Risk and Compliance Director

Company Description

Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords.

We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion.

We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Job Description

Our Company is searching for an experienced Enterprise Risk and Compliance (ERC) Director, who will be responsible for managing and elevating of our enterprise risk and compliance programs, ensuring alignment with industry best practices and regulatory requirements, 

Reporting to the Chief Legal Officer, the ERC Director will be responsible for our ERC programs, including periodically conducting enterprise and compliance risk assessments, identifying and evaluating enterprise risk and developing and implementing strategies to mitigate these risks.  The ERC Director will also manage an effective monitoring program to ensure adherence to company policies and regulatory standards, conducting investigations into alleged non-compliance as necessary.   

The ideal candidate will possess a robust background in risk management and compliance, with a strong understanding of legal and regulatory compliance and auditing frameworks. They should be adept at collaborating across the organization to identify and mitigate compliance, operational, financial, and strategic risks. 

RESPONSIBILITIES: 

• Oversee the management and ongoing improvement of the Company’s risk and compliance programs to identify and effectively mitigate risks, foster our compliance culture and promote adherence to the highest ethical standards. 

• Collaborate with subject-matter risk managers from various departments to ensure timely identification, mitigation, and monitoring of risks. 

• Perform targeted risk assessments to identify key risks, ensure effective controls and risk mitigation, ensure effective monitoring and testing, and ensure appropriate response to violations of applicable standards. 

• Keep current on emerging risks, regulations, investigations, and case law developments that are relevant to our business.  Some areas of focus include privacy, sales and marketing, and vendor and contract management. 

• Work with internal stakeholders to ensure appropriate communication of and education about policies in place to manage risks. 

• Conduct internal and/or external investigation and escalation of violations of applicable laws, regulations, and policies and other related concerns, including (a) awareness and enforcement of the Company’s anti-retaliation policy for protecting whistleblowers; (b) effective use of the Company’s compliance hotline and other means of reporting compliance issues; (c) ensuring that proper discipline is meted out for compliance misconduct; and (d) ensuring that the Company implements any lessons learned from compliance misconduct. 

• Perform compliance internal and external audits to verify, and identify opportunities to improve, adherence to policies and protocols. 

• Stay informed of emerging regulatory changes and industry trends and advice senior management on potential impact to the business 

• Periodically benchmark the Company’s compliance program against similarly  
  situated peers. 

• Regularly report to senior management and the board of Directors on the status of risk management and compliance initiatives, including key risk indicators and incidents 

• Manage the response to any government inquiries relating to compliance. 

Qualifications

• 5+ years of prior experience in a compliance/risk role in organizations of a similar size and complexity to Public Storage. 

• Bachelor’s degree in business administration, finance, or related field.  MBA and/or Legal degree is a plus.  

• Strong working knowledge of federal and state regulations, requirements, and other compliance standards applicable to the Company, and demonstrated ability to spot emerging trends and issues from external and internal data.  

• Proven experience in collaborating with and influencing seni