Risk Advisory - Regulatory Compliance Senior Associate

  • Company: RSM US LLP
  • Location: Chicago, Illinois
  • Posted: December 07, 2017
  • Reference ID: req2723

Senior Associate – AML & Regulatory Compliance


RSM's AML & Regulatory Compliance group is currently seeking a strong regulatory compliance resource to join our fast growing Risk Advisory Services practice at the Senior Associate level. The Risk Advisory Services practice assists clients in managing operational, financial, compliance and technology risk, as well as designing and implementing process improvements that can lead to increased value, revenue, or cost containment. This position will conduct BSA/AML and regulatory compliance internal audits, assessments, model validations and other services at client locations within banks and financial institutions in the Great Lakes Region. Successful candidates will be based in our Chicago, Illinois office.

Position Description
-Develop strong relationships with existing clients and prospective clients within banking and financial services industries to enable effective sales
-Conduct regulatory assessments and deliver other services covering BSA/AML and regulatory compliance for banks, credit unions, broker dealers and other financial institutions
-Supervise junior staff and serve as engagement “in-charge”

-Conduct engagements (including planning, execution, report preparation and final wrap up), conducting exit meetings, and assisting in preparation of reporting and related risk assessment completion
-Communicate with clients on the review process, conclusions and potential improvements to the process. Conducting complete documentation and client report review
-Provide timely, high quality client service that meets or exceeds client expectations
-Demonstrate knowledge in various facets of risk advisory services
-Provide consulting advice that enables clients to increase shareholder value
-Stay abreast of changes in industry regulations, and develop own competency through continuing education and by obtaining additional professional certifications

Experience Required
-Application of BSA/AML and/or regulatory compliance expertise in a consulting, financial institution or regulatory environment
- Development, implementation and/or evaluation of policies, procedures and processes to meet regulatory needs

Basic Qualifications:

  • Bachelor’s Degree in Finance, Accounting or related business field of study

  • Previous experience working in a consulting or professional services environment

  • Must be able to travel in the state and surrounding states, including overnight travel, or out of region travel as requested

  • BSA/AML and/or regulatory compliance experience

  • Minimum 3 years of experience in a bank or bank regulatory agency, or other financial institutions specifically in a regulatory compliance role

Preferred Qualifications:

  • CRCM and/or CAMS certifications

  • Experience working for the FDIC, CFPB, OCC, FINRA, SEC or regulatory agencies with banking or as a compliance officer

  • Excellent verbal, written and interpersonal skills

  • Ability to work individually or in small project teams; collaborate

  • Understanding of several of the following banking and consumer regulations:

    • Truth in Lending Act (TILA)

    • Real Estate Settlement Procedures Act (RESPA))

    • Equal Credit Opportunity Act (ECOA)

    • TILA/RESPA Mortgage Servicing Rules

    • Fair Credit Reporting Act (FCRA) / Fair and Accurate Credit Transactions Act (FACT)

    • Home Mortgage Disclosure Act (HMDA)

    • Flood Disaster Protection Act

    • Service members’ Civil Relief Act

    • Community Reinvestment Act (CRA)

    • SAFE Act

    • Regulation O-Insider Lending

    • Fair Lending

    • Regulation E-Electronic Funds Transfers Act

    • Regulation DD-Truth-In-Savings

    • Regulation CC-Expedited Funds Availability Act

    • Regulation D-Reserve Requirements

    • Regulation GG – Unlawful Internet Gambling Enforcement Act

    • Advertising Compliance

    • Privacy and Right to Financial Privacy Act

    • Gramm Leach Bliley Act

    • Unfair, Deceptive or Abusive Acts or Practices (UDAAP)

    • FINRA and SEC Regulations and Requirements

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