TIAA Director, Compliance Officer II - Volcker Compliance in New York, New York

Description:

COMPANY OVERVIEW:

Since 1918, it has been TIAA’s mission to serve, our ability to perform and the values we embrace that make us a different kind of financial services organization. We’re dedicated to serving the financial needs of those in the academic, medical, cultural, governmental and research fields, and committed to helping make lifetime financial well-being possible for them.

By building a culture that allows all employees to contribute their unique talents and skills, we’re able to provide our customers with fresh ideas and distinct perspectives to help them achieve their goals. We believe a diverse and inclusive workforce is one of our greatest strengths and a key measure of our success * .

For more information about TIAA, visit our website at https://www.tiaa.org/public/why-tiaa/who-we-are .

POSITION SUMMARY:

Compliance professional supporting Volcker Rule Compliance. Core competencies include experience working with private funds such as a hedge fund, private equity fund or private commodity pool, knowledge of the securities markets and various financial instruments traded within these investments and knowledge of Volcker Rule, Dodd-Frank Act and securities regulations generally. Capable of providing expert advice in a dynamic and complex environment, assisting business partners in identification and mitigation of compliance risks and delivering strategic, practical and business-focused compliance solutions. Skilled at monitoring and working cross-functionally to achieve efficient and effective compliance risk management and anticipating regulatory expectations.

KEY RESPONSIBILITIES AND DUTIES:

  • Establish enterprise Volcker program standards, including standards ensuring that new businesses are onboarded as needed to the overall Volcker Compliance Program and legal entity listings used for Volcker Rule compliance and oversight are current, complete and accurate

  • Maintain and execute the enterprise Volcker Compliance Program, including maintaining the Volcker enterprise policy and standards

  • Collaborate with the Compliance Risk Assessment team to conduct the enterprise Volcker risk assessment

  • Collaborate with the Compliance testing team to develop testing of the Volcker program on a risk-based basis

  • Prepare and facilitate the annual CEO Volcker attestation process and monitor that the materials provided to the CEO for the annual attestation of the Volcker Program are accurate and timely

  • Provide periodic reporting and metrics on Volcker compliance to senior management on not less than an annual basis, including the annual program update to the TIAA Board

  • Monitor, perform oversight of and evaluate the effectiveness of the Volcker Rule program within the LOBs including that: (i) LOB Volcker policies and procedures are inclusive of current processes, clearly define specific accountabilities and are in alignment with regulatory guidance; appropriate training is provided to targeted employees on at least an annual basis; (ii) LOB Compliance executes an appropriate monitoring program; (iv) an independent Volcker test plan is executed at least annually; (iv) annual sub-attestations in support of the annual CEO attestation are executed accurately and timely; (v) LOB Volcker records are retained for the appropriate retention period and (vi) any significant adverse events are timely escalated to enterprise Compliance as appropriate

  • Collaborate closely with Business, Law, Finance, Risk, Compliance and Internal Audit partners on compliance related matters

  • Support the Institutional Financial Services business Volcker Compliance program

Qualifications:

QUALIFICATIONS:

Required Qualifications:

  • Bachelor’s degree

  • Previous experience with a Volcker or Dodd-Frank Act related compliance program, either within Compliance, Law or Audit or as a business person accountable for Volcker compliance

  • 5 years working within investment management within a legal, compliance or business unit in a financial services firm offering private funds and annuities Preferred Qualifications:

  • Master’s Degree

  • Compliance testing and auditing experience desirable

  • Background or experience in a relevant regulatory agency a plus

  • Strong organizational and reporting skills

  • Strong executive presence and relationship management skills

  • Excellent quantitative, analytical and problem solving skills

  • Excellent written and oral communication skills including presentation and public speaking skills

  • Able to work independently and collaboratively with team members at all levels

  • Proficient with technology and information systems

Equal Employment Opportunity is not just the law, it’s our commitment. Read more about the Equal Employment Opportunity Law at http://www1.eeoc.gov/employers/upload/eeocselfprint_poster.pdf .

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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

  • ©2016 Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY 10017 C23921

Job: Advocacy and Oversight

Primary Location: NC-Charlotte

Req ID: 1709579