Compliance Specialist, Business

Compliance Specialist

Location:

New York, NY
Duration: 05 Months
Pay Rate: $33- $38/hr W2

Description:
Objective of this role to Control Management Risk , Assessment, Testing and Reporting team is to identify, assess, mitigate, and report on Operational Risk within BU processes to ensure adherence to regulatory standards, client policy and enhance the BU's resilience through managing a clear methodology of inherent and residual risk.

Client is looking for a resoruce focused on ensuring control management is embedded in the day-to-day operations of our organization.
It will involve extensive collaboration with multiple partners across numerous business units, functional areas, and geographies.

• Provide additional identification of risks throughout business processes and systems (along with business process owners)
• Facilitate BUs in their risk assessments performance (e.g. Risk Control Self Assessment (RCSA)) in addition to further assessments and testing / QA programs to ensure regulatory and internal standards are met (e.g., periodic RCSA reviews and update assessment criteria to align with regulatory updates)
• Lead control monitoring (supplemental to BU process owners testing) and proactively communicate key OR trends, activities, and events to senior management, to facilitate informed decision-making
• Proactively identify areas of high-risk for intervention (e.g., automated alerts generated for high-risk areas signal need for intervention and focus), including conducting independent quality assurance and vertical process testing
• Compile thematic risk reporting (levels, trends, causes) to provide actionable insights to BU on current risk levels, emerging trends and root causes
• Categorize controls and map against risks and processes (e.g., cross-BU process-control mapping)
• Support BU with identification of risks and spotting areas where product changes or improved controls may be required within New Product Governance (NPG)
• Champion risk management practices within the business
• Develop risk dashboards and key risk indicators (KRIs) for ongoing monitoring
• Develop risk profiles and maintain an updated risk register(s)
• Be a key leader for sharing insights, better practices, themes, etc. across the enterprise