What are the responsibilities and job description for the Vice President, Compliance Monitoring & Testing position at Madison-Davis, LLC?
Global bank located in Jersey City, NJ looking to bring on board a “Vice President, Compliance Monitoring & Testing” to join their team. This role is currently on a hybrid schedule 1 day in office per week.
Responsibilities:
- Manages monitoring and testing activities for M&T Program
- Serves as the examiner-in-charge responsible for all facets of compliance monitoring and testing engagements
- Assists in the development and refinement of monitoring and testing scripts
- Prepares information requests, announcement memoranda and Kick-Off Memos to start Compliance Reviews
- Performs assigned field work to validate the efficacy of internal controls and direct oversight of assigned staff and their assignments.
- Ensures that cohesive work papers are prepared for each engagement in accordance with department standards.
- Identifies underlying issues and escalation / validation thereof with internal clients
- Drafts exceptions, manages factual accuracy confirmation with stakeholders and oversees the issuance of the final report to management
- Assists in the input, tracking, and validation of identified issues and corrective action plans to validate remediation efforts
- Stays abreast of changing regulatory requirements and business model to maintain a solid foundation of the applicable regulatory framework
- Assists in the consolidation and reporting of results within local and Head Office reporting
Salary : $144,000 - $180,000
