Bank of the West Investments and Capital Markets Compliance Advisory – Senior Lead Compliance Officer - (Regulatory Readiness Compliance Officer) in Chicago, Illinois
Investments and Capital Markets Compliance Advisory – Senior Lead Compliance Officer - (Regulatory Readiness Compliance Officer)
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
Responsible for managing the execution and coordination of the compliance advisory sub function to influence Enterprise business line compliance with policies, laws, regulations, regulatory guidance, and self-regulatory organization rules that apply to the sub function. The Senior Compliance Officer position will provide compliance support, in conjunction with Compliance policy owners, to maintain a status of regulatory readiness.
Oversees compliance advisory of and assistance with assigned sub function laws and regulation to Enterprise Business Units to align with the Bank’s Compliance program.
Has extensive knowledge and deep regulatory experience across a broad range regulators (SEC, FDIC, FINRA, CFTC, MSRB, and Insurance) and audit readiness activities in order to minimize findings and negative outcomes, including MRBAs and costly civil money penalties.
Provides regulatory expertise and oversight to sustain regulatory oversight at a level that effectively identifies and mitigates risk to the Bank.
Experience in Compliance Risk Assessments and liaising with Controls & Governance and other 1LOD functions in assessing compliance risk
Advises on and assists with the regulatory application for existing and new products, addresses compliance requirements under the Compliance program framework, and advises 1st LOD on the appropriate controls.
Collaborates with Enterprise Business Line management affected by alterations in business practices to ensure understanding and implementation of new compliance policies and procedures.
Collaborates with Enterprise Business Lines and Designated Compliance Owners to identify issues and monitor corrective action remediation.
Assists with or owns periodic 2nd LOD oversight to determine effectiveness of Enterprise Business Unit 1st LOD controls.
Prepares status reports and updates for Compliance Management. Ensures reporting is prepared and submitted timely, in coordination with other Compliance Operations Groups.
Performs other duties as assigned.
- Bachelor's Degree Business Administration or related field. Advanced Degree desired but not required.
Work Experience (Required)
5-10 yrs Compliance/Audit/Risk Management experience
Demonstrated compliance oversight knowledge for broker dealer, registered investment advisory , insurance and the many products governed by these regulators and applicable state laws (capital markets knowledge a plus).
Proficiency with MS Excel
Additional experience :
Series 7 and/or 63 desired but not required to apply
MS Office and SharePoint proficiency desired.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States-California-San Ramon
Other Locations: United States-Nebraska-Omaha, United States-Texas-Dallas, United States-Washington-Seattle, United States-California-Los Angeles, United States-Georgia-Atlanta, United States-California-San Francisco, United States-Illinois-Chicago, United States-New York-New York, United States-Arizona-Tempe, United States-California-City of Industry
Requisition ID: 057070