Compliance Monitoring & Testing Analyst

Randstad Business Solutions ,
London, Greater London
More Details
Job Type: Full-time

Overview

MAIN PURPOSE OF THE ROLE To contribute to the overall success of M&T and its objectives by delivering a risk based programme of second line compliance for the EMEA region. The role includes support of both the Global Head Offices' assurance programmes and EMEA based testing which may also include opportunities to travel to offices located within EMEA. The role may also involve ad-hoc investigations, projects and thematic reviews. You may also be asked to support wider initiatives and undertake other tasks and responsibilities in M&T. As a member of the Compliance Department, you will contribute to: Delivering high-quality and pro-active support to business and operational areas and activities, assisting the firm to do business in the right way and to grow its business-footprint. Ensuring key processes are run efficiently to deliver quality and reliable information, to support the firm's business growth and control procedures. Deliver risk-based assurance to the firm's senior management and the Group through independent challenge and quality reporting. KEY RESPONSIBILITIES For dual hat only In this role, you will be responsible for the compliance monitoring and testing programme across the banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you. You will be expected to contribute to the overall compliance assurance and monitoring framework by: Carry out testing and assurance work with the aim of ensuring that the Firm is adhering to regulatory and conduct standards and to identify any attempt by clients of members of staff of the firm to commit financial crime, market abuse, manipulation, or other breach of rules or regulations. Scoping reviews and developing test programmes for the Bank's business areas. Developing and producing monthly reviews of varying details and complexity Applying judgement and relevant Compliance/Risk understanding to conduct risk based reviews and deep dives of the London business areas to provide assurance over compliance risk to key stakeholders Complete the regular and ad-hoc tasks necessary to complete the reviews, monitoring, testing and/or surveillance and other work which makes up the department's risk based testing programme. Managing and taking ownership of the remediation of compliance issues identified Participate in departmental compliance and conduct risk assessment exercises to help direct the work of the department. Suggesting and implementing changes to standard reviews, testing, monitoring and surveillance as applicable to your tasks and activities As required, assisting in compliance investigations and ad-hoc matters Contribute to the work of the Compliance department in any other ways reasonably expected, including memberships of projects and working groups and assisting with other priorities in the department or group as a whole. Providing MI for Management meetings and Head Office requests and being able to clearly understand and explain how an identified issue increases risk for the bank Regularly meeting with and engaging with key business stakeholders in order to identify key risk areas and refresh the annual risk assessment on a periodic basis Actively participating in current M&T projects looking at for example data analytics, e-comms framework implementation, risk rollout in EMEA and Globally Providing support to both the Bank and Securities Global Head Offices and the EMEA testing programmes Providing support to senior members in the team to help/assist them to carry out risk based reviews or any other project related support. WORK EXPERIENCE Essential: 2-3 years of experience in a Compliance Assurance and Risk testing function or in Financial Services SKILLS AND EXPERIENCE Functional / Technical Competencies Strong relationship management skills, as well as communication (written and oral) with senior stakeholders Effective time management skills, with the ability to produce high quality output and meet tight deadlines Problem solving, analysis and reporting skills Ability to exercise sound judgement, balance risk and practicality to determine appropriate actions/ solutions Ability to scope reviews, create test scripts and complete reviews on time and of excellent quality Strong compliance and/or risk testing experience or knowledge Broad understanding of the FCA Handbooks, Regulatory approaches & OFAC Standards Excellent presentation and interpersonal skills - ability to communicate clearly and concisely both in person and in writing Education / Qualifications Degree level Relevant industry qualifications relating to Compliance and/or Risk preferred, e.g. CISI, CFA (if available) Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003

People also viewed