First Data Director, Compliance Practices Program in Jersey City, New Jersey
First Data is a global leader in commerce-enabling technology solutions, serving more than six million business locations and 4,000 financial institutions in 118 countries around the world. Our 23,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,300 transactions per second and $1.9 trillion per year. First Data is committed to staying at the forefront of our industry, and we are innovating a wide range of next-generation commerce technology solutions to help our clients better detect fraud, gain insights into consumer spending patterns and build customer loyalty. There are many exciting opportunities for talented individuals who would like to join our team and play a meaningful role in helping us shape the future of global commerce.
First Data’s Shared Services organization, which includes the Human Resources, Finance, Legal, Marketing, Communications, Finance, Strategy, Compliance, Legal, Security, Sourcing, and Properties functions, supports our mission to drive our clients’ success with industry-leading solutions, consultative advice and service. The Shared Services teams align with our customer-facing teams in a model that drives consistency, yet also provides the flexibility needed to meet unit-specific goals. Our Shared Services employees bring the domain expertise that helps First Data retain and grow our base of owner-associates, drive profitable growth, navigate complex channel partnerships, and build First Data’s brand equity.
_Compliance Monitoring & Testing Program_ * Support the strategic development and tactical implementation of a Three Lines of Defense model for Corporate-level global regulatory compliance programs, developing and maintaining a risk-based compliance monitoring and testing program to assess implementation of effective compliance risk management practices and controls by first line operational management. * Work with Line of Business (LOB) Compliance to establish the compliance monitoring framework, methodologies, and standards for conducting compliance monitoring projects. * Monitor and mitigate risk exposure by identifying activity that poses potential for significant regulatory and/or reputational damage. Communicate findings and recommendations to management, determine root causes, obtain management’s action plan for remediation, and track findings through resolution. * Periodic metric reporting of monitoring and testing activities to management. * Plan, direct, and review work completed by the Compliance Monitoring team to comply with departmental methodologies and standards for planning, fieldwork, and reporting. * Assist in the support of regulatory exams and internal audits related to the Compliance Monitoring & Testing Program. * Develop and implement specialized risk assessments as needed, collaborating with LOB Compliance and business mgt. * Demonstrate ability to exercise good judgment in assessing the significance and relevance of identified compliance risks. * Develop and mentor staff, including career development, and provide guidance on policies, procedures and training.
_Program Mgt. - Compliance Training & Policies_ * Program Director of First Data’s Global Compliance Training and Compliance Policy Mgt. * Maintain company standards and framework for the development of Global Compliance Training and Policy Mgt. * Work with LOB Compliance, Human Resources and other organizational stakeholder SMEs in the development and execution of new or revised training and policies * Coordinate with company vendor to assist in the development and scheduling of Global Compliance training in close coordination with LOB Compliance and other relevant stakeholders * Provide assistance and compliance guidance to training and policy owners.
Job Requirements * CPA, CIA, CIPP, CAMS, CRCM, CFE or other applicable professional certifications desired. * Minimum of 8 to 10 years of relevant Compliance Auditing or Regulatory Compliance management experience in consumer financial services or payment services organizations with multiple financial products, or a regulatory agency or law firm involving payment services compliance. * Minimum of 3-5 years of experience in a management/supervisory position. * Bachelor's degree, emphasis in general business, Business Administration, Accounting/Finance or Business Law, or equivalent field. Graduate or law degree helpful. * Substantive experience in Three Line of Defense compliance model helpful. * Substantive understanding of the payment processing industry or retail/commercial financial products/services and of various regulations within the banking/financial services industry, including anti-money laundering and money transmission; GLBA, OFAC; Foreign Corrupt Practices Act; Fair Credit Reporting Act, Regulation E and similar consumer protection laws; etc. * Strong, effective communication, both oral and in writing; must be a strong, decisive, bottom-line and action-oriented manager of people and projects who can obtain results. * Understanding of best practices in the compliance field. * Proven track record of complex problem solving and decision-making ability. * Excellent analytical, project management and interpersonal skills. * Effective leader, who is self-motivated, possesses a strong work ethic and is a demonstrated team player. * Computer proficiency, specifically Microsoft Office products (Word, Excel, PowerPoint, SharePoint, etc.).
First Data is an Affirmative Action – Equal Opportunity Employer (Minorities/Females/Vets/Disabled/LGBT) First Data provides equal opportunities to all employees and applicants for employment without regard to sex, race, color, religion, marital status, national origin, age, genetic information, sexual orientation, gender (including gender identity/expression), disability, veteran status and military status, pregnancy or pregnancy-related medical conditions, or any other factor that may be protected by law.
Title: Director, Compliance Practices Program
Location: New Jersey-Jersey City-Jersey-101 Hudson Street
Requisition ID: 2294740