The Line of Business CCOR (Compliance, Conduct and Operational Risk )Officer role involves independent oversight, assessment and challenge of the processes, risks and controls related to the product offerings within Securities Services to demonstrate adequate management of risk and compliance with regulatory requirements.
As Vice President within CCOR team you will work closely with various departments to discharge their responsibilities under the CCOR Framework and will be a key point of contact for operational risk and regulatory compliance-related queries and audits. This role requires a strong understanding of Securities Services associated risks and regulatory requirements, strong analytical skills, and the ability to work collaboratively with various departments to enable business success in a controlled manner.
Job responsibilities:
- Participate in New Business Initiative assessment and other business change activities to review and challenge the identification of new and/or material incremental compliance and operational risks
- Proactively engage the business on risk and control matters, highlighting concerns and driving discussions towards remediation.
- Provide input to legal entity and LOB compliance and operational risk assessments, as required, and identify potential areas of vulnerability
- Monitor and assess the effectiveness of new and existing risks, providing challenge and advice with regards improvements to the LOBs where necessary.
- Contribute to scheduled and ad-hoc reporting for senior management and regulatory bodies where required.
- Ensure the line of business complies with all applicable laws, regulations, and industry standards, providing support with the regulatory exams, inspections and requests by reviewing documentation, materials, responses and providing guidance for the overall approach to regulatory requests.
- Attend meetings (internal, preparatory and/or external) along with further sessions as required by regulators, auditors or relevant governance meetings to provide updates from a 2LOD/CCOR perspective
- Lead the team's engagement and approach to the growing digital assets agenda for the business, becoming the subject matter expert and resource for the global Securities Services CCOR team.
- Collaborate with internal stakeholders (including other CCOR teams, operations, finance, legal) to provide expert guidance on compliance and operational risk-related matters to senior management and other relevant parties.
- Review and support the business in reviewing and updating policies and procedures in line with regulatory changes and industry best practices
- Proactively identify more effective and efficient team practices and stay up-to-date with changes in regulations and industry trends.
Required qualifications, capabilities, and skills
- Demonstrable experience and understanding of the Securities Services business and their inherent risks
- Demonstrate capability to learn quickly and manage multiple demands.
- Self-starter who can drive and own their own deliverables whilst continuing to collaborate with the broader team.
- Strong written and oral communication and ability to provide defendable advice, challenge and partnership-building.
- Comfortable with engaging with all levels of the organisation on risk and control matters.
Preferred qualifications, capabilities, and skills
- Relevant digital assets, distributed ledger technology experience including crypto assets, tokenized assets or other experience with private and public blockchains, including AI/ML applications in financial services. Experience with technology risk assessment frameworks and oversight of strategic technology implementations is highly valued.
- Have relevant risk management, regulatory consulting, audit, regulatory, legal or controls experience.
- Ability to adapt to changing internal frameworks, regulatory environments and business needs.
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