Job Description

Volcker Central Office Professional

 

The Team

The Volcker Central Office oversees Clients Enhanced Compliance Program, as required under the Volcker Rule.  The Volcker Rule, part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is a multi-agency regulation that covers all of the Firm’s global operations including but not limited to Institutional Securities, Investment Management, Wealth Management, and related control and infrastructure functions.   The VCO ensures that the Enhanced Compliance Program is designed, implemented, and enforced in accordance with regulatory requirements, liaises with traders, trading desks, and regulatory agencies, and provides program updates and reporting to the Board and Senior Management.

 

Responsibilities

The Volcker Central Office Professional is responsible for data analysis and documentation, preparing materials for Business Unit stakeholders and Senior Management, performing periodic monitoring and reconciliations to ensure program effectiveness, and other related tasks in support of the Enhanced Compliance Program. Specific tasks may include:

  • Monitor for changes in business activity and organizational structure that may impact trading desk assessments and profiles
  • Analyze control reports and processes for timely resolution of exceptions
  • Prepare materials for periodic meetings with Business Unit stakeholders and Senior Management, including the annual CEO Attestation
  • Track deliverables related to internal and external program reviews
  • Perform data analysis and prepare materials in response to requests from internal testing/audit teams and from regulators
  • Analyze monthly Volcker metrics data to identify trends, themes, and further enhance supplemental metrics
  • Assist in periodic training of Firm employees on the Volcker Rule and Clients Enhanced Compliance Program
  • Provide ad hoc program support, as needed

 

Skills Required:

  • Strong analytical, communication, and project/program management skills
  • Proficient in MS Excel and PowerPoint
  • Data analysis/reconciliation, monitoring and surveillance, including handling of sensitive data
  • Candidates must be self-motivated, independent, responsive, and organized
  • Experience in financial services and/or compliance/regulatory risk a plus

 

Skills Desired:

  • Knowledge of or interest in learning regulatory requirements under the Volcker Rule and financial markets and products more broadly
  • Proficient with MS Access, SQL/Visual Basic for Applications (VBA), Tableau
  • Drafting of Policies and Procedures