Senior Compliance Analyst

at  ADP

NOTE TO ADP ASSOCIATES

An associate must be in his/her current position for a minimum of 18 months to apply for any internal openings. He/she must inform their manager have they been invited for a second interview.

POSITION SUMMARY:

The Senior Compliance Analyst role is to ensure the International Money Movement

(IMM) compliance with Sarbanes Oxley’s act, Service Operational Controls (SOC

• ISAE3402, CSAE3416 and SSAE16) and internal audit compliance assessment,

adherence and review. IMM areas, typically of the largest and most complex nature,
are reviewed to ensure compliance with applicable internal policies and procedures
and external regulations.
The compliance requirements and industry issues should be identified in order to
develop solutions that meet compliance and business requirements. The Senior
Compliance Analyst interacts with various levels of the business unit, Management,
Legal Counsel and counterparts in other divisions globally.
As part of this role, it is important to ensure the effective operation of selected
compliance programs, which may include Regulatory Compliance Management,
Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Canada’s Anti-Spam
Legislation and other regulatory compliance functions.

QUALIFICATIONS:

• Minimum of five years proven audit, compliance, financial services operations and/or regulatory experience, or equivalent.
• Additional training or certification in Internal Audit, Legal or Compliance specialty highly preferred.
• Understanding of internal ADP systems, proprietary bank software and transmission protocols, Money Movement or Banking are essential.
• Comprehensive understanding of financial transactions as they relate to banking processes.
• Ability to understand functional processes and make improvements to reduce redundancies and costs.
• Proven interpersonal, organizational, communications, analytical and project management skills.
• Proficiency with personal computers and pertinent mainframe systems and software packages.
• Ability to influence a wide audience with no direct reporting authority
• Maintain and develop strong relationships with key business stakeholders
• Exceptional negotiation skills. Strong leadership skills as a lead or individual contributor role.
• Strong analytical skills, ability to work under pressure and strong customer service skills.
• Strong verbal and written communication skills. Excellent organizational skills.

EDUCATION:

• University degree. Bachelor’s degree in business, finance, accounting, related field or equivalent experience.
• Preferred qualification: Master’s Degree or Certification. Certifications can include: Internal audit certification, certified public accountant, certified anti-money laundering specialist

• Monitor, control and correct key compliance operational processes and transactions. Collaborate with key business units and IT personnel to resolve the process and/or transactional issue. Ensure corrective measures are implemented timely and accurately in order to maintain process and transactional compliance to all regulatory and reporting entities.
• Apply compliance; internal and operational risk controls in accordance with ADP or regulatory standards and policies; report issues and operational loss events.
• Monitor various reports, to identify and document fraudulent activity; report such activities to the Compliance Officer, government agencies via Suspicious Activity and Currency Transaction reporting and ADP Global Security.
• Identify, develop and /or oversee all regulatory and reporting requirements related to Federal, Provincial, local agencies, Fintrac, Financial Conduit Authority (FCA), Australian Securities and Investments Commission (ASIC), FinCEN, Sarbanes Oxley, ISAE3402, CSAE3416 and SSAE16. Provide compliance and risk integration expertise for product changes, acquisition and/or new money movement products to ADP.
• Participate in the Enterprise Risk Management meetings and the work required with the action items to minimize the Global Money Movement and Compliance risks with the focus on the International Money Movement (core and non-core).
• 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.
• Review the overall compliance activities for International Money Movement and Compliance products. Monitors all current and proposed regulatory and legal changes and develops appropriate course of action to ensure compliance. Implements policies and procedures that support regulatory and legal changes. Collaborates with all products.
• areas along with Corporate Audit and Legal Departments. Oversees and identifies all pertinent reporting requirements.
• Analyze activity and trends to mitigate risk of loss to ADP; determines appropriate financial actions and/or workflow processes and works with third party vendors, Regulatory agencies, Internal Business Stakeholders and Clients to ensure minimal or no negative impact to ADP.
• Consult with Internal Business stakeholder, Third Party Vendors, Regulatory Agencies, and Industry Governance organizations which may lead to development and implementation of required procedures and reporting and develops business requirements for system development with IT and other supporting organizations.
• Provide compliance integration expertise for all product changes and acquisition for the international money movement products.