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Manager, Risk Compliance Financial Services
Lucid MotorsUnited Statesfull_timeVerifiedPosted 15 Nov 2023
💰 $187,000/yr($131,000/yr – $187,000/yr)
About the role
Leading the future in luxury electric and mobilityAt Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility. We plan to lead in this new era of luxury electric by returning to the fundamentals of great design – where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience. Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.
The Risk and Compliance group is a globally integrated team within the second line of defense of Lucid’s Financial Services organization. In this role, you will partner with Legal, Compliance, Finance, Accounting, Product, Engineering, Marketing and Data Analytics teams across Lucid to drive regulatory compliance.
You will be instrumental in selecting samples, reviewing documentation, conducting testing, assessing non-compliance, developing outcome reports and supporting remediation efforts. You will also support the development of our broader capabilities (e.g. learning, communications) as it relates to regulatory compliance.
This individual will develop, implement and maintain policies, guidelines and procedures to ensure that employees and internal partners understand and adhere to regulatory and other risk management requirements.
The successful candidate must have the ability to deliver on the needs of a fast-paced and innovative business, and the flexibility to simultaneously manage multiple projects.
The Risk and Compliance group is a globally integrated team within the second line of defense of Lucid’s Financial Services organization. In this role, you will partner with Legal, Compliance, Finance, Accounting, Product, Engineering, Marketing and Data Analytics teams across Lucid to drive regulatory compliance.
You will be instrumental in selecting samples, reviewing documentation, conducting testing, assessing non-compliance, developing outcome reports and supporting remediation efforts. You will also support the development of our broader capabilities (e.g. learning, communications) as it relates to regulatory compliance.
This individual will develop, implement and maintain policies, guidelines and procedures to ensure that employees and internal partners understand and adhere to regulatory and other risk management requirements.
The successful candidate must have the ability to deliver on the needs of a fast-paced and innovative business, and the flexibility to simultaneously manage multiple projects.
Responsibilities:
- Lead regional Risk & Compliance as part of Lucid’s Financial Services (FS) organization reporting to the Global Head of FS Risk & Compliance
- Partner closely with Compliance and cross functional stakeholders to understand and inventory financial partner obligations, scope requirements into product development efforts, and support the maintenance of our key relationships.
- Contribute to building a strong culture of compliance across Lucid’s teams
- Ensure compliance with data privacy laws and adoption of sound privacy practices
- Collaborate cross-functionally with Legal, Internal Audit, Technology, Sales, Delivery Marketing, and other areas to strengthen controls within the business by analyzing products, services, processes, and technologies to identify risks and recommend measures to mitigate those risks
- Partnering with the Product team to embed privacy & compliance principles and controls by design into new products and services
- Support the development and administration of compliance, data privacy training and awareness programs for compliance with domestic and international laws and regulations in each market, as well as internal policies and procedures
- Conduct impact assessments to identify areas of risk, evaluate control effectiveness, and recommend risk-mitigation measures
- Investigate compliance and privacy-related issues, incidents, or breaches; develop action plans; and monitor remediation
- Produce Global Regulatory Reporting program health metrics and reports for management and boards, including roadmap progress updates, trend analysis and recommended strategies.
- Provides guidance to directors and managers on all compliance matters including risk management practices.
- Act as a strong partner and trusted advisor with the Financial Service’s business stakeholders on assessing risk with respect to new products and services.
- Oversee FS-wide risk assessments, partner with the first line of defense to address control enhancements with sustainable solutions.
- Establish a strong monitoring program commensurate with the Lucid’s risk profile.
- Ensure that remediation efforts are sufficient and timely; Review action plans and remediation documentation to support event closure; Participate in root cause analysis and the resolution of deficiencies.
- Provide guidance and support for Financial Services initiatives regarding the strengthening of the first line risk management function.
- Establish and maintain strong relationships with key business and staff group partners to promote an effective and synchronized approach to risk management that builds risk culture across Financial Services and reinforces a strong and agile Compliance Management System.
- Work to simplify the legal, regulatory, and risk management requirements that business teams must satisfy and develop strategies to support the efficient implementation
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