Essential Duties and Responsibilities
Executes (PIAs) on changes to business applications, systems, or products that involve the processing of personal information.
Processes requests to exercise data subject rights for accessing, correcting, deleting, or restricting use of an individual’s personal information.
Maintains industry knowledge of global privacy laws, company guidelines and policies, and industry best practices.
Coaches and mentors less experienced Compliance associates.
Directs adjustments to existing programs, policies and procedures, as required.
Ensures that compliance activities are commensurate with the level of risk being mitigated.
Provides escalated support and guidance to compliance efforts in assigned business entity.
Informs appropriate Senior Management about issues that may involve rule violations or potential liability.
Assists Management to implement adequate controls and quality assurance processes to detect and address potential compliance problems.
Researches compliance issues.
Alerts Senior Management of current regulatory issues.
Researches, interprets, and translates regulatory rules and regulations for Senior Management.
Advises Senior Compliance Management on issues that involve possible rule violations and potential liability.
Addresses sensitive compliance issues with Management.
Participates in corporate policy discussions related to compliance.
Reviews documentation related to compliance issues for validity and alignment with organizational policies.
Prepares and delivers written and oral presentations to senior management.
May coordinate and/or oversee responses to regulatory agency inquiries.
Reports compliance program status and activities to compliance and business management personnel.
Manages relevant external examinations, ensuring that requested information and reports are provided.
Prepares and delivers written and oral presentations to Management.
Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities
Knowledge of:
Data privacy laws and regulations.
Concepts, practices, and procedures of securities industry and/or banking compliance reviews.
Rules and regulations of the Securities Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); and state securities regulatory agencies; and/or Federal Deposit Insurance Corporation (FDIC); Office of the Comptroller of the Currency (OCC); Federal Financial Institutions Examination Council (FFIEC); Office of Thrift Supervision (OTS); Federal Reserve System; and state banking regulatory agencies.
Fundamental investment concepts, practices and procedures used in the securities industry.
Principles of banking and finance and securities industry operations.
Financial markets and products.
Privacy/GRC tools such as OneTrust and IBM Open Pages recommended.
Skill in:
Overseeing compliance programs.
Integrating and aligning compliance processes and procedures with business processes.
Coordinating complex compliance activities.
Providing support and guidance for compliance efforts.
Identifying and implementing controls and quality assurance processes.
Reviewing materials for compliance with rules and regulations.
Researching compliance issues.
Developing compliance training programs.
Gathering information and preparing oral and written reports.
Preparing and delivers written and oral presentations.
Investigating relevant irregularities.
Making rule-based and analytical decisions.
Operating standard office equipment and using required software applications.
Ability to:
Partner with other functional areas to accomplish objectives.
Facilitate meetings, ensuring that all viewpoints, ideas, and problems are addressed.
Attend to detail while maintaining a big picture orientation.
Gather information, identify linkages and trends, and apply findings to assignments.
Interpret and apply securities and/or banking regulations and identify and recommends policy and procedural changes as appropriate.
Work under pressure on multiple tasks concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Use appropriate interpersonal styles and communicate effectively, both orally and writing, with all organizational levels.
Work independently as well as collaboratively within a team environment.
Provide a high level of customer service.
Establish and maintain effective working relationships at all levels of the organization.
Maintain confidentiality.
Maintain currency in securities and/or banking industry rules and regulations and best practices in compliance.
Educational/Previous Experience Requirements
- Bachelor’s degree (B.A. /B.S.) and a minimum of three (3) years of experience in Compliance and/or the financial services industry preferred.
~or~
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
None Required.
CIPP/US or equivalent data privacy subject matter certification preferred
Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.