Head of Compliance Testing

Job Description

The Head of Testing [ Compliance Controls (“CC”)] will be responsible for managing the compliance testing function for the CIB Americas platform. This role includes, but is not limited to, ensuring that annual testing plans are sufficiently planned and executed in accordance with applicable requirements, including reviews of FIU / AML, Central Compliance functions, as well as reviews of business lines and related front-to-back processes and controls. The Head of CC will develop the annual control plans based on the results of applicable risk assessments and seek approval for each year’s plan with the Chief Compliance Officer for the Americas.

The Head of CC will oversee the planning and execution of each controls test, assuring that reviews are sufficiently scoped, testing is performed, and any issues / corrective measures are properly captured in review reports. The individual will also be responsible for ensuring all underlying workpapers and final reports are prepared, as well as making presentations of testing results to senior management in the Americas and Head Office.

• Ensure that annual controls testing plans are adequately designed, based on risk assessment results, and executed in accordance with firm requirements and methodologies.
• Oversee the efforts of the CC team to ensure that each review is sufficiently executed (i.e., that comprehensive testing is performed and that workpapers and final reports are prepared).
• Prepare statistics and management reports for senior management and applicable committees, highlighting the progress of plan completion, overdue corrective measures, and any challenges impeding progress and completion.
• Ensure that corrective measures raised by the CC team are sufficiently tracked and resolved, reviewing evidence of closure provided by action owners and stakeholders.
• Look for ways to enhance the CC function, improve efficiencies, and ensure that applicable risks that may arise are being captured in the annual plan.
• Coordinate with Compliance Advisory and AML teams to perform the General Compliance Risk Assessment, the Risk Assessments for AML, Sanctions, Anti-Bribery and Corruption, and any other Risk Assessments rolled out by Head Office.
• Maintain risk inventories, taxonomies, and any other program elements supporting risk identification and assessment, in collaboration with Head Office and the Compliance MIS reporting team.
• Work with Compliance Advisory to provide effective challenge on risk assessment results, driving aggregation and analysis of data.
• Prepare final risk assessment reports and related communications for Compliance and other senior management.
• Track timely completion of action items stemming from Risk Assessment for the platform and escalate to senior management as appropriate.
• Continually improve and streamline current practices and methodologies, calibrating for consistency between risk assessments, regions, and business lines. Coordinate with Head Office and other Natixis regions on global and local issues impacting the risk assessments to ensure that US views and needs are represented.
• Update and enhance Risk Assessment policies and procedures as methodologies and practices evolve and change.
• Leverage emerging technologies and tools to improve frameworks and work with Technology to improve data integrity, streamline, and automate processes as feasible.
• Develop business requirements for tools / systems to enhance the efficiency of data gathering and collation processes.
• Manage the CC team by overseeing work products, helping course-correct as needed to ensure the quality of these outputs before presentation to management and stakeholders.
• Work with individual members of the team on goals and performance objectives, looking for ways to leverage professional strengths and interests.
• Conduct mid-year and year-end performance reviews and provide insights to the CCO.

The salary range for this position will be between $, - $,. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.

Required Skills / Qualifications / Experience

Knowledge of Broker-Dealer, Swap Dealer, and foreign bank branch regulatory regimes