TIAA Enterprise Compliance Officer - Manager in New York, New York
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
KEY RESPONSIBILITIES AND DUTIES:
Enterprise Compliance Officer
Establishes effective business unit compliance programs to prevent or identify illegal, unethical, or improper business practices.
Key Responsibilities and Duties
Developing, initiating and revising policies and procedures for the general operation of the business unit's compliance program and its related activities.
Monitoring compliance and ethics initiatives of the business unit and providing guidance for the management team on matters relating to compliance.
Identifying potential areas of compliance vulnerability and risk; developing corrective action plans for resolution of problematic issues and providing general guidance on how to avoid or deal with similar situations in the future.
Responding to alleged violations of rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures.
5 Years Required; 7 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
5 years or more of asset management
5 years or more of compliance testing, regulatory and/or audit experience
7 years or more of Archer and TeamMate experience
ADDITIONAL JOB DETAILS:
Role is responsible for executing testing according to the TIAA Enterprise Compliance Testing Program procedures and standards, with a specific focus on the Asset Management businesses within Nuveen. Testing include scoping subject area; identifying risks and associated controls; developing test scripts; analyzing/interpreting findings; documenting issues and observations; drafting reports; tracking remediation of identified issues; and updating the compliance testing tool (TeamMate). Test work will be subject to a manager and/or Quality Assurance review. Testers should be able to work independently and with a high level of professionalism.
Role reports to TIAA Asset Management Testing Director.
Execute testing in accordance with the Compliance Testing Standard Operating Procedures (SOP)
Independently lead and execute reviews from planning stage through tracking business remediation of issues identified, specifically:
Scope subject area and gain understanding of policy/procedures, systems, business practices, regulatory requirements, and industry guidance
Identify key controls and map processes into intelligible workflows for identification of gaps
Prepare test scripts and execute testing plan to evaluate the design and operating effectiveness of controls through assessment of documentation and/or sampling
Analyze and interpret findings
Document work executed, observations and remedial actions in written assessment while maintaining well-organized records which meet internal standards and regulatory requirements
Present testing results to Senior Stakeholders and issue final report
Track the progress and resolution of open issues identified during the course of testing
Validate issues submitted for closure
Complete all testing timely and in accordance with established standards
Update TeamMate and/or Archer systems, as needed
Ability to work with and oversee offshore third-party testing resources who may assist with reviews
- Ability to manage multiple reviews concurrently
*Position is available throughout the US *
Minimum Pay: $92,300.00
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
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Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.