What are the responsibilities and job description for the Compliance Officer - Capital Markets position at Texas Regional Bank?
Position Summary
The Compliance Officer is responsible for assisting the CCO with developing, implementing and administering all aspects of the Capital Markets division. Will ensure that the division adheres to the relevant laws, regulatory requirements, policies and procedures. This position plans, organizes, and controls the division’s day-to-day administrative, lending and operational compliance activities and collaborates with the Chief Compliance Officer in the overall administration of these directives for the division.
Principal Duties and Responsibilities
- Regulatory: ensure compliance with all applicable laws and regulations, including but not limited to SEC, FINRA, and other relevant regulatory bodies.
- Risk Management: identify and assess compliance risks and develop strategies to mitigate these risks.
- Maintain and ensure that the policies and procedures of the division comply with appropriate laws and regulations.
- Maintain awareness of all applicable laws and regulations and keeping abreast of recent changes in the law and activities of the division.
- Communicate and provide guidance to the Chief Compliance Officer on compliance and audit issues.
- Ensure that compliance program scope is adequate, testing schedule is followed, findings are communicated, and corrective action is implemented.
- Consistently enforce the control environment through implementation of regular control monitoring and prevent/respond to incidents and gaps in controls.
- Serve as a liaison to all external auditors and regulators for the division.
- Coordinate and support Chief Compliance Officer with all audits and examinations for the division. Ensures that compliance issues are effectively addressed.
- Perform and support Chief Compliance Officer with internal audits as directed by the Risk Management Committee to examine and evaluate the adequacy and effectiveness of the system of management control provided by the division.
- Oversee an Audit Calendar to ensure all audits are done on a timely basis.
- Oversee a Risk Committee Calendar to ensure all Risk Committee Meetings are conducted as per Charter.
- Engage with legal counsel as needed.
- Work collaboratively with various division departments to identify opportunities for technological improvement or enhancement, and advocate for common solutions.
- Continuously seek operational and process efficiencies to improve the employee experience, reduce workload impact and provide consistent or superior results for the betterment of the Bank.
- Complies with federal and state regulations and all established bank policies and procedures.
Other Responsibilities
- Support and promote the vision, mission and core values, organizational structure and policies and procedures.
- Must have excellent analysis, observation and decision-making skills.
- Highly focused, able to rapidly determine key priorities, clearly communicate the priorities and ensure resources are properly aligned.
- Excellent interpersonal and communication skills are necessary for maintaining effective relationships with Board members, officers, employees, and members of the business and civic community.
- Individual should be able to work under high pressure situations and a stressful atmosphere and then should remain composed.
- Provides a strong, compassionate and visible leadership, which fosters positive attitudes and trust among employees, customers, and prospects.
- Other duties as assigned.
Education and Experience Requirements
- Bachelor’s degree in finance, law, business administration, or a related field
- Minimum 5 year's experience in compliance, with a least 5 years in a in a broker-dealer or municipal advisor environment.
- Series 7, 24, 53 required or the ability to obtain within 6 months of hire
- Technical knowledge and ability to apply compliance regulatory requirements
- Strong problem solving and analytical abilities.
- Ability to work with all levels of management.
- Good organizational skills and strong judgment.
- Strong writing, word processing and spreadsheet analysis skills.
- Excellent interpersonal, oral and written communication skills.
- Demonstrated leadership abilities.
- Must be physically present in the firm to perform job duties.
- Texas Regional Bank is an Equal Opportunity Employer.
