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Job Summary:
Partners and collaborates with first line of defense business units to ensure compliance risk management programs are effective. Ensures all testing, reviews, documentation, and reports are in compliance with regulatory and firm guidelines, policies, and procedures. Monitors and tracks findings and ensures corrective action is implemented. May assists with maintenance of the control framework and risk assessment activities.
Job Duties and Responsibilities:
Partners and collaborates with first line of defense business units to ensure compliance risk management programs are effective. Ensures all testing, reviews, documentation, and reports are in compliance with regulatory and firm guidelines, policies, and procedures. Monitors and tracks findings and ensures corrective action is implemented. May assists with maintenance of the control framework and risk assessment activities.
Job Duties and Responsibilities:
- Partners with first line of defense business unit management to identify, analyze, and monitor areas of emerging risk. Educates first line of defense business unit management on risks and controls. Schedules monthly meetings to ensure continuous communication of risk trends, issues, self-testing processes and changes, as well as identified gaps.
- Ensures all regulations, risks, and supported products applicable to the first line of defense are identified so that testing priorities can be evaluated and established.
- Collaborates with the first line of defense business unit partners in the execution of risk and control self-assessments. Ensures self-testing procedures, workpapers, and/or supporting documentation are effective.
- Assists with the development and documentation of detailed testing scripts covering regulatory requirements used for periodic self-testing.
- Develops recommendations for corrective action based on validation of review findings, self-identified issues escalated by the first line of defense, as well as gaps in controls or self-testing.
- Works with first line of defense business units to refine recommendations. Tracks issues to completion and ensures corrective action has been implemented within specified timeframes. Analyzes trends in risk categories and researches changes in risk metrics for reporting.
- Reviews a wide variety of policies, procedures and processes to identify deficiencies and gaps and to ensure compliance with federal regulations and internal standards.
- Recommends new or revised policies and procedures, approval processes, and monitoring methods for departmental use.
- Maintains up-to-date knowledge of consumer regulatory compliance regulations.
- Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Firm authority in a timely fashion.
- Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Pinnacle is an Equal Opportunity Employer committed to fostering an inclusive work environment.
Qualifications
Minimum Education: Bachelor's degree in related field or an equivalent combination of education and experience.
Minimum Experience: Three years of job related experience.
Required Knowledge, Skills & Abilities:
- Stand or Walk Regularly;
- Talk and Hear Regularly;
- Sit Regularly;
- Ability to see objects up close or at a distance, use peripheral vision, identify basic colors;
- Use of Hands/ability to reach Weight/Force Exertion Not Required;
- Travel required less than 10%
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