Mission statement
In a context of the multiple regulatory authorities which supervise the Bank’s activities in the U.S. and increasing supervisory scrutiny under existing and new regulations, the Regulatory Coordination team is in charge of coordinating the contacts and communications between the Bank and its various regulators, organized the collection of documents and meetings for regulatory audits, assist in compliance related projects, communicate key messages to the management of the Bank and follow the remedial actions as needed.
The main missions include:
Regulatory Relations:
- Manage and coordinate the Bank’s relationships with the various banking regulators in the U.S. including
o FRB, NY DFS, Illinois, Texas, and other states regulators,
On behalf of Credit Agricole US entities:
- Participate in maintaining a fluid and regular communications between the Bank and its regulators
- Manage and coordinate the bank examination process for exams and enhanced continuous monitoring reviews conducted by the different U.S. regulatory authorities and European regulatory authorities as required, including but not limited to:
o Coordinate pre-examination readiness efforts, internal preparation meetings, touch-point meetings with examination and on-site teams, touch point meeting with Bank personnel and management, and post examination close meeting with Bank personnel and management
o Coordinate responses to regulator information requests and arrange meetings with Bank personnel.
o Coordinate responses to follow up requests made by regulators during exams and enhanced continuous monitoring teams of the regulators
o Escalate any identified issues to management on a timely basis
- Respond to periodic regulatory inquiries,
Methodology and Process:
- Maintain Policies and Procedures on communication with and from the US regulators and exam management,
Remediation of Corrective Actions
- Track status of management of corrective actions in response to bank regulatory examination,
- Organize and participate in internal meetings with stakeholder and management to discuss progress in corrective actions
Regulatory strategy and initiatives:
- In support of Compliance and Legal teams, participate to the Bank efforts to understand and assess the implications of new regulations on the Banks’ businesses, customers and products and help the Bank properly position itself to comply
Salary range: $110k - $145k