Compliance Monitoring, Testing and controls - CIB - £65,000 - £80,000

Monitoring and Testing

• Support of the M&T program in London and Ireland.
• Input into the development and maintenance of the UK and Ireland Compliance testing reviews methodology and associated procedures.
• Maintenance of the UK Compliance annual and multi-year testing plan.
• Creation, maintenance and review of the UK Compliance monitoring log and review of the effectiveness of the monitoring.
• Under the oversight of the Senior Manager M&T, plan and conduct desk-based compliance reviews to assess the effectiveness of policies and procedures to identify potential compliance gaps.
• Under the oversight of the Senior Manager M&T, on completion of any review agree a clear plan of action for resolution of all identified issues within agreed timescales and ensure that all issues are resolved as agreed.
• Track, assess and report on the status of remedial action identified within reports until resolved/concluded.
• Instigate reviews and investigation into regulatory queries and alleged rule breaches.
• Complete appropriate trend analysis and ensure that findings are clearly communicated.
• Under the oversight of the Senior Manager M&T, Conduct appropriate inquiries and investigations to ensure that appropriate corrective actions and/or risk mitigation actions are implemented in a timely manner or are escalated.
• Under the oversight of the Senior Manager M&T, Ensure any findings of the testing undertaken are clearly communicated to the Head of Compliance (HoC) and/or senior management of the business divisions as appropriate.
• Contribute to internal Compliance databases such as iRCM, Openpages and any other relevant systems as required.
• Under the oversight of the Senior Manager M&T, Complete monthly management information for the status of the testing plan and the finding/action items in line with the M&T Program requirements as well as additional local management information requested by the HoC.

Regulatory

• Keep abreast of UK and European legislation and regulatory developments and assist with the preparation of regulatory change reporting to keep management up-to-date on relevant legal and regulatory developments.

Policies, Procedures and Controls

• Support of the UK Compliance Testing Plan and Reviews Procedure. Co-ordinate input from other members of UK Compliance.
• Assist with the formulation of new processes and/or systems to strengthen the controls environment Europe businesses operate within.

General

• Ensure prompt escalation of compliance issues.
• Maintain compliance knowledge through appropriate training and monitoring of emerging regulatory, legal and Group initiatives and requirements.

Key Skills

• Proven relevant compliance, audit or regulatory testing experience in a financial institution.
• Intermediate knowledge and understanding of securities/banking rules, regulations, by-laws, policies and procedures.
• Intermediate knowledge of UK and European GBM&T business, regulatory principles and products
• Experience of multiple stakeholder management at mid-senior management level, including stakeholders from the business as well as third party organisations

General Competencies

• Good understanding of the firm’s business practices, organizational structure, policies and procedures
• Strong written and global communication skills
• Good project management skills
• Strong analytical skills and a keen eye for detail
• Capable of simultaneously handling multiple tasks and meeting stringent deadlines
• Well-developed interpersonal skills in order to provide a high level of service and maintain working relationships with assigned client groups and team members
• Able to recognize and handle sensitive and confidential information
• Self-motivated, confident and capable of working both independently and in a team environment
• Superior planning, organizational and time-management skills
• Results oriented and high achiever
• Reliable, consistent and disciplined
• High level of integrity
• Tactful, diplomatic and politely persistent
• Advanced knowledge of MS Office and software tools as applied to the position.