BBVA Compass

Director Compliance Assurance

Job ID
2016-99594
AL-BIRMINGHAM-CORPORATE HEADQUARTERS
Category
Corporate Staff Units
US-AL-BIRMINGHAM
FLSA Status
EXEMPT
Type
FULL TIME
EOE Statement
Equal Opportunity Employer - Minority/Female/Disability/Veterans

Overview

At BBVA, we’re working to make banking better for everyone. That’s where you come in. We’re looking for smart, team-oriented people who want to be part of a world-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.

Responsibilities

The Director of US Compliance Assurance has responsibility for providing independent assurance regarding the adequacy and effectiveness of the compliance and control processes, specifically focusing on federal regulatory compliance risk management for BBVA’s US operations.  The responsibilities include the oversight, development, implementation, ongoing enhancements and execution of an enterprisewide compliance risk assessment, testing program and monitoring program.  As part of this role’s responsibility for the Compliance risk management function, the position will perform internal control support for the US Compliance Team, including support of the various compliance units in the tracking and reporting of material compliance risk issues, and testing of controls, both SOX and non-SOX. 

 

PRIMARY RESPONSIBILITIES

Compliance Risk Management

  • Manage and implement annual regulatory compliance risk assessment process for the US operations of BBVA, including periodic updates in the risk assessment as determined to be appropriate
  • Collaborate with Compliance SMEs to maintain and execute the regulatory risk assessments for federal regulations applicable to the organization’s operations.
  • Develop and maintain appropriate policies regarding the conduct of the risk assessment process
  • Manage testing of key compliance controls (SOX and non-SOX) to ensure critical operational risks (assigned to Compliance) are mitigated and to ensure compliance with identified laws and regulations.
  • Responsible for maintaining US Regulatory Compliance Inventory through coordination with Compliance SMEs, Regulatory Strategies team, and Legal. 
  • Implement, manage and maintain Compliance GRC (Governance, Risk and Compliance) tool for U.S.
  • Administration of documentation of material compliance risks and the controls designed to prevent, eliminate or mitigate losses.
  • Reporting status of Compliance risk profile to members of management and appropriate committees.
  • Serve as the Control Specialist for US Compliance to escalate compliance issues for consideration by Corporate Assurance Working Group and to monitor new products and services process and coordinate required compliance risk and control analysis.
  • Serve as Corporate Secretary for the US Compliance Risk Oversight Committee.

Compliance Testing

  • Develop and implement risk-based compliance testing program.
  • Develop and maintain appropriate policies regarding the conduct of the testing program
  • Maintain communication of testing process and results with all levels of management
  • Report and escalate identified issues to CCO, Compliance SMEs and business unit management
  • Monitor, track and report remediation activities of identified issues
  • Analyze, identify, track and report interrelated risks based on compliance testing results including trends and systemic issues
  • Reporting status of Compliance testing program to members of management and appropriate committees

Compliance Monitoring

  • Develop and implement risk-based compliance monitoring program.
  • Develop and maintain appropriate policies and documentation regarding the maintenance of the monitoring program
  • Collaborate with and assist FLOD in the identification and documentation of relevant monitoring activities
  • Maintain communication of monitoring process and results with all levels of management
  • Report and escalate identified issues to CCO, Compliance SMEs and business unit management
  • Reporting status of Compliance monitoring program to members of management and appropriate committees

Qualifications

  • Significant knowledge of, and at least 10 years of experience in implementing, financial institution compliance risk management programs, including structuring and conduct of risk assessments, development of compliance testing programs and plans, and development and implementation of compliance monitoring programs
  • Effective management skills and at least 7 years of prior management experience
  • Excellent written and oral communication to maintain an effective advisory and control relationship with all levels of management and support units
  • Effective ability to communicate directions and goals and motivate actions to completion
  • Ability to work effectively with others in non-hierarchical relationships
  • Superior time management and organizational skills
  • Skilled in use of Microsoft Office programs and ability to learn and use additional computer applications as needed
  • Comfortable handling multiple assignments and tasks in parallel and meeting deadlines
  • Bachelor’s degree or higher, preferably in the areas of Finance or Accounting
  • Compliance certifications preferred

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