Compliance Risk Assessment Officer - Rabobank - New York, NY

Our Organization

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, real estate, and renewable energy project financing. Founded over a century ago, Rabobank is one of the largest and safest banks in the world, with nearly $1 trillion in assets and operations in more than 40 countries, and ranks among the highest rated private banks by Standard & Poor’s and Moody’s. Rabobank is a premier bank to the international food and agriculture industry, as well as a leading financier of solar, wind, bioenergy, and energy infrastructure projects.

In the Americas, Rabobank is present in the United States, Argentina, Brazil, Canada, Chile, Mexico, and Paraguay, providing both retail and wholesale banking services as well as real estate and leasing services. The bank’s wholesale banking products focus on these banking areas:

Lending and Credit

Trade and Commodity Finance

Acquisition Finance

Renewable Energy and Infrastructure Finance

Global Client Solutions

Mergers & Acquisitions Advisory

Food & Agribusiness Research and Advisory

Capital Markets

Your Function:
Job Overview/Purpose:
This compliance officer is responsible for developing an industry standard compliance risk assessment program and methodology and, working with the business lines and support functions, executing NAW’s compliance risk assessment.

The compliance risk assessment program involves the identification, measurement, and assessment of compliance risk associated with laws and regulations applicable to North America Wholesale operating entities, businesses and support functions. The risk assessment is performed using a methodology that provides for ratings for the level of inherent risk, the strength of the control environment, and residual risk.

Risk assessment is the first step in building an effective compliance risk management program. It informs every part of Compliance management, from resourcing requirements to testing, training, reporting, annual compliance planning and policy development. It identifies and quantifies the level of compliance risk and the quality of the control environment, enabling effective risk oversight by management and remediation of identified areas of weakness.

Context of Job:
The compliance risk assessment officer is part of Core Compliance, which provides compliance support and advisory services to employees in all NAW entities and locations including the New York Branch, Rabo Securities USA, Inc., the Canadian Branch, and the US and Mexico representative offices. Due to the nature of the activities conducted within the function, employees from Core Compliance have frequent interaction with employees in all NAW business units and support functions, as well as regional and global teams. Your Profile:

Key Responsibilities and Accountabilities:
Develops and implements the NAW Compliance Risk Assessment Program

Creates and follows an industry standard Compliance Risk Assessment Methodology suitable for the assessing compliance risk across NAW’s businesses and functions

Creates and maintains, and maps to NAW business lines and support functions, an inventory of applicable laws, rules, regulations, controls, and other inputs to the risk assessment

Executes the NAW Compliance Risk Assessment based on the NAW Compliance Risk Assessment Methodology and Program

Identifies and reports on weaknesses or gaps in the control environment that may require management attention and remediation, based on the risk assessment results

Collaborates with stakeholders in compliance, business and support areas to design solutions to risk assessment related issues and to promote the use of consistent standards for risk assessment design, execution and reporting across the region

Provides risk assessment reporting to management, regulators and others as required and contributes to regional and global risk aggregation based on risk assessment results

Comply with all US laws, rules and regulations, including without limitation, AML and OFAC/Sanctions requirements and the reporting of suspicious activity (and all related policies, procedures and guidelines), as well as the:

Anti-Bribery and Corruption Policy

Anti-Money Laundering Policy

Clean Desk Policy

Code of Conduct

Complaint and Whistleblower Protection Policy

Conflicts of Interest Policy

Gift and Entertainment Policy

Information Barrier and Confidentiality Policy

Media Policy

Outside Interest Policy (Including Outside Business Activities and Private Investments)

Personal Investment Policy

Required Absence from Sensitive Position Policy

Sanctions Policy

World Wide Compliance Standards

Employee Policy Manual

Key Relationships:
NAW Compliance Team

NA Compliance Team

Business line leadership

Support Function leadership

Compliance Champions

Compliance officers in Utrecht, NAC, RNA, DLL, RAF

Information Technology team (for implementation of risk assessment tool)

Key Performance Indicators:
Successful creation of NAW Compliance Risk Assessment Program and risk assessment methodology

Completion of risk assessments within agreed timeframe

Successful implementation of risk assessment tool

Effective collaboration with AML and Sanctions compliance team, regional compliance team, global compliance, entity compliance relating to risk assessment programs and risk aggregation

Delivery of comprehensive inventory of laws, rules and regulations and controls.

Feedback from colleagues from within and outside of Compliance function

Demonstrating positive team culture and firm compliance culture

We Offer:
Rabobank New York Branch offers a comprehensive benefits program that is among the finest in the industry featuring:

Medical/Dental/Vision Plans

Defined Contribution (401k) Plan with Employer Match

Paid Vacation based on position and length of service

Life and Disability Insurance

Health and Dependent Care Flexible Spending Plans

Transportation Reimbursement Incentive Plan

Educational Assistance Program

Also offering:
Portable Voluntary Benefits including Pet Insurance

Automobile and Homeowner’s Insurance

Cancer Protection Plan

Legal Insurance Plan

Optional Life and Disability Insurance

Additional Information:
Job Requirements:
Bachelor’s degree and 8-10 years of financial services compliance experience or relevant consulting experience.

Strong understanding of banking laws and regulations.

Basic understanding of securities laws and regulations.

Experience in developing and implementing effective compliance risk assessments, risk assessment methodologies, programs, procedures, and with using automated risk assessment tools.

Strong cross-cultural interpersonal, oral and written communication skills.

Strong project management skills.

Ability to manage complex projects involving multiple stakeholders effectively and independently.

Job Specifications

Core Competencies:
Able to identify challenges and independently solve them

Excellent communication skills (verbal and written)

Problem solving/analytical/decision making skills

Multi-tasking skills

Highly organized with attention to detail

Highly motivated

Job Skills and Knowledge:
Essential:
Understanding of banking and financial services, including the types of products, services, and transactions that are typical for a foreign bank branch in the U.S.

Experience in performing compliance risk assessments

Experience using automated systems to perform risk assessments

Knowledge of banking and securities rules and regulations, including some BSA/AML and sanctions knowledge

Understanding of regulatory environment impacting regulated financial services organizations in the U.S.

Highly proficient at working independently, grasping challenges and finding and implementing solutions

Ability to articulate thoughts clearly

Ability to interact with all levels of employees, including senior management

Ability to exercise sound judgement and recommend and execute solutions

Ability to manage complex tasks and projects from inception to completion

Development Value:
Roles within NAW Compliance function and other compliance teams – regional, entity, global

Qualifications:
Essential:
Bachelor’s Degree

Prior experience with performing compliance risk assessments as a compliance officer or consultant

8-10 years professional experience

Desirable:
Professional certifications including, e.g., Certified Anti-Money Laundering Specialist (“CAMS”); J.D.

Interested?

Qualified candidates who are interested in this role are encouraged to apply directly online including their resume and related documents. If you have any questions, you can email Rachel.Marshalsea@Rabobank.com.