Principal Compliance Advisor - Wealth & Asset Management, Trust

  • Company: Capital One
  • Location: New York, New York
  • Posted: November 18, 2016
  • Reference ID: R14657
NYC 299 Park Avenue (22957), United States of America, New York, New York

Principal Compliance Advisor - Wealth & Asset Management, Trust

Title: Principal Compliance Advisor – Wealth & Asset Management - Trust
Level: Principal Associate

Wealth and Asset Management acts as an investment manager, custodian, or trustee and in other fiduciary capacities. Its clients include individuals, corporations, charitable organizations and government authorities.

Job Description: 
The Principal Compliance Advisor, performs a key risk management role (second line of defense), to help ensure corporate initiatives and lines of business processes comply with applicable laws, OCC regulations and state trust codes. While working within the Compliance Management Program framework, the Principal Compliance Advisor is responsible for delivering quality results, providing compliance advice to lines of business, and executing or participating in corporate processes. 

The Principal Compliance Advisor will support lines of business by: 
-Providing input on business regulatory requirements; 
-Providing guidance on business policies, standards, and procedures; 
-Leading and reviewing department training, as appropriate; 
-Providing compliance advice on projects; 
-Providing guidance on controls over regulatory requirements and line of business monitoring of those controls; 
-Performing targeted tests on lines of business controls and provide guidance on identified risks 

-Provide effective challenge and guidance on compliance risks and support lines of business through various interactions and forum engagements 
-Advise lines of business on application of Compliance requirements, such as: new products, process development, development of controls and monitoring, remediation/corrective action of compliance breakdowns, and change in law or regulation 
-Advise lines of business in the development and maintenance of the Compliance Program, such as how to monitor, report, and train 
-Develop strong understanding of applicable laws and regulations 
-Evaluate Internal Audit, Regulatory Exam, and self-identified issues and events for compliance impacts 
-Support lines of business through advice, influence adjustments to the processes, procedures, and controls 
-Review Complaints generated from lines of business and provide guidance on remediation, escalate and facilitate with subject matter experts, when necessary 
-Conduct targeted validations on controls over applicable regulations 
-Perform and review control assessments executed by peers for accuracy and adherence to test procedures 
-Involvement with compliance testing and third party compliance 
-Maintain strong understanding of Compliance Risk Management Framework and applicable laws and regulations 
-Identify trends in data for potential risk impacts 
-Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate Compliance Risk Management 
-Actively participate on complex projects through providing guidance, advise, and effective challenge 
-Participate in reporting activities, as directed 
-Supporting Compliance teams as a subject matter expert 
-Other compliance duties as assigned 
-Ability to manage multiple workflow items simultaneously in a fast paced environment 
-Strong written and oral communication skills 
-Flexibility to travel to various Capital One locations as necessary 

Basic Qualifications: 
-High School Diploma, GED or equivalent certification, or Military experience 
-At least 3 years of compliance experience, or at least 3 years of legal experience, or at least 3 years of audit experience, or at least 3 years of fiduciary experience

Preferred Qualifications: 
-Bachelor’s Degree 
-5 years of compliance, or 5 years of legal experience, or 5 years of audit experience, or 5 years of fiduciary experience
-1 year OCC 12 CFR 9 experience
-6 months ERISA regulatory experience
-1 year of deposit and lending regulations experience    
-CRCM certification

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


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