Our client, a global bank is seeking their SVP of Regulatory Affairs. The incumbent will oversee all policies and procedures, regulatory communication and regulatory tracking.
S/he will communicate with regulators regarding ongoing regulatory issues, collect relevant information for different teams and projects as well as writing regulatory reports.
Main responsibilities will include regulatory remediation oversight, communication with regulators and executive management as well as policy and procedure oversight.
The team lead will oversee regulatory remediation, from daily operations, to providing recommendations and identifying potential issues.
S/he will act as a bridge between the regulators and the bank and report to management with the most up to date information.
S/he must ensure effective, efficient and accurate communication between all bodies.
They are looking for someone with at least 6-9years of experience with in-depth knowledge of banking regulatory requirements, compliance practice and compliance risk management.
Comprehensive knowledge of BSA/AML and OFAC related regulations are required.
CAMs preferred. As per the hiring manager, the top 3 requirements are:
1) Solid knowledge & experience of BSA/AML and OFAC compliance a must,
2) Federal/state government banking agencies (OCC, Fed, FDIC, etc.) working experience a big plus,
3) Big four working experience with exposure to regulatory remediation efforts project a big plus.