Compliance Consultant - Wealth and Asset Management

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Job description

Overview:

Provide consultative guidance on compliance risk management activities throughout the enterprise for their assigned area of responsibility. Execute the compliance risk management program.

Primary Responsibilities:

• With limited management guidance, consult with business units on compliance matters.
• Assist with development and implementation of compliance policies and procedures.
• Identify and evaluate controls that are in place that are designed to mitigate risk of non-compliance.
• Ensure business units and/or CRM have appropriate monitoring mechanisms in place to identify compliance risks. Identify gaps where additional monitoring mechanisms may need to be implemented.
• Maintain a general understanding of the laws, rules and regulations with which the business and/or CRM must comply and an awareness of issues of recent regulatory focus.
• Assist in the development and/or delivery of training to support employees in fulfilling their compliance responsibilities.
• Escalate material compliance risks to Compliance Managers, as appropriate.
• Liaison with CRM departments as appropriate in the execution of CRM program components.
• May assist in Risk Assessment to identify compliance risk exposure and help the organization prioritize compliance risks.
• May assess compliance issues presented through new/revised product and service offerings and work closely with lines of business to plan a response.
• Under management guidance, work with business units and/or CRM to design a plan for timely and effective resolution of issues identified through monitoring and testing.

Specific to Posting:

- Responsible banking: Fair lending laws and regulation (federal and state); unfair, deceptive and abuse acts and practices (UDAAP), Home Mortgage Disclosure Act, etc.

- Governance: Issues management, examination management, reporting, risk assessment, quality control and assurance, budgeting, technology solutions, compliance training

- WISD: Wealth and investment laws and regulations

- Core banking: Deposit and lending laws and regulations (B, D, E, H, X, Z, etc.) and regulatory guidance (AMPTA, Subprime guidance, etc.)

- Testing and Project Management: All CRM testing functions as well as enterprise testing support to other departments

- Enterprise: Laws and rules that apply across the enterprise, such as privacy rules, FCRA, TCPA, Reg W, the Volcker Rule, Reg O, etc -

- BSA/AML & OFAC: Laws and rules that apply to BSA/AML/Sanctions program including Customer Due Diligence, suspicious activity, OFAC and regulatory reporting.

Experience and Education Required:

Bachelor's Degree in related field.

5 years' experience in compliance, legal, audit, risk or other relevant function

OR in lieu of degree,

A combined minimum 9 years higher education and/or work experience, including minimum 5 years in compliance, legal, audit, risk or other relevant function

Location

Wilmington, Delaware, United States of America