
Regulatory Compliance Specialist
hace 4 días
Job Description
The Regulatory Compliance Specialist will work with business partners to conduct enterprise-wide regulatory risk assessments. The purpose of these assessments is to understand the level of inherent compliance risk exposure associated with our business segments, assess controls, and ensure residual risk remains within tolerance.
Key Responsibilities:
- Prepares and executes enterprise-wide regulatory risk assessments to assure ongoing compliance with Consumer Federal and Local regulations.
- Ability to understand and interpret various laws, regulations, and policies.
- Research regulatory law, recent or proposed changes, guidance, and interpretations as part of the planning process of the assessment.
- Develop walkthrough questionnaires for assessed lines of business to ascertain compliance with regulatory requirements and determine the effectiveness of internal control processes.
- Responsible for conducting information gathering sessions with Business Unit personnel (including management and support staff), performing substantive on-site assessment of risk and controls, summarizing results, preparing written final reports to be presented to management, and documenting all issues raised during the assessments.
- Demonstrates an understanding of business processes, control frameworks, and related regulatory and compliance standards.
- Analyzes data from multiple sources and systematically documenting the work and results.
- Follows assessment schedules to ensure all assessments are completed within established timeframes and documented within systems of record.
- Assess the inherent and residual compliance risks and controls though the established risk and control framework. Analyze and document work results. Work with the business lines to source data required to support RRA inherent risk metrics.
- Identify and confirm potential compliance issues.
- Develop, socialize, and present the risk assessment framework and methodology results to compliance counterparts and business lines. Suggest risk mitigation strategies to business areas and other control functions.
- Update as needed policies and procedures related to the risk assessment process.
- Ensure results of the risk assessment are tracked until remediated in accordance with corporate compliance standards.
- Own, develop and enhance the Risk Assessment Methodology and suite of tools, as needed.
- Provide updates on the risk assessment process as needed.
- Establish and maintain strong relationships with other Compliance Units and Business Areas. Engage with subject matter experts as needed. Support the Compliance Program Office in Internal Audits, exams, and reporting as needed.
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