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EAC Compliance & Operational Risk Specialist

Charlotte, North Carolina;

Job Description:

The Enterprise Area of Coverage (EAC) Compliance & Operational Risk (C&OR) Specialist is an individual contributor member of an EAC C&OR team that is responsible for enterprise-wide oversight of processes, controls, laws, rules, and/or regulations that have enterprise-wide applicability, affecting two or more Front Line Units or Control Functions (“FLU/CF”) (examples include Third Party, Privacy, Reg W). Responsibilities include identifying, escalating and mitigating risks in a timely manner in alignment with the C&OR Management (“CORM”) Program, with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively “the Policies”), and delivering on the other requirements in the Policies.
The EAC C&OR Specialist assists in engaging other C&OR officers, including horizontal coverage owners and EAC, to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The EAC C&OR Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

The Global Control Room function is one that is business critical and the GCR plays a key role in assisting the lines of business in implementing, monitoring, testing and enforcing the Enterprise Information Wall Policy.  This position is part of the Americas Control Room.

Responsibilities of the role include but are not limited to:
• Execution of the Global Compliance Policy and the Compliance Risk Standards as applicable for the Enterprise Information Wall Compliance Program;
• Provide information wall subject matter expertise/advisory support to the lines of business and support partners;
• Review transactions for potential addition to the Watch List and additions to the Restricted List, review of research reports prior to public dissemination of issuers on the Watch or Restricted List, wall crossing of public side employees, maintenance of the firm’s Permanent Insider list, and all other day to day Control Room processes;
• Provide training and awareness to the lines of business and their support partners on information wall topics;
• Contribute to global technology projects by providing system enhancement ideas and changes


Activities this role performs for their area of coverage include, but are not limited to:
• Assists in the development of independent risk management reporting as input into governance and management routines
• Assists with the oversight of FLU/CF training, which may include content development and/or tracking and communication of completion rates
• Assists with the development and maintenance of C&OR-owned policies and standards to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements
• Assists in remediating C&OR “owned” issues and control enhancements
• Executes C&OR Monitoring, Testing, and Assessments; communicates results
• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
• Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
• Supports Scenario Analysis activities to provide a forward-looking estimate of hypothetical operational losses
• Assists with the development of risk metrics, monitors related performance and breach remediation

Required/Desired:

• This position calls for an individual with compliance and/or securities background with at least 5+ years’ experience
• Good understanding of information barrier regulations and industry standards relevant to the functions of a Global Control Room
• Ability to work under pressure, calmly within tight deadlines and escalate appropriately
• Show initiative and react quickly to changes in priorities with the ability to quickly learn new procedures
• Professional approach with a clear and logical thought process and attention to detail
• Demonstrate strong communication skills with the ability and confidence to discuss issues at a senior level
• Strong ability to develop and maintain good relationships within Compliance and the business

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Enterprise Area of Coverage (EAC) Compliance & Operational Risk (C&OR) Specialist is an individual contributor member of an EAC C&OR team that is responsible for enterprise-wide oversight of processes, controls, laws, rules, and/or regulations that have enterprise-wide applicability, affecting two or more Front Line Units or Control Functions (“FLU/CF”) (examples include Third Party, Privacy, Reg W). Responsibilities include identifying, escalating and mitigating risks in a timely manner in alignment with the C&OR Management (“CORM”) Program, with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively “the Policies”), and delivering on the other requirements in the Policies.
The EAC C&OR Specialist assists in engaging other C&OR officers, including horizontal coverage owners and EAC, to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The EAC C&OR Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

The Global Control Room function is one that is business critical and the GCR plays a key role in assisting the lines of business in implementing, monitoring, testing and enforcing the Enterprise Information Wall Policy.  This position is part of the Americas Control Room.

Responsibilities of the role include but are not limited to:
• Execution of the Global Compliance Policy and the Compliance Risk Standards as applicable for the Enterprise Information Wall Compliance Program;
• Provide information wall subject matter expertise/advisory support to the lines of business and support partners;
• Review transactions for potential addition to the Watch List and additions to the Restricted List, review of research reports prior to public dissemination of issuers on the Watch or Restricted List, wall crossing of public side employees, maintenance of the firm’s Permanent Insider list, and all other day to day Control Room processes;
• Provide training and awareness to the lines of business and their support partners on information wall topics;
• Contribute to global technology projects by providing system enhancement ideas and changes


Activities this role performs for their area of coverage include, but are not limited to:
• Assists in the development of independent risk management reporting as input into governance and management routines
• Assists with the oversight of FLU/CF training, which may include content development and/or tracking and communication of completion rates
• Assists with the development and maintenance of C&OR-owned policies and standards to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
• Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements
• Assists in remediating C&OR “owned” issues and control enhancements
• Executes C&OR Monitoring, Testing, and Assessments; communicates results
• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
• Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
• Supports Scenario Analysis activities to provide a forward-looking estimate of hypothetical operational losses
• Assists with the development of risk metrics, monitors related performance and breach remediation

Required/Desired:

• This position calls for an individual with compliance and/or securities background with at least 5+ years’ experience
• Good understanding of information barrier regulations and industry standards relevant to the functions of a Global Control Room
• Ability to work under pressure, calmly within tight deadlines and escalate appropriately
• Show initiative and react quickly to changes in priorities with the ability to quickly learn new procedures
• Professional approach with a clear and logical thought process and attention to detail
• Demonstrate strong communication skills with the ability and confidence to discuss issues at a senior level
• Strong ability to develop and maintain good relationships within Compliance and the business

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21061409

Band: H5

Manages People: Yes

Travel: No

Manager:

Talent Acquisition Contact:

Alexander Watkins

Referral Bonus:

0