MetLife AVP, Head of Compliance Testing, Monitoring, and Risk Assessment in New York, New York
Position : AVP, Head of Compliance Testing, Monitoring, and Risk Assessment
Job Location: 200 Park Ave or Tampa, FL
Department: The Corporate Ethics and Compliance Department (“CEC”) manages the firm’s compliance risks to prevent violations of law, rule, or regulation, and designs and delivers a compliance risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. CEC is a risk-based department, focused on emerging risks, and providing constructive challenge to the business and functions, partnering closely with them to implement strong processes and effective controls, as well as to better foster and embed a culture of compliance. CEC monitors trends and changes in regulations and develops and implements firmwide and divisional policies and procedures.
The Role : The AVP, Head of Compliance Testing, Monitoring and Risk Assessment will be responsible for managing the Compliance Risk Assessment and Testing & Monitoring groups, reporting directly to the firm’s Head of Enterprise Compliance Programs. This role will drive, in partnership with Operational Risk, the implementation and evolution of the non-financial risk framework into a sustainable first line owned capability with meaningful insight into risks and controls. This individual will play a critical role in developing the view of compliance risk and the methodology for evaluating and prioritizing compliance risk within the non-financial risk framework, driving the requirements and overseeing the implementation, measurement, and monitoring of a CEC risk appetite statement and the quarterly trigger framework to help businesses and functions develop effective strategies and controls to mitigate their compliance risks. Additionally, this role will lead the development of an enhanced framework for CEC testing and monitoring activities across the enterprise, helping to create a testing and monitoring plan that is strategic, risk-based and scoped effectively.
The role will be responsible for thought leadership and global coordination, as well as oversight and reporting regarding compliance risk. In addition, the role entails people management, understanding of global requirements and influencing across the enterprise to evolve the existing compliance framework. The individual will also be responsible for identifying opportunities and driving enhancement, ensuring consistency in the implementation of the framework and acting in a global capacity.
In this role, the candidate will be responsible for operationalizing the compliance risk framework, standards, and processes, including:
Develop the view and methodology for evaluating and prioritizing compliance risk within the non-financial risk framework
Drive the requirements and oversee the implementation, measurement, and monitoring of CEC’s risk appetite statement and trigger process
Drive the implementation of the non-financial risk assessment in partnership with Operational Risk
Build and implement an integrated strategy for risk-based testing, monitoring, and surveillance to assess the adequacy of 1st line controls
Maintain the annual global CEC testing and monitoring plan, including the coordination of a biannual refresh and reporting on testing and monitoring results to senior leaders
Enhance and maintain guidelines for testing, monitoring, risk assessment, and issue management activities
Identify and implement training as needed on compliance risk management
Develop, maintain and (as needed) present materials describing the compliance risk management framework to senior audience including, but not limited to, Functional / Business Leads
Serve as an influential member of the CEC organization, driving solutions across lines of defense
Be highly organized with strong written and verbal communication skills, maturity and presence to interact with members of MetLife’s senior leadership
Demonstrate key leadership behaviors:
Influencing actions across MetLife business units by fostering global communication via interactions across lines of defense
Interacting with senior line of business and Enterprise leaders to drive action and address key compliance risks faced by MetLife.
Reports to: SVP & Head of Enterprise Compliance Programs
Direct reports/team : 4-5 direct reports, team of 8-10
Key Stakeholders : Leadership across Compliance, Risk, Audit, Technology and the Business
Essential Business Experience and Technical Skills:
Minimum 10 years of experience in related business (insurance/financial services) in compliance, legal, audit or related role
Experience with testing and monitoring or risk assessment processes in a regulated, global financial institution
Proactive, commercial and solutions oriented, intellectually curious, operates with a sense of urgency
Excellent written and verbal communication skills
Ability to coordinate across lines of business and organizations to influence actions
Extensive industry experience, with strong compliance background
Ability to identify risks and apply strategies to minimize them
Ability to manage complex projects to a successful outcome
Ability to navigate complex and competing goals and interests to achieve results
Organized with excellent attention to detail
MetLife Success Principles
Experiment with Confidence – Courageously learn and test new ideas without fear of failure
Act with Urgency – Demonstrate speed to action with agility and determination
Seek Diverse Perspectives – Source ideas and feedback to expand thinking and make informed decisions
Seize Opportunity – Drive responsible growth and identify areas for continuous improvement
Champion Inclusion – Foster an environment where everyone is valued, heard, and can speak up
Create Alignment – Partner with others across the organization with candor and transparency
Take Responsibility – Be accountable and act in pursuit of the right outcomes
Enable Solutions – Anticipate and address obstacles while managing risk
Deliver What Matters – Execute meaningful priorities and follow through on commitments
MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
We are one of the largest institutional investors in the U.S. with $659.6 billion of total assets under management as of December 31, 2020. We are ranked #48 on the Fortune 500 list for 2020. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”
MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.
We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to email@example.com or call our Employee Relations Department at 1-877-843-3711.
MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
MetLife maintains a drug-free workplace.
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