Compliance Senior Principal - Promontory


June 10, 2021

Promontory Financial Group (“Promontory”), an IBM Company, is a global leader in strategy, risk management, and compliance consulting. Promontory excels at helping clients resolve critical issues, particularly those with a regulatory dimension.
Our unique domain expertise, combined with IBM’s world-class technology, allows us to resolve challenging national and cross-border issues in banking, securities, commodities, financial instruments, markets, digital assets, and insurance.
Promontory professionals have unparalleled regulatory experience and insight, and provide our clients with frank, proactive advice informed by best practices and regulatory expectations.
Promontory is a leading strategy, risk management, and regulatory compliance consulting firm focusing on the financial services industry. Our professionals, with deep expertise gained through decades of leadership at regulatory bodies, Fortune 100 corporations, and consultancies, help entities understand and implement global and national financial services regulation and risk and governance practices, and operate effectively.
Your Role and Responsibilities
Promontory is seeking a Senior Principal with demonstrated expertise in consumer regulatory compliance to join its Compliance Practice Group. As a Senior Principal you will support Directors and Managing Directors in helping banks and other financial institutions address compliance risk management challenges or legal or regulatory issues related to compliance with consumer laws and regulations.
Primary Duties And Responsibilities:
  • Manage and deliver on engagements or engagement workstreams while demonstrating strong leadership, subject matter expertise, quality in delivery, and management of budgetary resources.
  • Review and analyze client written materials, such as policies, procedures, and governance artifacts.
  • Interact comfortably with and present findings and recommendations Executive Management of clients.
  • Contribute to business development activities with new or existing clients, including development of new service offerings and solutions.
  • Analyze legal or regulatory requirements, including as developed through administrative or judicial proceedings.
  • Develop reports on U.S. and global financial regulatory developments.
  • Travel as required to client sites in the United States and internationally. Time spent traveling is at least 30 percent.
  • Performs additional duties as assigned.

Required Technical and Professional Expertise
  • Assess, design, enhance, and implement compliance risk management programs, including policies, procedures, methodologies, and technologies related to the following:
    • Compliance risk assessment;
    • Regulatory change management;
    • Monitoring;
    • Testing;
    • Issue management;
    • Complaints management;
    • Compliance risk appetite statements, measures, and metrics; and
    • Reporting.
  • Demonstrated subject matter expertise in consumer laws and regulations applicable to financial services organizations and products, including Unfair, Deceptive, or Abusive Acts or Practices (“UDAAP”).
  • Proven leadership ability with a commitment to quality in execution and delivery.
  • Experience planning, managing, and executing day-to-day aspects of engagement activities, including project and resource plans, budgeting and invoicing, execution methodologies, deliverables, and presentations.
  • Superior analytical, writing, and editing skills.
  • Ability to communicate effectively within all levels of the organization.

Preferred Technical and Professional Expertise
  • 9+ years working in compliance risk management at a financial institution(s), consulting/accounting/law firm(s), and/or government agency.
  • Track record working in an unstructured environment where engagement leaders are expected to identify and develop innovative solutions to client challenges.

About Business UnitFounded in 2001 by Chief Executive Officer Eugene A. Ludwig, former U.S. comptroller of the currency, Promontory became a wholly owned subsidiary of IBM in 2016.
Operating at the intersection of strategy, risk management, technology, and regulation, Promontory helps clients achieve their business goals through designing and implementing strategic initiatives, performing key functions, and managing regulatory, operational, and financial risks. We are a trusted partner to both financial and non-financial corporations and governing bodies. We work with boards of directors, senior management, business-line leaders and compliance professionals to help improve functions and business results.
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Location StatementIBM offers a wide range of resources for eligible IBMers to thrive both inside and outside of work. In addition to a competitive benefits program consisting of medical and life insurance, retirement plans, and time off, eligible employees may also have access to:
  • 12 weeks of paid parental bonding leave. Family care options are also available to support eligible employees during COVID-19.
  • World-class training and educational resources on our personalized, AI-driven learning platform. IBM's learning culture supports your restless attitude to grow your skills and build the depth and scale of knowledge needed to achieve your career goals.
  • Well-being programs to support mental and physical health.
  • Financial programs that empower you to plan, save, and manage your money (including expert financial counseling, 401(k), IBM stock discount, etc.).
  • Select educational reimbursement opportunities.
  • Diverse and inclusive employee resource groups where you can network and connect with IBMers across the globe.
  • Giving and volunteer programs to benefit charitable organizations and local communities.
  • Discounts on retail products, services, and experiences.

We consider qualified applicants with criminal histories, consistent with applicable law.
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