Compliance, Core - Regulatory Inventory Management, Associate

Core Compliance is a team within Global Compliance that is responsible for implementing and maintaining the firm's integrated regulatory compliance program, which includes risk assessments, regulatory change management, regulatory inventory management, policies, and training. The Regulatory Inventory Management (RIM) group in Core Compliance is responsible for identifying and monitoring regulatory changes that impact the firm's inventory of global laws, rules and regulations and their corresponding regulatory compliance obligations.

Responsibilities and Qualifications

Core Compliance RIM is at the forefront of ensuring our firm's compliance program is best in class. RIM's key responsibilities are developing and implementing a program that:

• Collaborates with the regulatory change management team to receive applicable regulatory updates (i.e. new and revised rule changes issued via proposed/final rules) issued by global regulators that may impact the firm's regulatory inventory;
• Reviews relevant regulatory updates for potential changes to the regulatory inventory;
• Drafts/edits regulatory compliance obligations and publishes them in the inventory on or before their effective/compliance date;
• Communicates relevant inventory additions/deletions to subject matter experts within the firm to determine impact(s) and implement changes in a timely manner; and
• Tracks and reports the status of relevant regulatory inventory updates.

We are looking for someone who is analytical with a versatile mix of legal, compliance and/or business experience with a focus on regulatory identification, change and/or inventory management and implementation. The team member should be very comfortable reading and interpreting regulatory notices and changes from regulators globally, including but not limited to federal prudential regulators in the US, self-regulatory organizations, and exchanges.

Principal Responsibilities:

• Assist with strategy for enhancing the regulatory inventory management program
• Review and analyze regulatory change notices in multiple countries
• Maintain and update the global regulations inventory, including drafting obligations
• Communicate with stakeholders to understand relevance of regulatory updates and applicability to various business lines
• Assist with end-to-end workflow of maintaining the regulatory inventory

Qualifications:

• Bachelor's degree required
• Law degree preferred
• Minimum of 3 years' experience in legal, compliance and/or risk management in the financial services industry
• Extensive knowledge of global regulators and the RCM process preferred
• Experience in utilizing or maintaining a repository of laws/rules/regulations and their corresponding obligations (e.g. GRC platform) preferred
• Proven experience in managing change in a dynamic environment across multiple entities, businesses, functions and/or jurisdictions
• Strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholders
• Exceptional analytical, problem solving, critical thinking and project management skills with a proven track record of execution against deadlines
• Detail-oriented and able to produce quality work product, even when managing time-sensitive demands from competing stakeholders
• Work independently and exercise strong judgment
• MS Office proficiency; Advanced PowerPoint and Excel skills preferred