Compliance and Operational Risk Executive - Global Commercial Banking

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This job is responsible for leading and executing the second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include leading a compliance and operational risk team and ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively “the Policies”), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and the team is identifying, challenging, escalating, and mitigating risks in a timely manner.

The Global Commercial Banking, Global Compliance and Operational Risk Executive is focused on Compliance and Operational Risk coverage of Global Commercial Banking for business clients from $50M to $2B in revenue including client selection, onboarding and ongoing relationship management activities which includes client facing solutions as well as internal tools and support. The Global Commercial Banking, Global Compliance and Operational Risk Executive will manage the execution of the Compliance and Operational Risk program elements to drive a comprehensive risk-based approach for the proactive identification, management, mitigation and escalation of compliance and operational risks, as well as, representation on change initiatives in Global Compliance and Operational Risk organization.    

Responsibilities

• →Oversees the assessment of risks, associated controls and their effectiveness, while driving compliance with applicable laws, rules, and regulations and adhering to policies
• →Oversees engagement in activities which provide independent compliance and operational risk oversight of Front-Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures
• →Oversees identification and escalation of problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• →Oversees and manages inventory of risks and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
• →Manages the development of independent risk management reporting for respective area(s) of coverage for inputs into management routines which could include country/regional governance
• →Oversees monitoring of the regulatory environment to identify regulatory changes applicable to area(s) of coverage

• →10 years+ experience in Risk Management and/or Commercial Banking and/or Regulatory Compliance

• Financial Services or similarly regulated sector