Compliance Manager

The Compliance Manager is responsible for ensuring that the financial servicing firm adheres to all relevant regulatory and legal requirements. This includes overseeing internal compliance programs, managing audits, ensuring adherence to financial industry regulations, and mitigating compliance risks across the organization. The role will involve working closely with various departments to implement policies, monitor compliance practices, and provide expert advice on regulatory matters.

Key Responsibilities:

1. Regulatory Compliance:
• Develop, implement, and maintain compliance programs that meet regulatory and industry standards, including local, state, and federal laws.
• Stay up-to-date with changes in financial regulations, such as those from the SEC, FINRA, CFPB, and state regulatory bodies, and communicate any impact to the business.
• Review and interpret new laws and regulations to ensure the organization’s practices align with compliance requirements.
2. Internal Auditing & Monitoring:
• Conduct regular internal audits to assess compliance risks and identify any gaps in procedures or policies.
• Monitor and assess business operations to ensure compliance with company policies and legal requirements.
• Prepare audit reports for senior management, recommending improvements where necessary.
3. Risk Management:
• Identify, assess, and mitigate compliance risks in the company’s financial servicing operations.
• Develop and implement strategies to address identified risks and prevent violations.
• Maintain risk management frameworks and provide guidance on best practices for risk mitigation.
4. Training & Awareness:
• Develop and deliver training programs to employees on regulatory requirements, company policies, and compliance best practices.
• Provide ongoing support and guidance to staff regarding compliance-related issues.
5. Policy Development & Implementation:
• Design, review, and update compliance-related policies and procedures to align with current laws and industry best practices.
• Ensure that all policies are communicated effectively to the appropriate stakeholders.
6. Regulatory Reporting & Documentation:
• Prepare and file necessary compliance-related reports and documents with regulatory agencies, ensuring timely and accurate submission.
• Manage responses to regulatory inquiries, examinations, and investigations.
7. Stakeholder Management:
• Act as a liaison between internal departments and external regulatory bodies to ensure smooth communication and effective resolution of compliance issues.
• Collaborate with senior management and other departments to address compliance concerns and implement corrective actions.
8. Incident Management:
• Investigate potential compliance breaches or violations and recommend corrective actions.
• Maintain detailed records of compliance violations, actions taken, and outcomes to ensure accountability.
9. Continuous Improvement:
• Proactively identify areas of improvement within the compliance program and recommend enhancements.
• Leverage compliance technology and tools to streamline and automate processes where applicable

• Education: Bachelor's degree in Business, Finance, Accounting, Law, or a related field (Master’s degree or legal qualifications are a plus).
• Experience: 5+ years of experience in compliance management, risk management, or a related field in the financial services industry.
• Certifications:
• Certification such as Certified Regulatory Compliance Manager (CRCM), Certified Risk and Compliance Management Professional (CRCMP), CIN and DCP are added advantages.
• Anti-Money Laundering (AML) certifications are a plus
• Knowledge of Regulations: In-depth knowledge of financial regulations , and state financial services laws).
• Attention to Detail: Strong attention to detail and ability to identify discrepancies or risks in complex regulatory frameworks.
• Analytical Skills: Exceptional problem-solving and analytical skills with a thorough understanding of compliance reporting.
• Communication Skills: Excellent written and verbal communication skills, with the ability to convey complex regulatory requirements clearly to non-experts.
• Technology Proficiency: Familiarity with compliance software, audit tools, and financial systems.

Preferred Skills & Experience:

• Leadership: Ability to manage and mentor a team of compliance professionals.
• Project Management: Strong organizational skills with the ability to manage multiple projects and deadlines.
• Legal Expertise: Familiarity with financial laws and regulations on a global scale, particularly for firms with cross-border operations.
• Industry Networks: Established relationships with regulatory bodies and industry professionals.

• Full-time position, with occasional travel to regulatory or business events, audits, or compliance-related meetings.
• Hybrid or remote work options may be available depending on the company’s policy.

Compensation & Benefits:

• Competitive salary based on experience
• Health insurance, and other employee benefits
• Paid time off (PTO) and holiday leave
• Professional development opportunities