Job Title: Senior - Compliance and Risk Analyst
Job Summary
The Senior Compliance and Risk Analyst plays a pivotal role in safeguarding the organization against regulatory risks and ensuring adherence to compliance standards. This position is responsible for leading compliance initiatives, conducting advanced risk assessments, and providing strategic advice to management regarding regulatory obligations. The ideal candidate will possess extensive expertise in various regulatory frameworks and demonstrate the ability to develop and refine risk management strategies that align with the organization's objectives. This role requires a proactive approach to identifying potential compliance issues and implementing effective solutions to mitigate risks, ensuring the organization operates within legal and ethical boundaries.
Key Responsibilities
- Lead compliance audits and ensure adherence to internal policies and external regulations, identifying areas for improvement and implementing necessary changes.
- Develop comprehensive risk mitigation plans and oversee their implementation to minimize potential regulatory risks.
- Communicate regulatory risks effectively to senior leadership and board members, providing insights and recommendations for risk management strategies.
- Design and implement internal controls and compliance monitoring processes to ensure ongoing compliance with applicable regulations.
- Oversee investigations into compliance breaches, enforce corrective actions, and ensure that lessons learned are integrated into future compliance practices.
- Evaluate and enhance compliance training programs to ensure all employees are informed of their responsibilities and the importance of compliance.
- Manage relationships with regulatory bodies and external auditors, ensuring effective communication and collaboration during audits and assessments.
Skills and Knowledge Required
- Extensive knowledge of compliance frameworks such as FISMA, HIPAA, and GLBA.
- Strong leadership and project management skills with the ability to drive compliance initiatives across the organization.
- Experience in regulatory reporting and risk analytics, with a focus on data-driven decision-making.
- Advanced understanding of cybersecurity compliance and its implications for organizational risk management.
- Excellent negotiation and stakeholder management skills, capable of influencing and guiding diverse teams.
Educational Qualifications
- Bachelor’s or Master’s degree in Compliance, Finance, Risk Management, or related fields.
- Advanced certifications such as CRISC, CCEP, CISSP, or CISM are preferred.
Key Focus Areas
- Leadership in compliance and risk strategy development.
- Development of enterprise risk management frameworks tailored to organizational needs.
- Regulatory change management and corporate governance best practices.
Experience
- 6+ years of experience in compliance, risk management, or auditing, preferably in regulated industries such as banking, healthcare, or telecommunications.
Tools and Equipment
- Enterprise Risk Management (ERM) software for tracking and managing compliance risks.
- Regulatory compliance databases for monitoring changes in regulations.
- Cybersecurity risk assessment tools to evaluate and mitigate cybersecurity risks.
Other Requirements
- Ability to provide executive-level reporting and insights, translating complex regulatory information into actionable strategies for senior management.