Global Head of Monitoring and Testing

Posted 22 days ago
Main Location
Baltimore, MD, United States
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A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives.We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job.If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

ROLE SUMMARY

This position is a leadership role responsible for developing and implementing a Global Compliance Risk Assessment and a Global Testing and Monitoring Program across the compliance department.   This role will create a vision and framework to assess regulatory risk, create an independent risk- based testing program and develop a monitoring program to oversee business activities. This position will partner with compliance SMEs across the department as well as technology partners to leverage data, analytics and automation to implement an efficient and effective monitoring and testing program. This position will be responsible for driving governance and discipline across risk assessment, testing and monitoring. This is a new role and will collaborate, negotiate and influence compliance partners across the department to develop a consistent global framework.

RESPONSIBILITIES

Risk Assessment and Testing

  • Develop, implement and manage the compliance risk assessment and testing program
    • Develop global compliance risk assessment focused on regulatory risk by region, legal entity and business line
    • Collaborate with key compliance partners to develop the methodology for risk assessment
    • Assess potential technology tools to maintain the risk assessment and testing documentation as well as workflow capabilities
    • Responsible for managing the risk assessment process each year and applicable reporting
    • Create management reporting around key risks and testing highlights
    • Develop standardized testing framework to conduct compliance tests.
    • Work with the compliance SMEs to develop a global testing plan each year taking in to account the key risks identified in the risk assessment
    • Responsible for creating standardized work paper and recommendation follow-up
    • Develop the reporting and tracking of the global testing plan and any test findings initiatives
    • Coordinate with the senior compliance and legal team on the development of key initiatives for the testing program
    • Collaborate with business partners to understand the control environment and develop recommendations and action plans
    • Gains commitment from key stakeholders for plans, coordinates resources, and ensures successful execution using a consultative and partnering approach
    • Coordinate with colleagues in risk and audit to share test plans, results and risk areas

Global Monitoring Program

  • Develop, implement and manage a global monitoring program
    • Create a vision for a global monitoring program utilizing data analytics and automation
    • Develop monitoring to assist SMEs in overseeing business processes
    • Implement governance, reporting and discipline around these programs
    • Work with the innovation lab to determine if there are any use cases to enhance the monitoring program
    • Review and analyze all automation requests with an eye towards determining efficiency and synergies across the team and the firm
    • Work collaboratively with technology partners to prioritize, identify innovative ways to solve compliance issues, monitoring opportunities, increase efficiency and effectiveness
    • Assist with technology implementations, change management initiatives, process improvements

QUALIFICATIONS

Required

  • College degree and 10+ years related work experience
  • Excellent oral and written communication skills
  • Strong knowledge of the  global regulatory environment
  • Self-directed and able to perform assignments independently; demonstrates pro-active approach and is flexible with change; can effectively lead a cross-functional team
  • Ability to multitask and prioritize workload with very little to no direction in order to effectively manage competing priorities in a fast-paced environment
  • Strong customer service, collaborative, interpersonal, leadership skills; able to maintain working relationships with internal clients at various levels, including senior leaders
  • Solid attention to detail, strong problem solving, organization, coordination, and critical thinking skills
  • Ability to identify workflow challenges and propose and implement creative solutions
  • Ability to effectively consult and partner with stakeholders
  • Solid understanding of compliance technologies and data analytics

Preferred

  • Change Management experience
  • Experience with data analytics
  • Ability to assist in setting strategic priorities - Identify areas where the Head of Global Compliance may direct focus and identify metrics for success. Monitor and evaluate progress.
  • Ability to expand the Team’s Bandwidth and Resources - Integrate into the organization quickly and assess organizational structures, processes, issues that are not operating effectively for the team or our clients.
  • Highly proficient in MS Excel and PowerPoint
  • Relationship Builder – Build strong relationships with the team reporting into the Head of Global Compliance and other key partners across the organization to influence outcomes.
  • Ability to Create Operational Dashboards - Create and update dashboards of key performance indicators for the monitoring and testing programs.
  • Ability to monitor information flow: Gatekeeper to ensure proper escalation and involvement of the senior team or Head of Global Compliance.

Job Family: Regulatory Advisory Compliance

Track and level: KM5

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

Mission
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Global Head of Monitoring and Testing
T. Rowe Price