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CrossCountry Consulting · 5 months ago

Director, Regulatory Risk - Financial Services

Boston, MA

Full-time

Hybrid

Director/Executive

$178K/yr - $356K/yr

15+ years exp

CrossCountry Consulting is a trusted business advisory firm specializing in Accounting Advisory, Business Transformation, Risk & Compliance, Cybersecurity, and Technology Solutions. As a Director, you will lead client engagements to develop and implement risk and compliance programs in the Financial Services sector, guiding clients through the evolving regulatory landscape and ensuring adherence to industry standards.

AccountingConsultingFinanceRisk Management

Growth Opportunities

Responsibilities

Work with Financial Services (FS) clients to understand their risk strategy, transformation opportunities and regulatory challenges

Lead client engagements to develop, implement risk and compliance programs in line with FS regulatory guidance including designing and implementing frameworks, operating models, policies, processes, and procedures in compliance with regulatory requirements for clients across the 3 lines of defense

Provide guidance, insights and strategic planning support to client business units on issues related to FS Risk Transformation, remediation and compliance with regulatory guidance across financial and non-financial risk areas

Perform risk program gap analysis & maturity assessments including recommendation & prioritization reporting

Collaborate with clients to drive the design/Rationalization & testing of business process controls and outputs for compliance with applicable laws and regulations

Monitor applicable Financial Sector U.S. Federal and State regulations, stay up to date on industry trends and emerging risks

Contribute to add-on/cross sell revenue generation with existing clients and develop business with new clients

Remediation of regulatory findings/issues across non-financial and financial risk areas

Provides thought leadership to executive audiences

Deliver effective presentations & training across all levels of an organization as required

Strong knowledge of the following regulatory reports and regulatory metrics: Deep expertise in Banking and Capital Markets

Solid understanding of US and State Regulatory Agencies (e.g. OCC, FDIC, FRB, SEC, CFTC etc.)

Advanced knowledge of multiple risk management disciplines, strategies, regulations, controls, procedures and processes Experience leading the design/execution of risk assessment frameworks and methodologies to identify, assess, measure, monitor and control non-financial and financial risks

Experience monitoring regulatory trends

Experience developing risk metrics and reporting and Issues Management

Account management: oversee client engagements, maintain strong relationships with senior client personnel, and have a solid understanding of clients’ business

Coaching and Development: provide coaching and training opportunities for team members leveraging individual skills and the firm’s people first culture

Recruiting and Retention: take an active role in attracting, interviewing, hiring and retaining top talent

Thought leadership: share expertise in technical domain(s) with team members and clients, including case studies, white papers, learning materials, and other resources

Serve as a key leader in our Risk Advisory practice by guiding and directing strategic firm initiatives around ERM and Regulatory operations, process and technology capabilities

Actively pursue business development opportunities and market a full range of risk and compliance services to prospective clients including using existing relationships to generate new opportunities

Foster culture of growth and a business development mindset and act as a thought leader in the market

Sales, Delivery, Solution Development and Practice Leadership across the following focus areas: Regulatory reporting transformation including Federal Reserve, FDIC and OCC

Remediation of regulatory risk matters encompassing liquidity, interest rate, credit and operational risks

Design and implementation of financial and operational risk platforms

Capital markets and trading operations and reporting

Operating model assessment and design and Risk Management Framework assessment and design

Qualification

Risk ManagementRegulatory ComplianceFinancial ServicesRisk Assessment FrameworksBanking RegulationsRegulatory ReportingBusiness DevelopmentCoachingDevelopmentThought LeadershipCommunication

Required

15+ years of applicable consulting and delivery around Risk & Regulatory strategy and transformation projects, specifically as it relates to Risk Management program enhancement, regulatory remediation and Compliance

Prior experience in professional services (public accounting or advisory firm), preferably at a large, global accounting firm or with a management consulting firm

Experience in LFI, enhanced prudential standards, resolution/recovery planning and various Basel Accords

Solid understanding of applicable regulations (e.g. SR 16-11, SR 11-7, FFIEC, DFAST/CCAR etc.)

Experience in regulation impact analysis and the strategic implementation of new and evolving requirements

Knowledge of technology and GRC data solutions to support

Strong knowledge of commercial/retail banking and capital markets products (e.g., Commercial/Retail Loans, Interest Rate Derivatives, Fixed Income Securities, Repo, etc.)

Excellent communication and presentation skills

Willingness to travel domestically up to 20%-30% (varies by client)

Availability to work on client site or in office 3 days a week, with 2 days remote (hybrid environment)

Bachelor's degree (or higher) in Accounting, Business, Finance, Information Systems, or other technical disciplines