Principal Compliance Specialist

Description:

The Principal Compliance Specialist Role will be responsible for compliance advisory activities specific to applicable regulatory requirements impacting the respective business line or corporate function. This includes identification and advising on compliance risks and mitigants in the context of issues management and remediation; regulatory change management; business change management for products, services and systems; policies and procedures; monitoring and testing reviews; process and control assessments; and third- party oversight and training. The Principal Compliance Advisory will facilitate compliance with established Compliance Management System (CMS) governance and programs. In addition to these core advisory functions, the Principal Compliance Advisory will also have periodic involvement in regulatory exams, including drafting and reviewing exam responses. Actively manages and escalates risk and customer-impacting issues within the day-to-day role of management.

How You'll Do It

• Support the development and implementation of payment services risk rating and transaction monitoring models, including international monitoring and reporting requirements
• Collaborate with various teams to implement, and drive forward, Financial Crime program changes.
• Advise the 1st Line of Business on Financial Crime related topics.
• Research and understands regulatory compliance requirements to evaluate
• whether business policies, procedures, training, systems, processes, and controls comply with applicable laws and regulations; and to articulate those risks to stakeholders.
• Engages with business and risk partners to develop compliant solutions to mitigate and remediate consumer compliance risks; escalates risk appropriately.
• Executes compliance advisory functions within CMS programs.
• Support various risk assessments across the enterprise.
• Creates and updates status reports of program initiatives, activities, and
• compliance risks to management and committees.

Qualifications You'll Need

Minimum Requirements

• Bachelors Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, or Finance
• 6+ years Compliance, law, risk management experience, or related
• In Lieu of Education Experience 10+ years Compliance, law, risk management experience, or related