About the position
At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Compliance Program Specialist Senior within PNC's Retail Bank Compliance organization, you will be based in Pittsburgh, PA. Plans the execution of compliance programs to prevent illegal, unethical, or improper business practices. Develops ability to constructively challenge conclusions/status quo. Supports key business initiatives by analyzing data to identify compliance risks. Assists in providing resolutions to manage and mitigate the identified risks. If necessary, escalates identified risks to senior team members. Identifies compliance impact on matters such as marketing materials, sales programs, product development, documentation review and other business initiatives. Assesses activity for existing and emerging risks. Evaluates the materiality of the risks identified. Researches current laws, rules, and other regulatory requirements and drafts or assesses Compliance Manuals, Front Office materials, policies and procedures to ensure alignment. Manages the compliance monitoring program and reviews activity to ensure it falls within established risk control limits. Leads the execution of the Compliance program objectives for assigned area, products/services, and applicable regulations. Communicates and socializes compliance program objectives to business partners. Independently challenges analyses and formulates recommendations. Edits compliance reports. Analyzes the reports to identify deeper issues, escalates through proper governance channels as needed, and recommends corrective action plans. Assists in updating or implementing new/enhanced reports in order to ensure timely and effective compliance with regulatory requirements.
Responsibilities
- Plans the execution of compliance programs to prevent illegal, unethical, or improper business practices.
- Develops ability to constructively challenge conclusions/status quo.
- Supports key business initiatives by analyzing data to identify compliance risks.
- Assists in providing resolutions to manage and mitigate the identified risks.
- Escalates identified risks to senior team members if necessary.
- Identifies compliance impact on marketing materials, sales programs, product development, documentation review, and other business initiatives.
- Assesses activity for existing and emerging risks.
- Evaluates the materiality of the risks identified.
- Researches current laws, rules, and other regulatory requirements.
- Drafts or assesses Compliance Manuals, Front Office materials, policies, and procedures to ensure alignment.
- Manages the compliance monitoring program and reviews activity to ensure it falls within established risk control limits.
- Leads the execution of the Compliance program objectives for assigned area, products/services, and applicable regulations.
- Communicates and socializes compliance program objectives to business partners.
- Independently challenges analyses and formulates recommendations.
- Edits compliance reports and analyzes them to identify deeper issues.
- Recommends corrective action plans and assists in updating or implementing new/enhanced reports.
Requirements
- University / college degree.
- 3+ years of relevant / direct industry experience.
- Certifications are often desired.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience may be considered.
Nice-to-haves
- Compliance Reporting
- Customer Risk
- Decision Making
- Regulatory Requirements
- Risk Assessments
- Risk Control
- Strategic Objectives
Benefits
- Medical/prescription drug coverage (with a Health Savings Account feature)
- Dental and vision options
- Employee and spouse/child life insurance
- Short and long-term disability protection
- 401(k) with PNC match
- Pension and stock purchase plans
- Dependent care reimbursement account
- Back-up child/elder care
- Adoption, surrogacy, and doula reimbursement
- Educational assistance, including select programs fully paid
- A robust wellness program with financial incentives
- Maternity and/or parental leave
- Up to 11 paid holidays each year
- 8 occasional absence days each year
- Between 15 to 25 vacation days each year, depending on career level and years of service.
