Compliance Associate
The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general supervision, this job assists team members with identifying, investigating, and reporting compliance risks.
Key Responsibilities and Duties
- Supports compliance risk assessments to identify compliance issues, concerns, and deficiencies.
- Assists with investigations in response to complaints and/or potential violations of rules, regulations, policies, and procedures.
- Supports organization and implementation of compliance audits.
- Assists with the design and implementation of corrective action plans to resolve problematic compliance issues and to ensure that compliance deficiencies are corrected.
- Drafts reports on the results of compliance and ethics initiatives of the business unit.
- Maintains documentation of compliance activities to provide a record of issues, and to ensure easy accessibility and retrieval of documents.
- Assists with the implementation of preventative measures and compliance processes, while contributing to the revision of policies and procedures to improve the general operation of business unit compliance programs as needed.
Educational Requirements
- University (Degree) Preferred
Work Experience
- 2+ Years Required; 3+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
6IC
This position is responsible for executing Compliance Testing on behalf of Nuveen and any of its US-based subsidiaries. Compliance Testing is performed pursuant to Nuveen Compliance Testing Procedures and in accordance with a Compliance Testing Plan. The Compliance Tester will conduct testing throughout the lifecycle of a review, including planning, fieldwork, and detailed reporting. Track any identified issues through to closure. Work closely with Testing Manager, business partners, and stakeholders throughout the review process.
Key Duties & Responsibilities:
The following duties are generally representative of the nature and level of work assigned and are not necessarily all-inclusive.
- Execute testing in accordance with the Nuveen Compliance Testing Procedures
- Assists with performing all phases of compliance testing activities, including data collection, documenting applicable risks and controls, developing testing scripts, and documenting and tracking issues and observations
- Monitor, tracks, design and implements corrective action plans to resolve control issues and to ensure that compliance deficiencies are corrected
- Participate in meetings with line of business and compliance partners
- Perform tests of design, tests of effectiveness, and compliance assessments to assess compliance controls
- Prepare work papers to support work performed and update test status in Archer
- Work with Line of Business and Compliance stakeholders to track open issues through to closure
- Validate issues submitted for closure
- Assist in drafting reports based on test work performed
- Complete all testing timely and in accordance with established procedures
Management/Leadership Responsibility:
- NA
Budget Responsibility:
- NA
Impact of Role
- Internal Business
Area of Impact - Own team, Business, Clients
Skills Required
- High level of motivation and ability to work independently or with team members at all levels
- Must be extremely detail-oriented with an inquisitive nature, and possess sound judgement while operating with utmost integrity
- Strong organizational and problem-solving skills, along with the ability to conduct research utilizing a variety of resources. Must be comfortable issue spotting and reporting
- Strong time management, analytical skills, and ability to formulate, develop and execute testing will be critical for success
- Must have strong written and oral communication skills to interact effectively with business partners and colleagues
- Comfortable leading in a high performance, fast paced, high-pressure environment, and have exceptional partnering skills as teamwork and collaboration are highly valued
- Demonstrated ability to prioritize tasks and deliver on commitments
Functional Knowledge Required
- Experience in a financial services firm in a Risk or Compliance function; asset management, Compliance Testing, and/or regulatory experience a plus
- Knowledge of US-based regulatory requirements, particularly SEC and FINRA regulation
- Experience with general testing principles and techniques
- Strong Microsoft Office skills (Word and Excel / pivot tables) and experience with Archer a plus
Job Requirements And Qualifications:
Required Education:
BA/BS
Preferred Education:
Masters
Required Experience:
3-5 years
Preferred Experience:
3-5 years
Hiring Preference
Shall be supporting US client, typically working hours :
(3 PM IST to 12 AM IST)
(3.30 AM CST to 11:30 AM CST)
Required Licenses/Certifications:
Other
Related Skills
Adaptability, Business Process Understanding, Compliance, Compliance Trends, Critical Thinking, Detail-Oriented, Influence, Relationship Management, Risk Monitoring, Strategic Thinking
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Company Overview
TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We 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 protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: [email protected]
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