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Chief Compliance Officer

Hato Rey, PR · Banking/Loans
As a Chief Compliance Officer, you will lead and direct the development of compliance strategies across Europe. You will develop compliance policy and lead the assessment, monitoring and reporting of compliance risks, investigating incidents and taking appropriate action to ensure company Management, the Supervisory Board and branch General Managers are provided with a suitable and proactive second line of defense for compliance, working in close cooperation with the CCO of EMEA. Special attention is required for Financial Crime and integrity risks, core compliance matters and conduct
The CCO plays a leading role in the governance of the bank; establishing control frameworks and service offerings, and is responsible for companies compliance with the Regulatory system, relevant local regulatory requirements, and standards as applicable to the companies branch network. The CCO maintain contact with the regulator on compliance matters and provides support and oversight network and subsidiaries. The CCO furthermore manages the Compliance Control Room frame.
  • Direct responsibility for Compliance, split between Regional Financial Crime, Core Compliance, Planning & Support and the Local Compliance Officers in the branches.
  • Direct responsibility for the branches of the organization and its subsidiaries.
The CCO will report to the CRO (Deputy President), contribute to short and long-term business planning, influence business strategy for the region and closely monitor compliance and conduct market developments and standards.  The CCO furthermore maintains a strong functional line to the EMEA Regional CCO and has an independent reporting line to the Superivsory Board on matters relating to governance, safety and soundness.
  • Compliance Strategy development:  Work with regional and global partners to influence compliance strategy. Set the strategy and objectives aligned to the regional and global regulators’ strategy. Provide for the counter availing power versus business ambition and objectives.
  • Compliance Leadership: Design and implement, within the wider risk framework, structures and processes that integrate the principles of effective compliance into daily operations, encourage behavioral change and drive good governance across the company.
  • Compliance Planning:  Determine the overall priorities for Compliance, including acting as the liaison for Head Office reporting. Set and agree headcount and financial budgets necessary to deliver business objectives for compliance activities
  • Operate the Financial Crime (e.g. OFAC) and Core Compliance programmes, training’s and reporting
  • Enhancing compliance awareness through regular communication and by ensuring required staff training is provided.
  • Policy development: Responsible for developing and recommending a suite of policies appropriate for underpin the ongoing governance / monitoring / challenge of the companies business performance in accordance with regulations.
  • Systemic Integrity Risk Analysis: Responsible for maintenance, roll-out and period review of the SIRA.
  • Reporting:  Evaluate the current status of compliance activities through the completion of periodic heat map meetings with compliance specialists, as well as attendance at relevant committee meetings (e.g. New Product Committee) and take appropriate action to address any shortfalls. Formal interaction with Management Board and Supervisory Board.
  • Oversight and quality control of compliance functions involving continuous liaison; support and challenge entities compliance processes and behaviors.
  • Monitoring and Control: Monitor processes, systems and standards of behavior across all business areas in the region, countering the risk that the branch might be exposed to in the areas of financial crime, business conduct and governance. Identify opportunities for improvement and take action to redress shortfalls to ensure the Compliance Division and as a whole is compliant with the companies key policies and identify and manage any conflicts of interest and information wall controls.
  • Global collaboration: Work in partnership with risk and compliance specialists across the region and globally to share best practice, provide support and develop effective compliance policies and methodology appropriate to the company.
  • As Data-protection officer responsible for the supervision of all activities relating to Data Protection across the business units.
  • University Degree Level / Compliance qualifications – Master’s degree preferred legal or accountancy qualified preferably complemented with a post graduate (executive master) degree in Compliance/Risk Management. Experience and/or certification on combating Financial Crime are a strong preference.
  • Minimum of 10 years working experience in compliance and/or risk management in a complex international environment.
  • Extensive relevant industry experience with a deep conceptual understanding of Regulatory Compliance, Anti Money Laundering, establishing control frameworks and leading on good governance within global environments.
  • Proven experience in maintaining of good relationship with regulators.
  • Significant experience of leading at a senior level, interpreting and delivering against strategic objectives.

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