What are the responsibilities and job description for the Compliance Risk Assessment Officer VP position at Madison-Davis, LLC?
A global bank located in Midtown Manhattan looking to bring on board a “Compliance Risk Assessment Officer VP” to join their team. This role is currently in a hybrid schedule (2 days in office).
Responsibilities:
- Provide subject matter expertise and work with CRA team to conduct compliance risk assessments of various U.S. entities
- Lead meetings with business stakeholders to understand their products/services and related risks and controls. If necessary, work with business stakeholders to design action plans to address identified control gaps.
- Assist Head of Risk and Control Assessment and CRA Program Lead in managing the CRA process, including ensuring stakeholders complete required tasks in a timely manner and that CRA team retains all required documentation.
- Assist with the continuous enhancements to the design and methodology of the CRA framework
- Remain informed of regulatory changes and how they impact the CRA framework, including with respect to the completeness of the CRA’s risk scenarios or the level of inherent risk
- Learn how to utilize newly implemented CRA technology solution and provide training to subject matter experts outside the CRA team who are required to use the tool.
- Provide leadership and guidance to CRA stakeholders as to the methodology and interpreting results.
- Present CRA results to senior 1LOD and 2LOD management, including an overview of the level of compliance risk and the strength of relevant controls.
- Develop risk dashboards designed to identifies the regulatory compliance risk profile on an ongoing basis.
- Manage the CRA team’s review and challenge responses to the RCSAs of all RCSA business units
- Manage the implementation and maintenance of Compliance’s RCSA, including semi-annual RCSA risk assessments and documentation of relevant controls.
- Support the integration of the CRA results with the activities of the Compliance Department, including with respect to documenting key controls as well as driving monitoring and testing plans.
Salary : $137,000 - $200,000
