Vice President, Country Compliance and Operational Risk Manager

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This job is responsible for ensuring the identification, escalation, and timely mitigation of compliance and operational risks in Merrill Lynch Securities Indonesia and any other countries covered, in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures. Key responsibilities include proactively engaging with other Compliance and Operational Risk (COR) officers, including Enterprise and Independent Areas of Coverage, to provide comprehensive oversight of Front Line Unit (FLU)/Control Function (CF) activities and preparing materials for COR regulatory exams/audits/inquiries. Job expectations may include providing assistance to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries and Money Laundering Reporting Officer responsibilities.

Responsibilities:

• Leads the execution of the Global Compliance and Operational Risk (GCOR) Program in the country, delivering each element on time, and to the required standard, including the effective review and challenge of Front Line Units and Control Functions
• Provides independent country Compliance and Operational Risk (COR) reporting to GCOR senior leaders, country and regional management, and legal entity management via established governance and management routines
• Understands and maintains knowledge of compliance and operational risks in the country and represents GCOR on country senior management and legal entity governance forums, reporting on current state, and escalating issues or concerns, including the communication of emerging compliance and operational risks
• Engages with local regulators, participating in meetings between business leaders and regulators and supporting responses to regulatory inquiries on COR functions
• Ensures maintenance of a comprehensive regulatory inventory for the country, including identification and assessment of law, rule and regulation changes affecting activities in the country, advising business leaders of relevant changes, directing appropriate actions by impacted COR teams, and review and challenge of the overall implementation plan to meet new requirements
• Ensures Compliance and Operational Risk “owned” issues (i.e., Internal Audit, Regulator, and Self-Identified issues) are addressed appropriately and timely in the respective country

Required Skills:

• Attention to Detail
• Interpret Relevant Laws, Rules, and Regulations
• Regulatory Compliance
• Risk Management
• Written Communications
• Active Listening
• Critical Thinking
• Influence
• Issue Management
• Policies, Procedures, and Guidelines
• Decision Making
• Monitoring, Surveillance, and Testing
• Negotiation
• Process Management
• Relationship Building