Why join us?
Compliance Assurance controls testing are responsible for determining the effectiveness of the Group’s financial crime and regulatory controls, independent of Control Owners (who are responsible for day-to-day monitoring). Compliance Assurance covers all Financial Crime (FC) and Regulatory Compliance (RC) risk taxonomies (AML, Sanctions, Anti-Bribery & Corruption and Fraud) across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of prioritised FC and RC controls embedded in the first line of defence and those operated by the second line on their behalf, and represents an integrated part of the function in discharging its assurance responsibilities.
Compliance Assurance will deliver controls assurance in an efficient, reliable and independent manner by executing it via a Controls Testing Utility (CTU), domiciled primarily in offshore locations; and scoping, coordinating and overseeing these activities in a globally consistent manner via a Controls Testing Authority (CTA).
What you’ll do:
The role will be responsible for delivering assessments of assigned controls, in accordance with CACT procedures and the Compliance Assurance assessment plan.
The role holder will be required to support the Onshore Compliance Assurance Management team and VPs/AVPs in assessing the effectiveness of assigned Financial Crime (FC) and Regulatory Compliance (RC) controls, identifying and raising issues where control gaps lead to material unaddressed financial crime and/or regulatory/conduct risks.
At a high level, the role holder will be responsible for the following:
- Customise and localise standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.
- Ensure that assigned control assessments are accurate, effective, abide by Compliance Assurance procedures and templates, and meet quality control requirements.
- Ensure that assigned control assessments are delivered on time, in accordance with the Compliance Assurance assessment plan.
- Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
- Manage control owners and other stakeholders, ensuring the success of each assigned reviews, minimising contention where possible and requesting support where deemed necessary.
- Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
- Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.
- Develop and motivate the testing specialists through coaching and on-the-job training, ensuring the successful delivery of assigned control assessments.
- Support the VPs of in fulfilling their responsibilities as required, including planning forthcoming reviews, drafting issues, contributing to the development of procedures and templates.
What you will need to succeed in the role?
- Minimum of 3 years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent.
- Good understanding of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and must be familiar regarding relevant regional laws, regulations and the overall regulatory environment.
- Minimum Bachelor’s degree in related field such as business, finance, law or equivalent experience; Master’s degree preferred.
- Proven organisational, planning, interpersonal, managerial, analytical, problem-solving, decision-making, and team building skills.
- Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines.
- Experience working with local and regional stakeholders and an understanding of global standards of quality.
- Ability to work with different cultural groups and build consensus.
- Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.
- Ability to exercise discretion, work independently within broad guidelines, tactfully handle sensitive and confidential data and complete assignments timely.
- Experience utilising assurance automation and analytics tools preferred.
- Fluent in both oral and written English.
- Proficient with Microsoft Office.
