Senior Compliance Lead

Roles & Responsibilities

• Compliance :
• Assist in developing compliance policies, procedures and job aids
• Assist in the delivery of supporting documents to banking partners and law enforcement agencies who provide subpoenas addressed to Novo
• Coordination with internal departments (if required) to gather subpoena documents
• Develop responses to BBB & Regulatory complaints received, as per procedure
• Develop debrief documents in alignment with compliance issues raised by other departments and internally within the compliance team
• Triage and execute raised compliance issues/enhancements in alignment with regulation, internal policies and procedures
• Perform necessary research to establish an in depth understanding of various US regulations and upcoming changes to determine implication to Novo compliance operations/program
• Monthly reporting / Ad Hoc project(s) support

• Third Party Risk Management
• Handling end-to-end vendor/partner onboarding requests as per TPRM procedure for US and India vendors/partners
• New Vendor/Partner Onboarding
• Non Disclosure Agreement (NDAs)
• Renewals
• Amendment to existing contracts
• Terminations
• As part of procurement review, perform due diligence checks on vendors/partners to :
• Review the vendor/partner request and work with the requester
• Perform Vendor Risk Assessment to assess the criticality level and assign risk rating
• Perform OFAC and negative media screening
• Obtain required documents from the vendor/partner
• Work closely with the requester and vendor/partner to expedite the process
• Perform initial assessment and review of vendor/partner contracts/agreements prior to escalation for Legal and Finance review
• Establish documentation to summarize TPRM profiles for active vendors/partners
• Work with Finance, Legal & Infosec teams for required approvals, scheduling and leading meetings as necessary
• Develop trust and relationship with requestors, including but not limited to business development, product and engineering channels.
• Perform periodic review of vendors to keep the profile up to date :
• Obtain the latest documents by outreaching internal POCs or vendors/partners
• Perform vendor risk assessments & screening (OFAC / negative media)
• Willing to contribute in the new vendor selection process if required
• Manage day to day operational activities by managing daily request, periodic reporting, trackers and applicable third party risk management tools
• Work with Senior Manager of Compliance Strategy to identify and implement enhancement opportunities to TPRM compliance program and applicable systems
• Develop exception reports as required by due diligence reviews performed for Compliance, InfoSec, Legal or Finance

Requirements for the Role:

• Minimum bachelor's degree, preferably in business, economics, finance, or other technical disciplines. Law degree and/or compliance certifications are a plus
• 6-8 years experience working in the financial services/banking industry
• Background working in U.S. markets, in a fintech/tech company, or both
• Comfortable working in the US Shift
• Flexible to contribute as per business requirements
• Work on process improvements, conducting training and develop standard operating procedures
• High attention to detail, ability to oversee critical analytics projects from end to end independently
• Ability to think outside the box, work with limited data, and find solutions to unorthodox problems
• Excellent written and verbal communication skills, which can be leveraged for senior leadership and external party correspondence
• Excellent reading comprehension skills. Ability to understand regulatory and legal language is a plus
• Keen ability to identify potential unforeseen issues and escalate to management with recommendation
• High drive of execution, bring tasks and projects to completion with efficiency
• Ability to thrive in an ambiguous environment and adapt quickly to changing priorities; focused on getting things done in a highly organized way.
• Ability to work cross-departmentally, without the need for extensive hierarchical corporate structure
• An inquisitive and highly detailed oriented work ethic