Regulatory Compliance Risk Liaison, Sr. Jobs in Atlanta, GA at Synovus Financial
Title: Regulatory Compliance Risk Liaison, Sr.
Company: Synovus Financial
Location: Atlanta, GA
Salary: $80K – $100K*
Category: Finance & Insurance
Represents Corporate Compliance and is responsible for partnering and collaborating with the First Line of Defense to ensure effective compliance risk management programs. Ensures all testing, reviews, documentation, and reports are in compliance with regulatory and company guidelines, policies, and procedures. Monitors and tracks findings and ensure corrective action is implemented. May assists with maintenance of the control framework and risk assessment activities.
Job Duties and Responsibilities:
Maintains up-to-date knowledge on consumer regulatory compliance regulations.
Partners with First Line of Defense Management to identify, analyze, and monitor for areas of emerging risk. Educates First Line of Defense Management on risks and controls, and schedules monthly meetings to ensure continual back and forth communication of risk trends, issues, self-testing processes and changes, as well as gaps identified. Ensures all regulations, risks, and supported products applicable to the First Line of Defense are identified so that testing priorities can be evaluated and established.
Collaborates with the First Line of Defense in the execution of risk and control self-assessments (RCSA). Reviews self-testing procedures, workpapers, and/or supporting documentation completed by the First Line of Defense by performing a Valdation, using a risk based schedule, to ensure self-testing controls are designed and operate effectively.
Assists with the development and documentation of detailed testing scripts covering regulatory requirements that should be covered by the First Line of Defense when performing periodic self-testing.
Develops recommendations for corrective action based on validation review findings, self-identified issues escalated by the First Line of Defense, and gaps in controls or self-testing. Works with the First Line of Defense to refine recommendations. Track issues to completion and ensures corrective action has been implemented effectively and timely. Analyzes trends in risk categories and researches changes in risk metrics for reporting each quarter.
Provides management with continuous feedback and recommendations regarding structure and processes.
Assists in the development of regulatory compliance risk assessments to include enterprise-wide risk reporting, including aggregate risk concentrations and KRIs.
Prepares and potentially presents reports to management regarding the status of the First Line of Defense’s compliance position in areas of compliance focus and noting risk exposure where appropriate.
Reviews a wide variety of organizational policies and procedures to ensure compliance with federal regulations and internal standards. Reviews detailed departmental processes and policies to determine deficiencies. Analyzes existing policies; identifies gaps and recommends new or revised policies and procedures, approval processes, and monitoring methods for departmental use.
Partners with GRC Support, Enterprise Risk Management (ERM), and Consumer Compliance to identify and implement process improvements using RiskPro. Assists with the development, implementation, and maintenance of control framework in RiskPro.
May orient, train, assign, and review work of junior team members.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations, and risk limits specific to t…