Sr Compliance Assurance Associate in Providence, Rhode Island For Sale

ResponsibilitiesThe Sr. Compliance Assurance Officer must deliver a diverse segments of a compliance assurance review within business units in line with Compliance Assurance standards and procedures. This role collaborates with senior members of Compliance Assurance and works directly with the business unit POC to delivery of assurance review work. The assurance function adds value by providing assurance that the RBS-CFG’s regulatory risk management and control processes, in relation to customer, financial or reputational risks, operate effectively. Onsite Assessment:Assess and provide direction on compliance assurance for all assigned business lines within RBS CFG as it relates to external regulatory requirements.Prepare for onsite assessment by becoming knowledgeable about the business unit, challenges and compliance requirements.Conduct ‘walk through’ interviews with key individuals to identify processes, risks and controls.Capture data in the form of process maps and meeting notes and share key information with colleagues / team leader.Develop Compliance Assurance report for the assigned assurance and control assessments.Work onsite with business unit contacts to assess compliance processes and identify potential deficiencies.Perform assessments of effectiveness of controls through data analysis, observation and executing interviews with colleagues within the business.Deliver specific aspects of a compliance assurance review on time and quality standards, using assurance methodology.Debrief Compliance Assurance colleagues of onsite assessment results, share data, clarify understanding and identify potential issues.Define recommendations for Sr. Management as to effectiveness of controls and resolutions for deficiencies that may directly impact the operational activities of the assigned business lines.Other Activities:Develop key documents including Compliance Assurance Scoping Document.Design testing strategy to be used during fieldwork.Participate in Compliance Assurance team meetings.Participate in knowledge sharing events to promote own and others’ business / product knowledge and continuing professional development.Contributes to the updating and development of Compliance Assurances protocols and procedures.Promote professional and ethical standards and establish a compliance risk culture within the organization so that all levels of personnel fully understand the importance of internal controls and their role in maintaining a sound compliance environment.Mentor Compliance Assurance Officers.Scope:Compliance Assurance Officer’s scope includes all assigned business lines within RBS CFG.This position executes based on requirements of external regulatory requirements for all lines of business.Impact:Actions recommended by the Compliance Assurance Officer directly impact the operational activities of the assigned business lines. This position participates in the development of protocols carried out by all Compliance Assurance colleagues.QualificationsBachelor Degree required: BA in Business, Finance or Accounting; years of relevant experience may be in lieu of Degree.Certification or Licensure preferred: Professional certification in regulatory compliance (e.g. Certified Regulatory Compliance Manager). Skills/ Competencies:Exceptional analytical skillsThorough knowledge of regulatory requirements in a financial institutionStrong regulatory knowledge of subject areas, understanding of business lines and risk management skills. Ability to effectively communicate (verbal and written) with all levels of the organization. Demonstrated teamwork coupled with ability to interact with team members and management at all levels. Excellent organizational and computer skills. Commitment to development and career advancement of diverse workforce. Work Experience:Financial services 3-7 experience in regulatory compliance risk management, compliance audit, or similar role.Experience in regulatory compliance management in banking preferred.Hours and Work ScheduleHours per Week: 40Work Schedule: Monday-Friday 8:00AM-5:00PMEqual Employment OpportunityIt is the policy of RBS Citizens, N.A. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other factor protected by federal, state and/or local laws.Please search for this position with the Reference Code xxxx93 entered in the Job Opening ID section of your search.