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Compliance Monitoring Officer


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
  

Reference

2022-73713  

Update date

10/11/2022

Job description

Business type

Types of Jobs - Compliance / Financial Security

Job title

Compliance Monitoring Officer

Contract type

Permanent Contract

Job summary

Summary

Under the supervision of the Testing Unit Manager, as part of the Credit Agricole CIB Americas compliance function, responsible for developing and executing the risk-based Compliance Monitoring Program at CACIB US.

Key Responsibilities

Development and Maintenance of the Compliance Monitoring Program

·Develop and regularly update a risk-based Compliance Monitoring Program (including policies and procedures) that are tailored to the business activities and risk profiles of CACIB US and address regulatory guidance and expectations.

·Develop and regularly update the compliance monitoring templates that are used to perform compliance monitoring activities and produce regular reporting to senior management.

·Develop a roadmap to implement the Compliance Monitoring program.

·Coordinate with CUSO Compliance to ensure aligning with the CUSO Compliance Monitoring Framework.

·Manage relationships with key stakeholders (Business Lines, Support Functions, CUSO etc.).

Execution of Compliance Monitoring Activities

·Develop an Annual Compliance Monitoring Plan and oversee the execution of the plan.

·Provide regular status updates on the compliance monitoring activities to the Testing Unit Manager and senior management.

·For assigned compliance monitoring review,

·Independently plan and execute the review with support from less-experience team members depending on the size/scope of review and availability of resources.

·Document work papers with enough details in accordance with the standards set out in relevant policies/procedures and that a third-party can reasonably understand the review works performed and the conclusions of the reviews.

·Retain supporting evidence in accordance with the standards set out in relevant policies/procedures.

·Present findings, confirm factual accuracy, and propose recommendations to relevant Department Management.

·Draft the monitoring review reports to document and formally communicate the results to stakeholders including the Chief Compliance Officer, the Executive Committee and Senior Management.

·Identify control issues through ongoing monitoring activities and ensure thoroughly analysing the root causes and developing appropriate action plans to address the issues and root causes.

·Track and monitor issues identified from the assigned reviews and ongoing monitoring activities to ensure the action plans are completed by action owns by the due date.

·Perform validation of action closure and prepare the action plan validation memo for Testing Unit Manager’s review and approval.

Other

·Provide regular status updates on assignments and timely escalate any potential delays / issues to the Testing Unit Manager.

·Provide assistance to the Testing Unit Manager on other initiatives, when requested.

·Participate to Regulatory Exam and Internal Audit Exam data requirements related to Compliance Monitoring.

 

Salary range: $120,000 - $170,000

Position location

Geographical area

America, United States Of America

City

NEW YORK

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

College Degree

Experience

Management and Reporting

The position reports directly to the CACIB US Compliance Testing Supervisor. 

Key Internal Contacts

Within the Compliance Division: CACIB US Compliance management and team leads.

Outside the Compliance Division: Regular interaction with Business Lines and Support Functions (Legal, Finance, Risk, Audit etc.) and ad-hoc interactions with CUSO and Group stakeholders, when requested.

 

Essential

·7 to 10 years experience relating to compliance, audit, control testing, and/or risk management required

·3 to 5 years Audit (compliance focused) or Compliance Testing experience required

·Experience of managing audit / testing review projects

·Experience of building and implementing a compliance monitoring framework or similar framework

 

Desirable

·Experience of working in an international financial institution is a plus

·Regulatory experience is a plus

• Professional designations (such as CPA, CIA, CISA, CAMS, securities licenses etc.) is a plus

Required skills

Essential

·Strong attention to details and analytical skills

·Ability to manage assigned reviews independently

·Ability to work independently as well as work in a team environment

·Ability to prioritize and work in a dynamic and deadline-focused environment

·Ability to adapt to constant changes and demonstrate positive work attitude

·Ability to communicate well across all levels of an organization including present with senior management

·General knowledge of the capital markets, investment banking, and corporate financing activities and products

·General knowledge of one or more of the following categories of regulations or subject matters:

·Banking regulations (e.g., Reg W, Reg D, Reg GG, etc.)

·Broker-Dealer regulations (e.g., FINRA rules, SEC rules etc.)

·Business Conducts (e.g., Anti-Bribery & Corruption, Whistleblowing, Conflicts of Interest, Conduct Risks, Fraud risks etc.)

·Financial Crime (AML, Sanctions/OFAC, Know Your Customer)

·Other regulations (e.g., privacy, tax compliance, cybersecurity etc.)

 

Desirable

·Management and leadership skills

·Subject Matter Expert of one of the categories of regulations/subject matters listed in the left column.

• French is a plus