General information
Entity
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). With 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, we support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com. Twitter: https://twitter.com/ca_cib. LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/. By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
Reference: 2024-92031
Update date: 20/09/2024
Job description
Business type: Types of Jobs - Compliance / Financial Security
Job title: Managing Director, Head of Regulatory and Assurance
Contract type: Permanent Contract
Job summary:
The Compliance Regulatory and Assurance (CPL RA) team is a recently established "Center of Excellence" within the CACIB Compliance Function reporting directly to the Chief Compliance Officer (CCO). The CPL RA team provides strategic and centralized management of the supervisory activities of the Firm's regulators and related developments, focusing on regulatory reviews and examinations and continuous monitoring activities. CPL RA serves as the central point of contact with key supervisory regulators globally to facilitate open, cooperative and constructive relationships; provides advice and guidance on regulatory interactions and engagement; oversees responses to and commitments made to regulators; and apprises Senior Management and relevant governance bodies and stakeholders of these matters and related significant regulatory developments. The CPL RA team is comprised of four coverage areas: Project Management, Regulatory Coordination, Regulatory Watch, and Assurance.
Key Responsibilities:
Supervising the Regulatory and Assurance team's activities of all aspects via various measures including KPIs and MIS reporting and ensuring the high productivity and good performance of the team. Directing and providing guidance for all aspects of regulatory examinations by the FRB, DFS, SEC, CFTC, FINRA, NFA, state regulators and exchanges. Providing advice and directing the Firm's formal response to regulatory findings and assisting in the coordination of any remediation. Managing and guiding regulatory communications covering the regulatory achievements, remediation progression. Communicating with key stakeholders, including senior management in CPL, business and risk regarding exam status and potential findings. Supplementary Information:
Developing and implementing Project Management and assurance methodology, challenge framework and templates for independent assurance review and establishing the governance framework for review of the assurance review results. Providing centralized Project Management and Quality Assurance support on Compliance Issue Remediation efforts undertaken by the remediation owners across functions. Performing an autonomous check and robust challenge on the end-to-end remediation performed by ensuring all elements of the findings have been addressed completely and accurately and test for design effectiveness, adequacy and sustainability of the remediation. Educating and advising the first and second line of defense through periodic training or other media on emerging risks and potential issues based on evolving regulatory environment and supervisory expectations. Promoting the culture of self-identification of issues across the organization and establishing a robust framework to identify report and remediate self-identified issues. Salary Range: $270k - $300k
Position location: Geographical area: America, United States Of America
City: NEW YORK
Candidate criteria
Academic qualification / Speciality:
Required: Bachelor Degree Preferred: Master's degree or JD Experience:
At least 15 years of professional experience in the banking industry, focusing on Regulatory Affairs, Compliance, Risks, Project Management, Internal Audit, etc. Experience in managing regulatory exams and relationships with examiners and auditors. Extensive knowledge of appropriate regulatory requirements including local and US laws, international and industry standards. Direct experience with regulators preferred, such as FRB, DFS, SEC, CFTC, NFA, FINRA. Experience in dealing with US banking regulators preferred. Experience in regulatory project management. Required skills:
Strong understanding of regulatory requirements, guidance, and expectations. Capable of understanding and analyzing complex situations. Proven track record of completing large scale remediation efforts. Demonstrated leadership and motivational skills. Ability to work with regional and global partners, and influence and lead people across culture and senior levels. Ability to quickly grasp key concepts and take ownership of deliverables. Excellent verbal, writing, and presentation skills with the ability to interact with stakeholders at all levels within the organization and relay complex technical concepts to non-technical audiences. Strong analytical, problem-solving, and organizational skills. Strong influencing and negotiating skills. Expert in using Excel and PowerPoint. Proven project management expertise.
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