Job Description
Job Summary
Under limited supervision, uses extensive knowledge and skills obtained through education, experience and/or certification in banking industry regulatory compliance to ensure first line compliance with banking rules and regulations within Corporate Banking. Manages Corporate Banking compliance functions/programs to ensure compliance processes and procedures are integrated and aligned with business processes and procedures. Responsible for leading compliance reviews and any audits/exams on behalf of Corporate Banking. Leads development and implementation of compliance initiatives. Acts as Corporate Banking subject matter expert regarding compliance and regulatory risk. Works with internal and external business partners to ensure regulatory compliance within the Bank's Corporate Banking division. Influences strategic direction and develops tactical plans with substantial latitude for independent actions or decisions. Provides comprehensive solutions to complex problems or needs. Maintains extensive contact with internal and external partners to implement solutions and identify, research, and resolve problems. Works closely with senior leaders.
Essential Duties and Responsibilities
Performs human resource management activities including identifying performance problems, approving recommendations for remedial action, evaluating performance, and interviewing and selecting staff.
Plans, assigns, monitors, reviews, evaluates and leads the work of others.
All duties and responsibilities are from a first line perspective.
Develops and maintains compliance related existing processes and procedures (e.g. Sales Practices, Reg W, Reg U, Fair Lending, Reg B, mortgage regulations, etc.).
Leads through compliance updates/changes including assisting with new process and procedures.
Ensures Corporate Banking and 3rd party servicers have processes and procedures in accordance with regulatory requirements and that they maintain compliance with their defined processes and procedures.
Ensures risks, control points and quality assurance are properly addressed within process and procedures.
Interface with RJB Compliance, RJ Compliance, and RJ Supervision to guide Corporate Banking in adherence to compliance and regulatory risk.
Responsible for test schedule, test plan and testing of compliance related policy and procedures.
Responsible for any loan origination system related testing impacting Corporate Banking with a compliance impact (i.e. calculations, language, etc.).
Acts as lead for loan reviews, exams and/or audits.
Gathers information from all Corporate Banking groups for audits/exams (internal audit, regulators and auditors).
Conducts due diligence to respond to regulatory inquiries, exam requests, internal audit, and compliance requests.
Leads responses to auditors/regulators.
Manages corrective actions required to address regulatory identified matters.
Reviews notices, compliance related regulatory reports and forms for adherance with rules and regulations.
Coordinates Corporate Banking staff compliance training to ensure appropriate training based upon role.
On point to opine/provide guidance on all compliance and regulatory matters for all functions including disclosures, processing, underwriting and closing.
Ability to identify process gaps and risk exposures within Corporate Banking projects, strategies and operational processes.
Provides support and guidance for all compliance efforts related to Corporate Banking.
Coaches and mentors subordinates, identifies training needs and recommends appropriate development programs.
Performs other duties and responsibilities as assigned.
Knowledge of
Advanced knowledge of concepts, practices and procedures of banking compliance.
Strong understanding of the principles of banking and finance and securities industry operations.
Advanced knowledge of financial markets and products.
Management of internal and external regulatory exams and audits.
Skill in
Managing compliance programs.
Integrating and aligning compliance processes and procedures with business processes.
Providing support and guidance for compliance and regulatory efforts.
Identifying and implementing controls and quality assurance processes.
Reviewing materials for compliance with rules and regulations.
Researching compliance/regulatory issues.
Gathering information and preparing oral and written reports.
Conducting oral presentations.
Investigating compliance/regulatory irregularities.
Making rule-based and analytical decisions.
Operating standard office equipment and using required software applications.
Ability to
Attend to detail while maintaining a big picture orientation.
Gather information, identify linkages and trends and apply findings to assignments.
Interpret and apply banking regulations and identify and recommend compliance 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.
Work independently as well as collaboratively within a team environment to accomplish work.
Keep abreast of banking industry rules and regulations and best practices in compliance.
Resolve complex problems/issues, independently analyze information, and make recommendations based on analysis.
Read, analyze, interpret and apply information from regulations, policies, financial reports, and legal documents in order to identify and recommend changes.
Partner with other functional areas to accomplish objectives.
Establish and maintain effective working relationships at all levels of the organization.
Incite enthusiasm and influence, motivate and persuade other to achieve desired outcomes without organizational authority.
Communicate effectively, both orally and in writing, with all organizational levels.
**SIE not required
Education**
Bachelor's: Accounting, Bachelor's: Actuarial Science, Bachelor's: Applied Mathematics
Work Experience
General Experience - 6 to 10 years
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Travel
Less than 25%
Workstyle
Hybrid
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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