Leads a team of professionals that direct and drive initiatives that are managed centrally within WM Compliance including (i) leading efforts to support WM Compliance staff in performing their responsibilities in relation to regulatory, strategic, and reporting initiatives that are cross-WM Compliance in their application; (ii) acting as a centralized compliance resource to identify synergies across line of business-specific compliance programs and develop best practices; (iii) acting as a subject matter expert and thought leader on a targeted initiative impacting one or more Compliance pillars, such as a regulatory examination or issue, or strategic initiative; and (iv) acting as a primary liaise between WM Compliance and WM Headquarters (Primary BUCO and Director of Regulatory Programs), other corporate support areas on matters with cross-WM Compliance impact, and in particular on ongoing implementation of the Enterprise Compliance Program (“ECP”).
A. Regulatory Initiatives
Assume a central role in identifying and supporting required changes to the independent compliance function resulting from regulatory and business initiatives that are cross-WM in application, with a view to driving best practices and common approaches, and integrating ECP components consistently;
Lead and coordinate efforts to conduct a current state assessment of the treatment of a discrete issue in WM or of a compliance program component or control against best practices, industry standards and regulatory requirements, and develop and coordinate recommendations for enhancements;
Information share within WM Compliance (in partnership with Legal as applicable) on significant regulatory developments that are cross-Wealth in application;
Consolidate regulatory compliance reporting on issues of common application.
B. ECP Implementation
Champion ECP implementation, including:
- Acting as a centralized point of contact to the Compliance Risk Program Office (“CRPO”) team;
- Driving consistency in approaches to ECP implementation in WM Compliance through centralized guidance and by administering a WM-specific ECP forum; and
- Providing periodic reporting and analysis to the CCO, WM using CORE extracts to illustrate progress and maturity of ECP implementation in WM;
Coordinate training with CRPO to ensure ECP awareness among WM Compliance staff and BUCOs; and
Lead project efforts within WM Compliance toward achieving ECP milestones.
Be a centralized contact to any enterprise initiatives to update Compliance reporting templates;
Lead efforts to continuously enhance OGL reporting, including improvements to format, presentation, and messaging and to make reporting processes more efficient and effective;
Prepare OGL reporting guidance; and
Drive other cross-Wealth compliance reporting initiatives, including reporting requests from other areas of LCCG.
Support WM CCO’s annual planning process;
Be the primary contact for the WM HQ regulatory program leaders;
Build an effective and productive relationship with WM HQ regulatory program leaders, with a view to coordinating between the First and Second Lines on initiatives that are managed or championed centrally, including ECP-related initiatives;
Coordinate and deliver continuing education, including administering substantive compliance learning; and
Coordinate and promote enterprise initiatives within WM Compliance.
E. People Leadership
Provide effective, dynamic and innovative leadership to a team of compliance governance professionals, taking responsibility for the development and performance of staff, and ensuring that they are supporting the team’s objectives;
Allocate team resources to initiatives that align with and further the team’s objectives.
Sound and thorough understanding of the regulatory framework, requirements and issues affecting WM lines of business, particularly securities registrants, SRO (self-regulated organization) and investment fund regulation;
Thorough understanding of the “three lines of defence” model of regulatory compliance.
10+ years of securities related experience
Strong ability and aptitude to lead and team and projects
sound legal and regulatory interpretation skills;
superior drafting skills, including policies and procedures and executive reporting;
superior oral and written business communication skills;
strong analytical, problem-solving and presentation skills;
experience distilling complex issues and information into concise and meaningful messages;
leadership and facilitation skills;
ability to lead, coach and direct a team of diverse compliance professionals and build effective relationships.