Regional Head of Core Compliance, North America - 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:
Context of Job:
The Regional Compliance Department is responsible for regulatory compliance and anti-money laundering controls for Rabobank’s activities in the United States, Canada, and Mexico. The prime regulators are the DNB in the Netherlands where Rabobank is headquartered, the Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, the New York State Department of Financial Services, the CFTC, the OCC, SEC and FINRA in the U.S. and the local regulatory authorities in Canada (OSFI, OSC, IIROC) and Mexico (SHCP, CNBU and Banco de Mexico).

The businesses Rabobank engages primarily in within North America are Wholesale Banking activities (New York Branch), Retail (Rabobank N.A.), Rural (Rabobank Agri Finance) and Leasing (De Lage Landen). Further legal entities include the New York and Canadian branches, Mexico Rep Office, Rabo Securities USA, Inc., the broker-dealer, Utrecht-America Holdings, Inc., the bank holding company, and other U.S. entities.

Key Responsibilities and Accountabilities:
Supporting the Chief Compliance Officer, North America in:
Promoting the vision for compliance for North America in line with the SR08-8 requirements

Supporting the local compliance officers in regional wide initiatives including e.g.

Target Operating Model Roll Out and Implementation

Compliance Quality Assurance Preparation

Cross Regional Impact Assessments

Group Compliance Projects which have regional effect

Reporting / Management Information

Managing the compliance framework and increasing cooperation amongst the North America compliance network (e.g. dialogue sessions, identification and sharing of best practices, etc.)

Implementation of Global and North America compliance policies and procedures

Overseeing the local Compliance functions in North America to ensure compliance with applicable regulations and regional/global minimum standards.

Maintaining relationships with senior management in the locations in North America and the MT-members of WRR

Escalating issues within the Compliance line and to senior management and supporting the resolution of the issues.

Overseeing that the Local Compliance functions have adequate resources both quantitatively and qualitatively.

Co-ordinating key communications within North America including developments and changes with respect to the compliance themes and compliance framework

Providing independent advice to local compliance functions and being readily available for to answer questions/queries

Promoting and providing training and awareness, where required

Overseeing, as required, communication with regulators on key compliance matters and the reporting of incidents / suspicious activities.

Networking internally and externally to keep fully appraised on compliance activities and changes in regulation etc.

Act as secondary in the absence of the Chief Compliance Officer, North America

Your Profile:
Job Requirements:
Bachelor’s degree (or equivalent) and graduate degree preferred, minimum 10+ years of financial industry regulatory compliance experience across international borders, operating in a matrixed environment, with increasing responsibility. Strong knowledge and understanding of banking laws and regulations. Basic understanding of securities laws and regulations. Experience in developing and implementing effective core compliance programs including risk assessment, regulatory library, control registers, testing and monitoring design, and effective management reporting. Strong cross-cultural, interpersonal, oral and written communication skills. Ability to handle sensitive situations in a confidential and professional manner.

Strong functional management skills and demonstrated ability to motivate people and influence results

Demonstrated ability to identify and analyze issues, and think critically to resolve problems; formulate decisions from diverse facts and information with organizational sensitivity, and deal with ambiguity

Must be able to communicate concisely and clearly, and tailor communications on complex issues to the size and nature of the internal or external audience.

Must have ability and experience in working with multidisciplinary teams to perform requisite tasks, including Business, Risk, Legal and IT/Information Security professionals

Strong change management skills

Excellent understanding of the relevant rules and regulations for compliance theme areas.

Role requires a minimum of 10+ years of relevant experience, in the area of compliance.

Ability for planning and control of department and timely delivery of key products for business and regulators

Strong analytical qualities

Ability to project manage/process manage the key projects in the department

Ability to present to the Board/Senior Management level

Pragmatic hands-on approach to issues

Ability to know when and how to inform senior management – strong influencing and negotiating skills

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

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 .