Compliance Examinations, Testing, and Risk Reviews

The Compliance Risk Review team of an investment bank is primarily responsible for evaluating home and branch office compliance with Firm policies and procedures in accordance with NYSE Rules 342 and 343 and NASD Rules 3010(c) and 3012. 

The team tests the supervisory, administrative and operational controls associated with policies and procedures and independently assesses and reports on areas of potential reputational or regulatory risks. 

The team conducts desk reviews, branch reviews and function reviews. 

Main Function 

Plan for and manage the execution of compliance monitoring reviews according to the established review schedule. 

Position Responsibilities: 

- Performing risk assessments to prioritize areas for review 
- Planning Review staffing, budgeting, scoping and testing approach 
- Providing supervisory oversight and direction to junior team members 
- Leading on-site compliance reviews to include the following aspects:
- Validating compliance against established policies and procedures and applicable regulations. 
- Developing recommendations for corrective action based on review findings. 
- Working with business compliance officers and management to agree on appropriate action plans. 
- Developing presentation and reporting to department management on review results. 
- Following-up on action plans to verify that corrective action has been effectively implemented. 
• Meeting standards for delivering high quality value added compliance risk reviews 
• Providing guidance on compliance issues related to sales practice and supervision 
• Anticipating and providing solutions to complex issues 
• Maintaining a broad knowledge of the Firm’s business and regulatory framework in which it operates 
• Developing relationships with business compliance officers and management to keep abreast of current business developments and regulatory issues that may impact the risk environment of the Firm 
• Enhancing CRR results through group planning, feedback, and development efforts 
• Responding to various requests from regulators and internal audit 

Please send resumes to Jack Kelly - JKelly at ComplianceSearch.com