Vice President, Capital Markets Conduct Risk Management

VP, Capital Markets Conduct Risk Management

The VP, Capital Markets Conduct Risk Management, is a member of the Regulatory Portfolio team within Capital Markets Supervision & Governance (CMSG). This role is specifically responsible for overseeing Capital Markets conduct risk framework and related activities. The VP is also accountable for helping to promote an inherent culture of risk management across Capital Markets.

CMSG is responsible for directing, leading, and operating the First Line of Defense's Operating Group Compliance Program (OGCP). The OGCP is the system of policies, processes and controls established by the First Line of Defense to achieve and sustain risk-based compliance with applicable laws and regulatory requirements, and to ensure that the First Line of Defense responsibilities outlined in the Legal Regulatory Compliance Risk Management (LRCRM) Policy, the Enterprise Compliance Program, and the Global Compliance Manual (GCM) and supporting operating guidelines are met.

Key responsibilities include :

• Develop and Implement Conduct Risk Frameworks : Design and implement conduct risk frameworks and policies to ensure compliance with regulatory standards and internal policies.
• Risk Assessment and Monitoring : Conduct regular risk assessments and monitoring activities to identify, assess, and mitigate conduct risks within the capital markets division.
• Regulatory Compliance : Ensure that the organization is in compliance with all relevant regulatory requirements related to conduct risk. Stay updated on changes in regulations and ensure timely implementation of necessary changes.
• Stakeholder Collaboration : Work closely with senior management, legal, compliance, and other relevant stakeholders to promote a culture of integrity and accountability.
• Training and Awareness : Develop and deliver training programs to enhance awareness and understanding of conduct risk among employees.
• Incident Management : Lead investigations into conduct-related incidents, ensuring that root causes are identified, and appropriate corrective actions are taken.
• Reporting and Communication : Prepare and present reports on conduct risk issues to senior management and the board of directors, providing insights and recommendations for improvement.
• Benchmarking and Best Practices : Stay informed about industry best practices and trends in conduct risk management and incorporate them into the organization's risk management strategies.
• Leadership and Team Management : Lead and manage a team of conduct risk professionals, providing guidance, support, and development opportunities.
• Continuous Improvement : Drive continuous improvement initiatives to enhance the effectiveness and efficiency of conduct risk management processes.

Knowledge, skills, and requirements :

Location : New York, NY

Compensation : This position is important for the future of the organization and offers an overall competitive compensation mix including base salary and incentive pay.

Salary : $81,400.00 - $151,800.00

Pay Type : Salaried