Chief Compliance Officer

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Chief Compliance Officer
The candidate will create, execute, and oversee a Trust regulatory compliance program for a financial services provider operating in the payroll industry moving in excess of $200 billion in payroll and taxes annually with emerging products related to mobile wallets, prepaid cards, and other innovative payment services and to ensure full compliance with the requirements of Federal and state legislation and regulations. Serve as Ceridian's liaison with federal and state regulators and coordinate administration of all regulatory examinations and reviews. Compile and present quarterly reports to the Board Audit and Risk Committee on: Any partner bank audits related to regulatory compliance. Generate practical perspectives on the applicability of laws, rules, and regulations across the business and processes and how they translate into operational requirements. Create standards for risk materiality (for example, definition of material risk, tolerance levels, and tie to risk appetite). Develop and manage a robust risk identification and assessment process/tool kit (for example, comprehensive inventory of risks, objective risk-assessment scorecards, and risk-measurement methodology). Develop and enforce standards for an effective risk-mitigation process (for example, root-cause analysis and performance tracking) to ensure it addresses root causes of compliance issues rather than just “treating the symptoms”. Ensure that the front line effectively applies processes and tools that have been developed by compliance. Approve clients, transactions, and products based on predefined risk-based rules. Understand the trust bank’s risk culture and its strengths as well as potential shortcomings. Have and maintain a high level of knowledge and expertise in all applicable OCC and Federal Reserve regulations, directives and guidance applicable to the Trust. Draft and maintain relevant documentation including policies, procedures, and practices to related to Trust regulatory requirements. Develop, maintain and provide compliance training to adequately train key stakeholders and employees on applicable regulations and requirements. Establish standards for training programs and incentives tailored to the realities of each type of job or work environment. Ensure appropriate testing and analyze key performance indicators to ensure requirements of Trust policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in line(s) of business. Validate that issues identified through compliance monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate. Review all new and proposed products and transaction types to ensure compliance with all applicable regulations and requirements. Anticipate and plan for changes in the compliance and regulatory environment through completion of annual Compliance Risk Assessments. BA/BS degree required. Certified Regulatory Compliance Manager (CRCM) required. Advanced degree (JD, MBA) a plus. Must have advanced certifications a plus: Certified in Risk and Information Systems Control (CRISC), Certified in Governance of Enterprise IT (CGEIT), or Information Technology Infrastructure Library (ITIL). Should have 5-15 years of experience in a compliance role with banking institutions on regulatory matters. Knowledge of relevant trust and banking laws required.

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