Regulatory Compliance Head

about the Role:

The Regulatory Compliance Head is primarily responsible for overseeing and managing compliance within an organization, ensuring that the company and its employees are complying with regulatory requirements, policies, and procedures. The head is the architect & steward of the enterprise compliance strategy, structure, and processes. As the compliance leader and subject matter expert, the head is responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable rules and regulations. The head has to provide reasonable assurance to Senior Management and the Board of Directors that there are effective and efficient policies and procedures in place, well understood and respected by all employees, and that the company is complying with all regulatory requirements. 

Job Description:

Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct. Manages day-to-day operation of the Program.Develops and periodically reviews and updates Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.Collaborates with other departments (e.g., Risk Management, Internal Audit, Employee Services, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution. Consults with the Corporate attorney as needed to resolve difficult legal compliance issues.Responds to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations.Acts as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated, and resolved.Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.Provides reports on a regular basis, and as directed or requested, to keep the Corporate Compliance Committee of the Board and senior management informed of the operation and progress of compliance efforts.Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.Establishes and provides direction and management of the compliance Hotline.Institutes and maintains an effective compliance communication program for the organization, including promoting (a) use of the Compliance Hotline; (b) heightened awareness of Standards of Conduct, and (c) understanding of new and existing compliance issues and related policies and procedures.Works with the Training Development Unit and Resource Management Unit and others as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.Monitors the performance of the Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.Appointed as the Anti-Money Laundering Compliance Officer to be registered with the Anti-Money Laundering CouncilPerforms other related activities which may be prescribed to the role by the Immediate Supervisor

Qualifications:

Educational Background and Credentials/Professional Licenses

Bachelor’s Degree in business, finance, or corporate management

Work Experience

At least 5 years in a corporate setting in a similar role preferably in the real property industryKnowledge and experience in regulatory complianceOrientation with AMLA policies preferred

Behavioral

Superior attention to details to identify and correct risky practicesExcellent communication skillsCollaborative personality/ open to suggestionsStrong knowledge of industry protocols and best practicesExcellent analytical skills and ability to accurately interpret complex documents and policiesStrong time management and organizational skillsStrong moral code and sense of ethicsEager to learnAdaptable, can deal and operate with ambiguity