US Chief Compliance OfficerClosing date for applications: 07/08/2024Stamford,United StatesPermanentFull Time#R-00236989Share: (https://jobs.natwestgroup.com/jobs/14634525-us-chief-compliance-officer/apply?tmsrc=0)Our people work differently depending on their jobs and needs. From hybrid working to flexible hours , we have plenty of options that help our people to thrive.This role is based in the United States and as such all normal working days must be carried out in the United States.Job descriptionThis job description is intended to describe the general requirements for the position. It is not a complete statement of duties, responsibilities or requirements of the role. Other duties not listed here may be assigned as necessary to ensure the proper operations of the department and the business.Purpose:
Lead the regional Compliance & Conduct Advisory teams, implementing the strategy to ensure adherence to compliance, conduct and regulatory requirements and management of compliance and conduct risks.
Accountabilities:
Oversee effective Compliance risk management through oversight of NWM Conduct and Compliance risks in region, adhering to Group/ NWM compliance requirements. This includes identification, assessment and mitigation of relevant risks and regulatory changes, regional input to oversight and challenge of 1LoD RCSAs, documentation and reporting.
Oversee the delivery of Conduct and Compliance advisory in region through provision of policy advice, regional SME input to policy drafting and policy ownership for SME areas, risk appetite advice, regional regulatory advice and support through regional governance forums and responsiveness to ad hoc queries.
Deliver robust end-to-end governance in region through oversight, challenge and provision of expert advice at relevant regional Board(s) and Committees.
Provide compliance and conduct risk subject matter expertise in an investment banking context, sound practices and appropriate guidance to the NWM Chief Compliance Officer and nominated officers, including the first line
Investigate and respond to matters related to compliance, including the ability to design and coordinate internal investigations (e.g., responding to reports of problems, 'hot-line' calls, or suspected violations) and any resulting corrective actions with all departments in region.
Review the output from/ reports on audit and monitoring and testing activities in region
Contribute to any read-across analysis in other NWM regions.
As applicable, oversee the provision of relevant compliance and conduct services (including but not limited to Control Room, Surveillance and Speak Up) from the Ring Fenced Bank (RFB)/3rd parties, ensuring that the needs of the business are met
Participate in the global educational and training programme that focuses on all elements of the compliance programme, and ensures that all appropriate employees and management are knowledgeable of, and comply with, pertinent US federal and state standards.
Ensure Compliance is involved in material correspondence with regional competent authorities where applicable and ensure there is appropriate and timely Compliance MI and Reporting to support key decision makers with established escalation routes and breach protocols.
Represent NWM with regional regulators and external bodies, establishing productive relationships to support the NWM Risk Profile and Conduct and Compliance agenda whilst supporting the NWM Chief Compliance Officer with issue/ breach management.
Conduct and Line of Defence
Comply with Our Code, Purpose, Values, and relevant Policies
Respect relevant regulatory obligations and Conduct Rules
This is a second line job, as described in the Three Lines of Defence Principles, responsible for framework design and oversight and challenge of risk taking in the first line
Promote a culture where risk, including financial crime and fraud, is managed effectively, including prompt identification, escalation and reporting
Knowledge & experience:
In-depth knowledge of Regulatory Compliance and Conduct Risk issues relevant to the region (e.g. business challenges, regulatory and legislative landscape) and the risk management control environment necessary to address various forms of these risks in a global financial services business
Detailed knowledge of investment banking-specific products, regulations/ regulatory expectations and specialist regimes
Proven track record Conduct & Compliance risk management
Robust understanding of financial services industry, global financial markets and products
Robust understanding of risk management principles
Robust understanding of regulatory framework
Display behaviours in line with Our Standards
The expected base annual salary range for this position is $350,000 - $425,000 at the start of employment. This is not a guarantee of compensation. The exact compensation is determined on an individualized basis and may vary based on skills, experience, training licensure, certifications and location. In addition to base salary, our total rewards package also includes eligibility for an annual discretionary bonus; medical, dental, and vision plans; life and disability insurance; employee wellness programs; retirement and savings plans with potential employer contributions; generous paid time off policy, parental leave and tuition reimbursement.It is the policy of NatWest Markets Securities Inc. and its parent, affiliates and/or subsidiaries to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, sex, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws. Equal Opportunity Employer -Disabled/Veteran – review "EEO Is The Law", “EEO is the law- Supplement” & “Pay Transparency Provision” posters here (https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm) .
