Bank of the West Principal Compliance Officer -Protecting the Interest of Clients (PIC) in City of Industry, California
Principal Compliance Officer -Protecting the Interest of Clients (PIC)
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.
Senior Compliance leader who heads a sub-function within the Corporate Compliance organization of Bank of the West and supports CUSO/IHC Protecting the Interest of Clients (PIC) America’s Program. This Compliance Officer is responsible for overseeing the quality and adequacy of the Bank of the West PIC; CUSO/IHC PIC America’s Program and partnering with business units to promote adherence to Group expectations, laws and regulations throughout the America’s organization. This position requires the ability to provide proactive risk management, be solutions oriented, deliver strategic vision to the Enterprise, and cultivate deep compliance expertise. This role will report directly to the Americas & CUSO/IHC Protection of Interests of Clients (PIC) Domain Leader.
Essential duties and responsibilities include the following. Other duties may be assigned.
Review and maintenance of all policies and procedures necessary to ensure a strong BOW/CIB PIC Americas/CUSO-IHC compliance management program;
Formalize and launch PIC Americas/CUSO-IHC Domain Forum;
Conduct Policy alignment to Global PIC expectations and enhance BOW/CIB PIC Americas/CUSO-IHC policies and programs
Develop and launch PIC Americas/CUSO-IHC Communications Program designed to raise awareness of BNPP PIC Principals
Assure the organization stays abreast of and promptly responds to existing and changing PIC compliance mandates;
Oversees a system to uniformly detect and correct compliance violations, deficiencies, and potential consumer harm;
Monitors, and as necessary, coordinates initiatives to remain abreast of the status of compliance activities across the enterprise including, but not limited to, new products and services;
Identifies potential areas of compliance vulnerability and risk and coordinates mitigation strategies with business unit owners;
Provides reports on a regular basis to the Board and senior management including reports of violations and corrective actions;
Consults with business line leaders to identify risks, best practices and expectations pertaining to PIC principals and US laws and regulations;
Oversees the updating of the PIC risk assessment, including design and execution of launching or updating products and services;
Oversees the development and distribution of PIC training materials for necessary employees and job functions across the Americas & CUSO/IHC
Maintains ongoing awareness of products, programs, operations, systems, and controls for entities across the Americas;
Coordinates with lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable PIC Principals; related laws and regulations;
Ensures periodic PIC reports are prepared and communicated to senior management, and the Board of Directors. At a minimum, these reposts should include significant PIC emerging risks, developments and PIC Key Risk Indicators, monitoring and testing results
7-10 years of demonstrated strong compliance program management experience;
5 years of related financial institution or regulatory experience;
Bachelor’s degree from a four year college (preferred), or equivalent combination of education and experience
Skills and Abilities Required:
Must possess utmost professional qualities including leadership, high energy, results driven, and self-motivation.
Analytical – Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; Designs workflows and procedures.
Problem Solving – Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions.
Project Management – Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget.
Technical Skills - Solid knowledge of Microsoft Word, Excel, and Outlook; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
Interpersonal Skills – Focuses on solving conflict, not blaming; Maintains confidentiality.
Change and Quality Management – Communicates changes effectively; Builds commitment and overcomes resistance; Monitors transition and evaluates results; Demonstrates accuracy and thoroughness.
Strategic Thinking – Develops strategies to achieve organizational goals identifies external threats and opportunities Adapts strategy to changing conditions.
Adaptability – Changes approach or method to best fit the situation.
Communication - Excellent communication skills required, both written and verbal
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-New York-New York, United States-Ohio-Cleveland, United States-California-Los Angeles, United States-Georgia-Atlanta, United States-California-San Francisco, United States-Illinois-Chicago, United States-California-Newport Beach, United States-Arizona-Tempe, United States-Minnesota-Bloomington, United States-California-City of Industry
Requisition ID: 054888