Compliance Testing and Monitoring Officer

About the position

Under supervision of the Head of Compliance Testing and Monitoring, as part of the Credit Agricole CIB Americas compliance function, responsible for executing testing reviews and monitoring activities and contributing to the continuous enhancements to the bank’s Compliance Testing and Monitoring program.

Responsibilities

• Plan and execute assigned compliance testing reviews of the various Banking business units / processes within the Organization, as part of the Annual Compliance Testing Plan.
• Document testing work papers with sufficient details in accordance with the standards set out in the internal policy/procedures and that a third-party can reasonably understand the testing performed and the conclusion of the testing.
• Identify issues through testing and ensure thoroughly analysing the root causes and developing appropriate action plans to address the issues and root causes.
• Present review findings, confirm factual accuracy, and propose recommendations to relevant Department Management.
• Draft the testing review reports to document and formally communicate testing results to stakeholders which may include the Chief Compliance Officer, the Executive Committee and Senior Management.
• Track and monitor issues identified from the assigned compliance testing reviews to ensure the action plans are completed by action owners by the due date.
• Perform validation of action closure and prepare the action plan validation memo for Testing Unit Manager’s review and approval.
• Carry out and document compliance monitoring activities, as planned / scheduled in the Annual Compliance Monitoring Plan.
• Provide regular status updates on assignments and escalate any potential delays / issues to the Head of Compliance Testing and Monitoring.
• Contribute to the development of the Annual Testing Plan, Annual Monitoring Plan, and regular updates to the team’s procedures.
• Contribute to address requests / questions from Regulatory Exams and Internal Audit reviews covering Compliance Testing and Monitoring.
• Other tasks that may be assigned by the Head of Compliance Testing and Monitoring.

Requirements

• General knowledge of one or more of other banking products/services and regulations preferred.
• Familiarity with FRB / NYS DFS regulations.
• Understanding of Business Conducts (Anti-Bribery & Corruption, Whistleblowing, Conflicts of Interest, Conduct Risks, Fraud risks etc.).
• Knowledge of Financial Crime (AML, Sanctions/OFAC).
• Awareness of other regulations (privacy, tax compliance, cybersecurity etc.).