Corporate, Subsidiary, and Regional Managing Offices
Job Type:
Full Time
Job Location:
St. Croix
Minimum Education:
Juris Doctoris (JD)
Career Level:
Manager
Minimum Experience:
5 Years
Salary Range:
. 110000 to 125000/Per Year
Job Description:
OVERALL RESPONSIBILITIES:
Reporting directly to the General Counsel, the Compliance Counsel will be primarily responsible for proactively assisting in protecting the company’s legal and regulatory interests, maintaining its operations within the scope established by law, and ensuring the company develops and delivers products and consumer experiences which are in full compliance with all applicable laws and regulations.
SPECIFIC DELIVERABLES
Responsible for identifying and analyzing legal and regulatory issues, presenting clear recommendations, and assuring compliance in the twenty one (21) areas (see Attachment) affecting consumer financial
Assess and advise on current and emerging legislative/regulatory/policy.
Keep abreast of relevant laws, regulations, and supervisory guidance. Educate management on best practices in compliance, legal requirements and industry trends
Inform management, clients and related parties of new and modified compliance requirements
Manage, develop and maintain compliance management programs for the company, coordinate licensing and reporting
Continually asses effectiveness of overall compliance and ethics programs
Review and update policies, procedures and disclosures as needed for adherence with applicable laws and
Manage the development of compliance-related policies and procedures
Create and maintain company standards related to higher risk products, services, and
Ensure documentation and training materials are current to minimize risks
Perform or coordinate compliance reviews and risk assessments on existing and new programs and initiatives
Perform on-gong evaluation of third parties, including vendors, clients and partners requiring enhanced oversight
Participate in offsite and onsite due diligence reviews of key third party service providers
Review marketing programs and materials for adherence to regulatory requirements and Company standards, providing guidance and advice as needed to bring the materials into compliance
Oversee compliance monitoring and testing to ensure that activities are completed in accordance with approved schedules. Identify appropriate corrective action when needed and follow up to ensure corrective action is implemented
Serve as the compliance resource in the area of product development, including preparing and reviewing program documentation
Provide corporate governance support
Manage the contract compliance initiative
Build and maintain close working partnerships with internal and external clients to ensure they seek advice and counsel when needed on compliance issues
Partner with clients to develop solutions and recommendation to meet compliance needs
Train internal and external clients on compliance requirements through a variety of methods including one on one or staff meetings, webinars, memos, educational presentations, and providing guidance on specific situations
Prepare and present compliance reports and executive summaries of compliance activities including concerns, issue trends and patterns, etc. and discuss recommendations for initiating additional controls and audits as needed
Assist in the management of compliance-related audits and examinations. Gather relevant documentation as requested, meet with auditors to respond to questions, prepare audit responses as needed, and implement actions recommended by auditors and examiners
Perform legal research and analysis of data related to compliance practices, policies and procedures
Perform other related duties as assigned
REQUIRED SKILLS AND ATTRIBUTES:
Active listening: giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and engaging in productive, respectful dialogue
Analytical thinking: synthesizes complex or diverse information; collects and researches
Written communication: effective in writing as appropriate for the needs of the
Verbal communication: talking to others to convey information effectively
Critical thinking: using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
Leadership: motivates others to perform well; effectively influences actions of others; accepts feedback from others
Project management: coordinates projects; communicates changes in progress; completes projects on time. Track record of advancing strategies to completion
Problem solving: identifies and resolves problems in a timely manner; gather and analyzes information skillfully; develops alternative solutions
Reading comprehension: understanding written sentences and paragraphs in work related documents
Social perceptiveness: being aware of and understanding others reactions
Ability to rapidly assimilate information
Demonstrated record of developing innovative and workable solutions to complex legal problems which enable commercial objectives
A personal orientation to personal and professional growth
Comfortable with driving and managing change
An orientation to team work and success
Skills Required
REQUIRED QUALIFICATIONS:
Attorneys considered for this role must either be (i) licensed to practice law in the US Virgin Islands, or (ii) licensed to practice law in at least one state and be eligible for admission as in house counsel pursuant to Virgin Islands Supreme Court Rule
At least 5 years of experience in a business environment in counsel capacity or comparable law firm experience working in the compliance area
Ability to identify risks and propose alternative structures to mitigate risks
Excellent analytical research and documentation writing skills as demonstrated by past draft examples
Ability to handle multiple complex projects
Solid understanding of the various business processes
Working knowledge of business software such as Microsoft Word, Excel, PowerPoint, Outlook
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