Director of Compliance Testing & Monitoring

Director Compliance Test & Monitor
The Director, Compliance Testing and Monitoring within the second line of defense is responsible for establishing standards for monitoring and reporting of compliance risks; developing standards for tests and testing plans of compliance risk management activities across the enterprise; executing and reporting second line monitoring, testing, and issue validation activities; establishing compliance issue management and validation processes. This position will manage the testing, monitoring and issues management team.   Position Responsibilities:

• Partner with Line of Business, Compliance, Risk and third parties to ensure all processes and procedures are in compliance with applicable policies and regulations.
• Interface with first line including business unit risk liaisons, including actively participating in business unit meetings, committees, and providing support and guidance on compliance testing and monitoring.
• Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.
• Participate in industry forums to know best practices and implement best practices as appropriate.
• Establish standards for monitoring and reporting of compliance risks in the FLOD.
• Provide advice and guidance to FLOD (e.g., selecting monitoring activities, generating reports).
• Develop SLOD monitoring protocols to measure FLOD adherence to regulations, policies, control framework, etc.
• Define escalation procedures for compliance issues and exceptions.
• Aggregate and reports on compliance risks across the enterprise.
• Review and challenges FLOD results and escalate as needed.
• Establish standards for compliance testing in the FLOD.
• Provides advice and guidance to FLOD (e.g., deciding testing plans, testing design).
• Perform independent review of overall FLOD adherence to policies and standards.
• Develops tests and testing plans to review FLOD execution of compliance risk management activities (e.g., FLOD testing, FLOD monitoring, issue resolution).
• Tests FLOD controls for effectiveness of execution and adherence to policies/standards.
• Develop and execute validation process for issue closure.
• Develop and execute compliance issue management processes.
• Manage testing and monitoring team.
• Manage special projects and team initiatives.
• Independently identify projects and tasks to be completed and lead teams and solo efforts to complete and act as a primary contact to the business on associated compliance matters.