The role of the Compliance Monitoring Manager is to provide independent regulatory risk assessment of businesses within the bank.
Key responsibilities will include:
ASSESSMENT
Consideration of a variety of inputs to implement and maintain a risk-based Compliance Monitoring programme throughout the bank Examples of the inputs: Regulators' themes and priorities, Regulatory Risk Universe and previous Compliance intelligence/experience, business focuses and initiatives, media interest.
STAKEHOLDER ENGAGEMENT Maintenance of the annual Monitoring plan through direct engagement with key stakeholders Examples include: Quarterly Risk Universe forum, socialisation of Monitoring Plan with key senior stakeholders and Quality Board; monthly meetings with AML & Sanctions Team Regular engagement with other Risk and Control functions to enable adequate oversight and assessment of regulatory risk Examples include: Internal Audit; AML team; Credit Risk
METHODOLOGY
Applying a range of monitoring tools and selecting those which best achieve the objectives of the monitoring review
Examples include: desk-top analysis, review of Management Information, staff and management interviews, live observations, "mystery shopping".
Production of reports Making senior management aware of the monitoring findings and the remediation actions to which the business has committed - specifying the owner of each action, what must be achieved and the due date for completion.
GOVERNANCE AND CONTROL Recognising the materiality of identified issues and the extent of potential customer detriment Examples include: defined risk ratings within Monitoring procedures, "four-eyes" sign-off process applied to Terms of Reference and reports, formal close-out meetings and appeals process
Who we're looking for
Driven, competent candidate with exposure to compliance and monitoring within retail banking
About our client
International bank with exciting opportunities in the monitoring department
What's on offer
Competitive Package on offer
Michael Page Contact For further info, apply or phone on 0207 645 1419. Job Ref: 13212411 Your application will be sent to Sumrana Saleem.
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