What are the responsibilities and job description for the VP Compliance Testing and Monitoring Officer position at Crédit Agricole CIB?
Summary :
Under supervision of the Head of Compliance Testing and Monitoring, as part of the Credit Agricole CIB Americas compliance function, responsible for executing testing reviews and monitoring activities and contributing to the continuous enhancements to the bank’s Compliance Testing and Monitoring program.
Key Responsibilities :
General
Plan and execute assigned compliance testing reviews of the various Banking business units / processes within the Organization, as part of the Annual Compliance Testing Plan.
Document testing work papers with sufficient details in accordance with the standards set out in the internal policy / procedures and that a third-party can reasonably understand the testing performed and the conclusion of the testing
Identify issues through testing and ensure thoroughly analysing the root causes and developing appropriate action plans to address the issues and root causes
Present review findings, confirm factual accuracy, and propose recommendations to relevant Department Management
Draft the testing review reports to document and formally communicate testing results to stakeholders which may include the Chief Compliance Officer, the Executive Committee and Senior Management
Track and monitor issues identified from the assigned compliance testing reviews to ensure the action plans are completed by action owns by the due date
Perform validation of action closure and prepare the action plan validation memo for Testing Unit Manager’s review and approval
Carry out and document compliance monitoring activities, as planned / scheduled in the Annual Compliance Monitoring Plan.
Other
Provide regular status updates on assignments and escalate any potential delays / issues to the Head of Compliance Testing and Monitoring
Contribute to the development of the Annual Testing Plan, Annual Monitoring Plan, and regular updates to the team’s procedures
Contribute to address requests / questions from Regulatory Exams and Internal Audit reviews covering Compliance Testing and Monitoring
Other tasks that may be assigned by the Head of Compliance Testing and Monitoring
Management and Reporting :
The position reports directly to CACIB US Head of Compliance Testing and Monitoring.
Key Internal Contacts :
Within the Compliance Division : CACIB US Compliance management and team leads
Outside the Compliance Division, regular interactions with Business Lines and Support Functions (Legal, Finance, Audit.) and ad-hoc interactions with CUSO and Group stakeholders
SPECIAL ROLE REQUIREMENTS :
At least 7 years' experience in the financial services industry with a focus on compliance
5 years Audit or Compliance Testing experience required, with a focus on capital market
Good knowledge of risks and controls, including analyzing risks, identifying and documenting controls, and assessing control design and operating effectiveness
Strong knowledge of areas such as capital markets, debt capital markets, investment banking, and corporate banking coverage as well as broker-dealer / swap dealer regulatory framework such as SEC, FINRA, NFA, CFTC r
General knowledge of one or more of other banking products / services and regulations preferred :
Banking regulations
Business Conducts (Anti-Bribery & Corruption, Whistleblowing, Conflicts of Interest, Conduct Risks, Fraud risks etc.)
Financial Crime (AML, Sanctions / OFAC)
Other regulations (privacy, tax compliance, cybersecurity etc.)
Ability to manage multiple projects using technology and analytic techniques (advanced in excel) to work effectively and efficiently in a fast-paced environment.
Strong attention to details and analytical skills
Ability to work with minimum supervisions and prioritize multiple tasks to focus on meeting the expected timelines
Good communication skills to be able to present clearly and concisely to all levels of stakeholders
Ability to engage with stakeholders and build rapport and partnership with stakeholders
Project management experience preferred
Professional designations in the auditing field (e.g., CPA, CIA, CISA) preferred
Qualifications / Education Required :
College Degree
Experience Required :
At least 7 years' experience in the financial services industry with a focus on compliance
5-year Audit or Compliance Testing experience required, with a focus on capital market
Experience working in capital market regulators preferred
Specialist Training Required :
Professional designations in the auditing field (e.g., CPA, CIA, CISA) preferred
Competencies Required :
Ability to manage multiple projects using technology and analytic techniques (advanced in excel) to work effectively and efficiently in a fast-paced environment.
Strong attention to details and analytical skills
Ability to work with minimum supervisions and prioritize multiple tasks to focus on meeting the expected timelines
Good communication skills to be able to present clearly and concisely to all levels of stakeholders and ability to build rapport and partnership with stakeholders
Skills & Knowledge Requirements :
Good knowledge of risks and controls, including analyzing risks, identifying and documenting controls, and assessing control design and operating effectiveness
Strong knowledge of areas such as capital markets, debt capital markets, investment banking, and corporate banking coverage as well as broker-dealer / swap dealer regulatory framework such as SEC, FINRA, NFA, CFTC rules
General knowledge of one or more of other banking products / services and regulations preferred :
FRB / NYS DFS regulations
Business Conducts (Anti-Bribery & Corruption, Whistleblowing, Conflicts of Interest, Conduct Risks, Fraud risks etc.)
Financial Crime (AML, Sanctions / OFAC)
Other regulations (privacy, tax compliance, cybersecurity etc.)
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