Associate Principal, Regulatory Compliance

The OCC • Chicago, IL

9d • Hybrid

About The Position

The Compliance Department is organized into several functional areas, with each having a distinct role in carrying out the department’s mission in a highly regulated environment. This role will support and drive a team ensuring OCC’s business units demonstrate compliance with regulatory obligations. This role is highly focused on review of the organization’s compliance with applicable regulatory and legal rules and requirements (i.e., SEC CCA, CFTC DCO, Federal Reserve, etc.) and adoption of industry best practices/frameworks (i.e., NIST CSF, NIST 800-53, COBIT, ISO, Cloud Security, etc.). Primary responsibilities include supporting and driving the team in maintaining OCC’s legal framework, monitoring changes to internal processes that may impact the organization's regulatory compliance posture, advising business units on regulatory compliance matters, including examinations and audits, advising business units on remediating regulatory and audit findings, and reviewing company policies, procedures, and controls. This role will be responsible for identifying, recommending, supporting and driving enhancements to the performance, integrity, and compliance of the organization’s processes. This role will drive and support the continued development and implementation of the compliance programs which includes: developing and driving compliance strategies, process (also policy and procedure) and control development, risk identification and mitigation, and supporting regulatory exams. This role will regularly interact with OCC’s Information Technology (IT) and Security Services departments and will support the continued development and implementation of the IT and Security Services Compliance program, including the development of processes (policies, standards, and procedures) and controls.

Requirements

• Strong working knowledge of securities and commodities rules and regulations. (i.e., SEC, CFTC, etc.)
• Strong working knowledge of compliance related best practices
• Experience in risk and control frameworks, and process improvement frameworks, including Cloud environments (e.g. COBIT, COSO, ITIL, NIST, CSF, NIST 800-53, ISO 27001, ISO 9001, CMMI)
• Working knowledge of the financial industry
• Excellent organizational, written, and oral communication skills
• Comprehensive analytical, conceptual and problem-solving skills
• Ability to support policy and procedure management, process and control management, testing, monitoring, risk assessment, and findings management
• Ability to manage and prioritize assignments and respond to rapidly shifting priorities
• Ability to work independently and as a member of a team, collaborating with internal business clients at various levels of seniority
• Must be able to work under deadlines and manage multiple tasks
• Strategic thinker, with strong conceptual and problem-solving skills
• Familiarity with Systems Development Life Cycle (SDLC) agile process and Secure Software Development Lifecycle
• Proficiency with MS Office software
• Bachelor's Degree in Accounting, Business, Economics, Finance, other business and finance-related discipline or Information Systems, Computer Science or related discipline
• 5+ years of experience in IT/Security Compliance, IT/Security Risk Management, IT/Security Audit, IT, Information Security, or related field required

Nice To Haves

• Experience using an integrated risk management system (such as RSA Archer), Document Management tools, and reporting tools
• Experience using an integrated risk management system (such as RSA Archer)
• Experience using NAVEX Global and PolicyTech
• Proficiency with Cloud Computing Models, Risks and Cloud Control Environment. (AWS etc.)
• Familiarity with the Securities Exchange Act of 1934 and the Commodity Exchange Act
• CIA, CISA, CISSP, CRISC, CGEIT, ITIL, etc.

Responsibilities

• Support and drive a team that will identify and establish processes (including policies and procedures), controls and tools required to provide regulatory advisory services for the business units
• Support and drive efforts to provide regulatory advisory services concerning financial risk management (including credit risk, liquidity risk, model risk, stress testing, default management, etc.), clearing and settlement, enterprise risk management (including operational risk, third party risk management, etc.), corporate finance (including accounting, finance, treasury, etc.) and other general business practices
• Provide guidance to first line of defense (business units) related to effective demonstration of compliance with regulatory obligations covering their areas
• Provide guidance to the business on the development and implementation of effective remediation plans to address internal or external findings
• Assist the organization with the identification, understanding, and development of processes, policies, procedures, and controls that effectively demonstrate compliance with regulatory obligations, focused within IT and Security.
• Assist the compliance monitoring program in support of providing frequent and highly professional reports to the CCO, executive management, and the Board of Directors
• Assist the organization in evaluating new products, key business initiatives, significant technology, and systems to ensure compliance with policy, laws, and regulations
• Interact and communicate in a highly effective, professional, and insightful manner with business colleagues within the company and third parties such as external auditors and regulators
• Exhibit and foster a strong compliance culture across all staff members
• Exhibit and foster strong collaboration across OCC’s control functions (i.e., internal audit, enterprise risk management, compliance, model validation)
• Assist in the writing of the annual compliance report, as well as other ad hoc and regularly occurring reports
• Keep abreast of changes in regulatory environment and industry best practices/frameworks (i.e., NIST CSF, NIST 800-53, COBIT, ISO, Cloud Security, etc.), and leverage them to drive compliance related continuous improvements for IT and Security Services
• Perform reviews of OCC’s legal framework, including updating referenced policies, procedures, and controls that evidence compliance with regulatory obligation
• Ability to independently produce and deliver education on regulatory compliance topics
• Assist with remediating regulatory and Internal Audit findings, including collecting data to identify root cause of problems, identifying trends, and formulating solutions
• Assist with collection of documents and other preparation as part of the exam management process
• Perform ad-hoc duties for Compliance management as necessary; including assessment of compliance risks and support for regulatory and compliance reporting

Benefits

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision
• Discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Principal