Job Description:

The Compliance and Operational Risk Specialist assists the Compliance and Operational Risk officer team in activities to contribute to the independent compliance and operational risk oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs)).  In this role this candidate will get to work on a global platform.

As a member of a FLU or CF compliance and operational risk officer team, this role applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks by assisting FLU or CF Compliance and Operational Risk teams.  This role will specifically provide implementation and management support for the Policy Implementation Teams responsible for the Compliance and Operational Risk assessment programs, regulatory inventories, compliance and operational risk metrics, and other analytical or policy related projects supporting all business units for Global Banking and Markets (“GBAM”) across the 40 countries in which it does business plus the Enterprise Areas of Coverage managed by GBAM.  In addition to providing implementation support for these areas, this role will assume responsibility for a variety of activities on the team which may include conducting an annual business unit hierarchy review, a regulatory inventory review which includes various mappings such as business units and processes, an annual validation of business activities and compliance teams, and an annual scoping process for the assessment program as determined by the various Policy Implementation Team Leads.  This role will assume one of more of the requirements to coordinate and conduct quality assurance across assessments, prepare management reporting of the assessment results, conduct an ongoing management oversight program of regulatory inventory activity and coordinate with compliance and operational risk teams to ensure regulatory inventories are complete.

Required Skills and Experience:

  • Bachelor's degree or equivalent experience
  • Minimum 5 years business and functional experience
  • Prior experience in related fields such as Risk, Compliance or Audit
  • Advanced proficiency with Microsoft Excel, with strong preference for data mining/manipulation experience
  • Proficiency of Microsoft Word and PowerPoint

Desired skills and Experience:

  • Financial Services or similarly regulated sector with background in Compliance and/or Operational Risk
  • Knowledge and experience with global institutional banking businesses and regulatory environment
  • Experience with risk assessments and/or regulatory inventories
  • Process and/or project management experience

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Compliance and Operational Risk Specialist assists the Compliance and Operational Risk officer team in activities to contribute to the independent compliance and operational risk oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs)).  In this role this candidate will get to work on a global platform.

As a member of a FLU or CF compliance and operational risk officer team, this role applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks by assisting FLU or CF Compliance and Operational Risk teams.  This role will specifically provide implementation and management support for the Policy Implementation Teams responsible for the Compliance and Operational Risk assessment programs, regulatory inventories, compliance and operational risk metrics, and other analytical or policy related projects supporting all business units for Global Banking and Markets (“GBAM”) across the 40 countries in which it does business plus the Enterprise Areas of Coverage managed by GBAM.  In addition to providing implementation support for these areas, this role will assume responsibility for a variety of activities on the team which may include conducting an annual business unit hierarchy review, a regulatory inventory review which includes various mappings such as business units and processes, an annual validation of business activities and compliance teams, and an annual scoping process for the assessment program as determined by the various Policy Implementation Team Leads.  This role will assume one of more of the requirements to coordinate and conduct quality assurance across assessments, prepare management reporting of the assessment results, conduct an ongoing management oversight program of regulatory inventory activity and coordinate with compliance and operational risk teams to ensure regulatory inventories are complete.

Required Skills and Experience:

  • Bachelor's degree or equivalent experience
  • Minimum 5 years business and functional experience
  • Prior experience in related fields such as Risk, Compliance or Audit
  • Advanced proficiency with Microsoft Excel, with strong preference for data mining/manipulation experience
  • Proficiency of Microsoft Word and PowerPoint

Desired skills and Experience:

  • Financial Services or similarly regulated sector with background in Compliance and/or Operational Risk
  • Knowledge and experience with global institutional banking businesses and regulatory environment
  • Experience with risk assessments and/or regulatory inventories
  • Process and/or project management experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21015497

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Aubrey Drake

Referral Bonus:

0