Job Description

Sr Director, Banking & Financial Services Consulting Regulatory Transformation / Reg Tech Advisory Chicago, Dallas, Greater New York (NY, CT, NY, PA) ABOUT US Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant, a member of the NASDAQ-100, is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com. COGNIZANT CONSULTING Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value.  We provide several Business and IT Consulting Services including Business Strategy, IT Strategy & Roadmap Development, Process Re-Engineering & Transformation, Enterprise Architecture & Technology Selection, and Domain Solutions. The Cognizant Consulting team is a high performing organization that is continually expanding our client base and increasingly being recommended by analysts such as Forrester and Gartner. And we’re growing! The Banking & Financial Services Consulting Practice:   At Cognizant, we engineer modern businesses to improve everyday life, and we are seeking people who are passionate about transformation, want to make an impact, and love working together to deliver flawless results for an end-client to join us on our mission. Our Banking & Financial Services (“BFS) Consulting Practice is looking for an experienced advisory business-minded technology and strategy consultant to apply business and technology expertise to develop strategic plans that define how technology can create value for an organization. We design holistic strategies that combine business objectives with technology opportunities that are truly changing the world. We are a high-performing, passionate team that brings world-class expertise in a growing environment that supports our colleagues’ and clients’ highest aspirations. Our team has deep knowledge of evolving trends and the latest advancements in technology, strategy, and management to develop innovation solutions and approaches. As part of our team, you’ll work alongside thought leaders who are committed to maximizing value by conducting rigorous analysis and developing strategic plans for client operating models to address issues and/or seize opportunities. We’ll count on you to do big things, and we’ll be with you every step of the way.   The Role   Our Banking & Financial Services Consulting practice is looking for a Senior Director, Consulting to join us. We solve banking’s toughest challenges, and we’re looking for leaders to join us in this pursuit. This specific role is for an Engagement Lead who can apply their Capital Markets Domain experience in Regulatory Transformation / Regulatory Technology (“RegTech”) capabilities directly to lead and drive large, complex transformations for F2000 clients. To be successful, you’ll need domain specific knowledge, and the complementary transformation experience to apply it to complex engagements seeking to define, design and implement target operating models. From a domain perspective, we’re looking for a business-savvy expert with direct regulatory transformation or substantial risk and compliance exposure in Regulatory Program Transformation leadership roles.  Ideally, you’ll be familiar with: - Large scale business transformation for regulated businesses - Regulatory remediation & compliance - Strategic process improvement, including internal controls design and monitoring - Regulatory, compliance and operational process automation - Audit/Risk data strategies to support second line/third line of defense insights It will also be key to be familiar with various data domains required to support Regulatory Mandates, especially reference and market data infrastructure given trends around electronification of markets, algorithmic trading, and accelerated settlement. Knowledge of at least one Regulatory Framework (e.g., Broker Dealer Rules, Trade Surveillance/Fraud, Trade Reporting – CFTC/MiFID/EMIR, etc.), and the desire to expand your expertise to an additional emerging regulatory landscapes which will address Regulatory Compliance for Digital Assets, ESG, etc. to drive solutions across existing and new business models.  Experience with specific Regulatory Compliance Technology Platforms will also be preferred and useful to aid in development of operating models leveraging Reg Tech partner ecosystems around leading platform solutions (e.g., Regulatory Reporting, Risk Management, Identity Management & Control, Compliance, Transaction Monitoring, etc.).   From a Consulting perspective, we’re looking for an experienced management consultant who can drive functional solutions around Front, Middle and Back Office regulatory and compliance capabilities and consolidation across these areas end-to-end. This is a hands-on advisory role that requires personal leadership, team leadership, and client hand. It’s an exciting opportunity to guide some of the world’s leading banks to solutions that years ago were not thought possible. The knowledge and ability to lead Regulatory driven transformation assessments and studies, package selection activities, and advisory around overall implementation needs and design for the business (i.e., familiar shaping an implementation strategy and full implementation oversight) will be the right mix to step into this role. As a Director, we’re also looking for someone to bring an enterprising mindset, have an eye for sales targets, and be a thought and people leader to continue to add to the value of our practice. We help clients with Operating Model Design, Digital Strategy for better regulatory insights, IT Value Strategy, Technology Innovation and Ecosystems, Cloud Strategy, Enterprise Architecture Strategy & AI Strategy, and more. Our solutions are in demand and we’re passionate about making a difference. If you have experience with the above, are a selfless leader, and are committed to client-facing environment; if you can be thoughtful, proactive, and wise beyond your years; if you want to grow your career with a team that wants to build something great together, we want to hear from you! Apply now! Responsibilities - Serve as an Engagement Manager and Capital Markets Domain Expert in Regulatory Transformation Capabilities; apply Risk, Compliance and Regulatory knowledge to identify, assess, and solve operational business problems for Regulated Business stakeholders’ roles for Banking & Financial Services clients. - Lead the development of solution approach, plan, roadmap, conceptual architecture, Target Operating Models and Standard Operating Procedures for Regulatory, Risk and Controls frameworks implementing technology in banks. This also includes the cost of controls and opportunities to streamline and automate through “STP”, Platform integrations and disruptive tech e.g., AI/ML, Blockchain, Robotics, etc. - Serve as a strong advisory consultant with experience assessing, shaping and transforming operating models from both a business point of view as well as the technology/architecture management.  This is not a technical SME role, but rather a regulatory business-minded role where the needs of the business can be represented as part of key technology initiatives, and controlled to ensure risk appetites are addressed and regulatory compliance mandates achieved. - Interface directly with the client(s); manage through complexity; start with a point of view; assess and drive situations that require rigor and depth analysis of qualitative and quantitative data, some of which maybe incomplete and can proficiently deliver high quality work-products that may include techno-functional presentations, solution approaches - Provide project leadership, direction on support on one or more projects while ensuring quality on all outcomes; Help build, lead, and develop team of onshore/offshore consultants when needed - Contribute to business development through activities such as pre-sales client presentations, research, and writing proposal, RFP responses and SOWs; Identify and support up-sell opportunities and activities - Deeply understand client’s business challenges, and provide thought leadership to the market in addressing these issues - Work proactively to bring the best of Cognizant expertise to their client(s) Qualifications: - 15+ years of experience in a Consulting, Banking, or a Professional Services organization, at least 8 of which include driving engagements for clients - Depth in Banking, specifically in: Regulatory Transformation capabilities, Compliance Program stand-up, Control Framework requirements gathering, design and implementation, Pre-/Post Trade compliance knowledge, trading controls/compliance, etc; Familiarity with data domains required to support Regulatory Compliance and Reporting, especially market data infrastructure given trends around electronification of markets and algorithmic trading and credit risk businesses - Familiarity with at least one Regulatory Framework, and the ability to synthesize new and evolving regulations for developing pragmatic compliance processes.