Compliance Testing 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:
NAW’s Core Compliance function is responsible for Compliance reporting, training, testing, development of compliance policies and procedures, risk assessments and completion of special projects that originate from Head Office and other areas of the bank.

Due to an increased regulatory emphasis on conducting independent compliance testing as a critical control for regulated financial institutions, NAW Compliance has a very broad testing mandate across NAW’s businesses and support functions. In addition, Head Office requires local compliance testing teams to perform in-depth assessments as a means of identifying and remediating risks associated with its banking activities.

This compliance officer will participate in designing, developing, and executing the NAW testing program.

Context of Job:
The Core Compliance function is part of the Compliance Department for NAW. Core Compliance provides compliance support service to employees in all NAW entities and locations including the NY Branch, Rabo Securities USA Inc., the Canada 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 business units.

Key Responsibilities and Accountabilities:
Report to Head of Compliance Testing Group

Collaborate with other Core Compliance team members

Review and provide input into expanding the BSA/AML, Bank, Markets/Broker-Dealer Testing Program

Conduct reviews contained in the NAW testing program and special reviews mandated by Head Office

Prepare detailed test reports

Collaborate with process owners to design remediation plans to address findings and observations related to the BSA/AML, sanctions, Bank and Markets/BD areas

Update internal records used to track remediation efforts

Report/discuss significant findings with Manager

Assist with the completion of Special Projects

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 Your Profile:

Key Relationships:
Compliance Team (Frequent contact with NY, Canada, Mexico. Periodic contact with Utrecht)

Client On-boarding group, Vendor Management Office, IT/OPS, Legal, Front Office

NAW employees in all jurisdictions

Key Performance Indicators:
Completion of reviews on a timely basis

Remedial actions implemented in accordance with agreed upon time frame

Identify and recommend enhancements to existing program/procedures

Feedback from colleagues from within and outside of Compliance function

Demonstrating positive team culture and firm compliance culture

Timely and high quality reporting and planning

Positive impact on key stakeholders

Clear, effective and timely communication

Remain aware of relevant industry and regulatory developments

Job Specifications

Core Competencies:
Strong analytical and investigative skills

Excellent communication skills (verbal and written)

Technical

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 an understanding of the types of products, services, and transactions that are typical for the Branch

Knowledge of BSA/AML regulations and prior BSA/AML-related experience

Knowledge of Banking and Securities rules and regulations

Understanding of regulatory environment and current issues/challenges

Microsoft Office Suite (Word, Excel, PowerPoint)

Comfortable speaking in a group setting

Ability to articulate thoughts in a clear and concise manner

Ability to interact with all levels of employees (including senior management)

Capable of working independently

Ability to exercise proper judgement and recommend solutions

Ability to learn how to use and perform work using internal Bank systems related to AML/OFAC and Bank

Ability to interact with all levels of management

Development Value:
Roles within AML or Business Line Compliance function.

Qualifications:
Essential:
Bachelor’s Degree

Prior Audit, Compliance or Risk Management experience (preferably 5-7 years)

Desirable:
Professional certifications including, e.g., Certified Anti-Money Laundering Specialist (“CAMS”), Certified Fraud Examiner (“CFE”) or Certified Internal Auditor (“CIA”)

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 5-7 years of financial industry regulatory compliance, operating in a matrixed environment, with increasing responsibility.

Good knowledge and understanding of banking laws and regulations. Basic understanding of securities laws and regulations preferred.

Experience in developing and implementing effective compliance policies, programs and procedures, including training programs and training content.

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

Ability to handle sensitive situations in a confidential and professional manner. 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