Regulatory Control Advisor

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Regulatory Control Advisor
The candidate will conduct compliance reviews under the direction of the Americas Head of AFC and Compliance Testing in order to assess and review compliance with legal, regulatory and internal firm policy requirements applicable to DWS products and services in the Americas. Develop testing modules and conduct testing across all DWS Americas business activities to evaluate adherence to regulatory requirements and compliance risks. Maintain solid working relationships with Business Line AFC and Compliance, Front Office, Operations, Group Audit, and other control groups throughout the region. Participate in developing a review work plan based on the results of the annual compliance risk assessment, in consultation with the Americas Head of AFC and Compliance Testing, Regulatory Adherence, and Business Line AFC and Compliance management. Ensure the review work plan addresses regulatory priorities and that reviews are designed to meet applicable regulatory guidance. Advise team members with respect to applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations. Identify AFC and Compliance risks inherent in a business or process and assess whether a control framework is in place to manage these risks or whether any existing control framework adequately manages the risks. Determine the root cause of issues and develop effective remediation plans to mitigate the risks. Escalate potential issues and exception items noted during the review process to senior management for discussion and further investigation if deemed necessary. Prepare and distribute reports to senior management detailing review findings and recommendations. Periodically report on significant activities conducted and planned for the upcoming period. Ensure that all findings and recommendations are entered into AFC and Compliance Testing’s Issue Tracker for tracking purposes and perform required follow-up of open issues to ensure proper resolution. Meet with senior management in AFC and Compliance, the business, and other control functions to provide an overview of significant risks and control gaps. Assist the team in drafting periodic reports to senior management and regulators, as well as in various other ad hoc projects. Some travel may be required. BA or BS Degree required. JD, MBA, or Master’s Degree a plus. Should have strong knowledge of regulations governing financial institutions including the rules and regulations of the FRB, FINRA, SEC, NFA, and CFTC; knowledge of asset management-related products and services (e.g. broker-dealer, investment advisory, fixed income, and equities). A background in compliance testing, audit, or risk is a strong plus. Strong business writing skills. Some travel may be required. Should have relevant experience with a financial services firm within Legal, AFC, Compliance, Operations, or Audit and/or regulatory organization in a role that relates to financial services; ability to understand and interpret various laws, regulations, and policies; background in compliance testing or audit are strongly preferred; excellent interpersonal and communication skills with the ability to interact effectively with internal and external stakeholders, including regulators and senior management; strong analytical and investigative skills; strong problem-solving skills including the ability to identify the root cause of issues; strong organizational and project management skills and attention to detail; ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines; ability to apply knowledge of regulations to numerous types of activities and operational arrangements in addition to interpreting the effect of new regulations on these activities.

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