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Compliance Officer - Practices

Req #: 180035060
Location: Mumbai, MH, IN
Job Category: Compliance
Potential Referral Amount: 35000 Indian Rupee (INR)
General level of responsibility
Broad responsibility of the individual(s) will include constant coordination with diverse set of stakeholders globally to ensure relevant timelines and requirements for various compliance practices are well understood and to support compliance stakeholders & SMEs within GSCs, Technology Compliance and the firm wide compliance horizontal program to ensure timely completion of all deliverables along with maintaining relevant artifacts.
Given below are the responsibilities for various compliance practices:
  • Compliance Risk Assessment: Support Compliance Risk Assessment (CRA) process including
    • Facilitating Risk Applicability sessions
    • Entering applicable risks in CRA tool
    • Facilitating Inherent Risk sessions, and enter rating and justification in CRA tool
    • Conducting risk calibration sessions with SMEs regarding any YoY changes in risks
    • Managing horizontal calibration questions, and conducting sessions as needed
    • Providing input on development of LOB specific Compliance Control Effectiveness rankings
    • Conduct Residual Risk calibration discussions with SMEs, SMEs and Controls, and/or SMEs and horizontals as required
    • Provide input to CCB Practices on new risk taxonomy, proposed system changes, proposed process improvements
  • Monitoring & Testing:
    • Conducting monitoring activity identification sessions with SMEs and Controls to identify options for addressing the risks
    • Conducting sessions with SMEs to develop monitoring and testing plan and enter plan into firm wide tool
    • Coordinate SME monitoring activities to meet deadlines and enter results into the tool
  • Training:
    • Identifying  High and Very High residual risk ratings from CRA
    • Identifying  Compliance owned training that ties to those ratings
    • Providing training request to training team
    • Communicating training delinquencies to Leadership
  • Annual Compliance Plan:
    • Support in the development or updating of Annual Compliance Plan based on CRA, Monitoring & Testing Plan, and Training plan
    • Obtain relevant approvals for the same. 
  • Risk & Controls Self Assessment (RCSA) Testing:
    • Provide input to development of GSC and IAS components of the new RCSA as it is entered in to the firm wide tool
    • Identify the artifacts needed to complete the RCSA testing
    • Gather artifacts throughout the testing season
    • Conduct calibration and review to determine improvements for the next RCSA planning process
  • Issue Management:
    • Coordinate Issue Management identification process
    • Attend or facilitate Issue Management meetings with SMEs and controls
    • Track Action Plans and deliverables and escalate to SMEs as needed
  • Governance & Oversight:
    • Coordinate deliverables on all processes per communicated timelines
    • Coordinate SME review of Policies and Procedures
    • Support audit and exam requirements as well as legal obligation mapping activities
  • Minimum Bachelor’s degree and comparable work experience required
  • 6-8+ years of experience in financial services preferably with some experience in Risk, Compliance, QA or controls
  • Strong analytical and investigative skills
  • Demonstrated excellent interpersonal, communication and stakeholder management skills
  • Very strong skills with M.S office applications, specifically MS Excel and PowerPoint. Understanding of advanced tools including VBA & Python will be added advantage
  • Extremely detail oriented with proven ability to document findings and coordinates multiple deliverables with diverse range of stakeholders.
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