Regulatory Capital & Reporting / DFAST Compliance Advisor


General Information
$50.00 - $100.00 /Hour
4 Year Degree
Contract to Hire
5 to greater than 15 years
Not Specified
Job Description v  This is Contract-To-Hire work to begin immediately.

v  The work will be onsite in one of several markets to include: CA, MA, NY, CO, UT, WA, OR, TX, NC, GA or VA. Preferred locations are CA, MA, NY, or CO.

v  Interviews are immediate.


Banking client seeks Regulatory Capital & Reporting Compliance Advisor for a senior position in the Corporate Compliance Department that will report directly to the Deputy Chief Compliance Officer. Primary responsibilities will include providing advice to the first line of defense regarding regulations pertaining to CCAR, DFAST, and Regulatory Reporting Requirements. The advisory function is critical to keeping management informed on the laws, rules and standards applicable in this area.  


The Regulatory Capital & Reporting Compliance Advisor is specifically responsible for advising business leaders across the organization on regulatory requirements, emerging regulatory risks, and on regulatory considerations with respect that business line.  Additionally, the Advisory function provides training tailored to the business unit.  The Advisory function regularly communicates, in writing and verbally, to the business unit on regulatory requirements.  Further, the Compliance Director participates with members of the Corporate Compliance Department to produce and update an enterprise-wide Compliance Risk Assessment and he or she monitors, evaluates and reports on proposed regulatory changes potentially effecting the organization.


About Solomon Edwards Group Consulting

Solomon Edwards is a specialty consulting firm that offers our clients customized consulting solutions, ranging from fully managed, on-site delivery solutions to independent consultant engagements. We help our clients solve their critical business issues by providing seasoned, targeted consulting expertise tailored to our client's unique needs.



Due to the fast paced nature of the regulatory and business environments, the position requires the ability to quickly adapt to change and to multi-task various assignments. The individual must be able to provide compliance guidance that balances both regulatory requirements while meeting business objectives. The individual will exercise judgment within defined procedures and practices to determine appropriate action.


·         Provide subject matter expertise with regard to relevant laws and regulations to business units. Must be able to identify applicable compliance requirements, and articulate those requirements to the business unit.

·         Collaborate with international colleagues to implement enterprise-wide programs, and ensure consistency in standards.

·         Communicate with business partners verbally, and in writing, regarding regulatory expectations. This includes providing advice and guidance to the first line of defense on its controls to reduce the inherent risk.  

·         Partner with the business unit in preparation for internal audits and examinations, including any remediation resulting from audits and exams.

·         Develop reporting metrics for Senior Management to show insight into the state of compliance for Regulatory Capital & Reporting, and monitor business unit metrics.

·         Participate and provide effective challenge to the Risk and Governance team on the Fraud, Compliance, and AML risk assessments.

·         Provide guidance to business units on changes to new products, services, and geographies.

·         Develop enterprise-wide compliance policies, and review business unit procedures that support the enterprise-wide policy.

·         Review and provide training to the business unit on Regulatory Capital & Reporting requirements.

·         Provide recommendations for implementing controls and other risk mitigation measures to addresses existing and emerging risks as well as related regulatory requirements.

·         Evaluate the business unit processes and controls to identify vulnerabilities and provide recommendations for developing controls.


Job RequirementsRequired Background

·         Minimum of 5-7 years of banking, risk management, or audit experience with a minimum of 5 years of experience related to financial crimes or compliance management processes.

·         Demonstrate strong knowledge of financial crimes risks and the prevention and mitigation processes and controls.

·         Knowledge of the risk and governance standards such as COSO framework, and the OECD and Basel Corporate Governance Principles.

·         Familiarity with fraud and fraud related regulations such as CCAR, Regulation D, FRB Reporting and DFAST.

·         Knowledge and experience of working with fraud tools and technologies in a banking/financial services environment that may relate to detection tools, investigation tools, and case management systems.

·         Must have understanding how fraud risk affects and integrates with SOX framework, operational risks for CCAR, and ERM frameworks.

·         Excellent written and verbal communication skills.

·         Strong understanding of the Compliance Management Systems and the regulatory frameworks that apply to financial institutions.

·         Good understanding of regulatory requirements that apply to the financial services sector and banking operations.

·         Ability to assess processes to identify key controls.

·         The individual will need the ability to work independently, take initiative and have strong verbal and written communication skills.

·         Good time management and attention to detail are critical to this position.

·         Good analytical, research, organizational, and project management skills. Strong individual contributor with the ability to work effectively as a team.

·         Flexibility in learning new topics, handling change and deadlines

·         Familiar with corporate governance standards.


SolomonEdwards an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation or protected veteran status.