Compliance Assurance/Controls Manager

ZipRecruiter; London; On-site; GBP 100,000 - 125,000; Full time

Job description

Job Description

Manage and deliver high quality Compliance Reviews / Independent Testing and controls in a timely manner across capital markets business lines throughout Europe.

Subject matter expert on any control subjects on the given areas of expertise.

Look for opportunities to continuously improve the Independent Testing and Compliance Reviews methodology and engage proactively and effectively with key stakeholders.

Key Responsibilities

1. Control planning:
   1. Contribute to the planning of independent testing and control execution, using the Risk Control Self-Assessment (‘RCSA'), incidents and other available information (e.g. regulatory watch, newsletters).
   2. Take ownership of allocated sections of the testing plan.
2. Control execution:
   1. Lead and drive forward the allocated program of risk-based thematic, transversal, targeted and desk focused Compliance reviews / Independent Testing or 2LoD control execution primarily across banking activities within EMEA as set out in the Compliance Review/ Independent Testing Plan.
   2. Challenge the 1 LoD control framework including control applicability, design, methodology (for sampling and rating) as well as other factors to ensure that the compliance risk articulated in the key objectives of the Generic Control library (GCL) or the Central Control Library (CCL) is appropriately mitigated.
   3. Deliver Independent Testing and Controls within the deadlines set to the expected standards and leave sufficient time for manager review prior to reporting deadlines.
   4. Maintain an audit trail for all work carried out during the control testing, reporting and Action Plan stages.
   5. Prepare a high-quality detailed report concluding the work done during the review outlining key findings and agreed remediating actions.
   6. When required, provide guidance to other team members at Assistant Vice President, Associate or Analyst level to help them carry out their work.
   7. Share and discuss control and Independent Testing results with Compliance and Business stakeholders and proactively manage challenge.
   8. Liaise with all necessary senior key stakeholders to inform, influence and achieve mutual agreement of any recommendations raised during the review with allocated assignees.
   9. Analyse submitted evidence by Action Plan Owners to ensure evidence is sufficient for Team Manager(s) to accept closure.
   10. Escalate significant issues and challenges identified promptly to the Team Manager and the Head of CCC, with proposed solutions.
3. Control reporting:
   1. Take ownership of the team’s reporting tasks when required.
   2. Record Independent testing and controls results and action plans in the reporting tools.
   3. Assist in the design, preparation and presentation of Management Information.
   4. Coordinate and consolidate reporting of control results with other controllers and teams.