Compliance Analyst Job Description Samples

 Compliance Analyst Job Description 1: 

• Monitors activities of assigned area(s), typically of the largest and most complex nature, to ensure compliance with applicable internal policies and procedures and external regulations, including monthly, quarterly and annual account and activity reviews. 
• Review and analyze compliance monitoring reports and other related source documents for suspicious/unusual patterns of activity. Follow-up with responsible area for explanations and discussions for appropriate action.
• Provide support to assigned areas on compliance-related issues, including account opening, registrations matters, and form review for compliance with applicable regulations.
• Participate in compliance reviews, projects and training efforts; act on behalf of senior management, as required.
• Provide guidance to less experienced compliance personnel on regulatory matters, as appropriate.
• Promote an environment that supports diversity and reflects the HSBC brand.
• Discharge the accountabilities set out in the Compliance Officer Handbook by proactively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture. 
• Apply compliance; internal and operational risk controls in accordance with HSBC or regulatory standards and policies; report issues and operational loss events.
• Abide by human resources and other HSBC policies in support of our ethical and respectful work environment.  
• Complete other responsibilities, as assigned.

 

Decision-Making

• The position makes decisions regarding implementation of existing compliance policies and procedures to satisfy regulatory requirements and Group compliance policies affecting assigned businesses and makes recommendations for changes in policies and procedures. The position monitors the activities of the assigned businesses on a risk-based approach to identify higher compliance risks and assist business in remedial solutions. Decisions beyond assigned authority are referred to higher management for approval.

 

Additional Information

• Primary focus is to ensure ongoing compliance with MFDA rules and other applicable regulations by conducting head office trade reviews, monitoring HIFC branch activities and providing branch compliance support.
• The position addresses compliance matters in daily activities to ensure regulatory requirements and operating practices are followed in assigned areas. While ultimate authority for more complex compliance risk management and policy decisions rest with higher management, the position will manage day to day compliance risk and make recommendations to higher management on enhancement and solutions.
• Many of the businesses supported entail a high degree of regulatory compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of XXXXX with the public and may result in regulatory impediments to mergers and acquisitions and significant regulatory sanctions, including regulatory fines of material amounts.
• The position routinely interacts with management for assigned businesses, regional and local compliance functions, peers throughout the organization and examination officials conducting regulatory examinations.
• Some travel may be required, as appropriate.

 

Work Environment

• Open office environment. Some travel within Canada, limited travel outside Canada.

 

Qualifications and Requirements:

• Bachelor’s degree in business, finance, accounting, related field or equivalent experience.
• Minimum of three years proven audit, compliance, financial services operations and/or regulatory experience, or equivalent. 
• Proven interpersonal, organizational, communications, analytical and project management skills.
• Thorough knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas.
• Proficiency with personal computers and pertinent mainframe systems and software packages.
• Knowledge of products, services, operations and systems for assigned areas.
• Mutual Funds and Branch Managers Course (IFIC, ICB or CSI). CFP or financial planning knowledge is considered an asset.  
• Registered with MFDA and with all current courses and /or licenses, qualifications, knowledge and experience of Mutual Funds.