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Compliance Monitoring Manager

  • Location: London
  • Sector: Compliance
  • Salary: £600 - £650 per day
  • Job type: Contract/Interim/Temporary
  • Date posted: 09/10/2017
  • Job reference: 28053

Key responsibilites:

  • Own and undertake the annual Compliance Risk Assessment used to inform and drive the rolling Compliance Monitoring Plan. For example, to ensure appropriate consideration of SYSC 8 outsourcing rules and requirements.
  • Own and undertake a quarterly refresh of the rolling Compliance Monitoring Plan for submission to the Audit and Risk Committee (ARC) to ensure that the Plan remains on track and is appropriately risk based.
  • Own and ensure that all tests detailed in the Compliance Monitoring Plan are completed on schedule, to the required compliance standards and appropriate audit records to a re-performable standard are maintained.
  • Own and manage the relationship with outsourced Internal Audit (IA) to ensure an appropriate delineation between the 2nd and 3rd line and ensure that both functions have complimentary respective monitoring plans (avoiding duplication and overlap).
  • Conduct off-site visits to complete testing and other tasks, liaise with all outsource functions, Divisions and outsourced providers/partners (as appropriate) on remedial actions needed and ensure re-testing is completed on an agreed schedule and to robust standards.
  • Be responsible for and ensure all compliance monitoring is tracked and monthly reports are provided, including a commentary on progress, for inclusion in the regular Compliance reports to the Board, the ARC and EXCO.
  • Ensure that all compliance matters handled conform to the Bank's policies.
  • Perform such other ad hoc duties that may be required as part of ensuring that the Bank has a robust overarching compliance monitoring framework that is working effectively.
  • In performing any of the roles required of the position ensure that full and proper consideration is taken of Conduct Risk, SYSC 8 and TCF requirements, as may be amended from time to time.
  • Build, enhance and maintain relationships with key stakeholders and Divisional Heads within the Bank.

Skills required:

  • An understanding of compliance issues.

  • The ability to communicate clearly, both verbally and in writing, with all staff and stakeholders of the Bank as well as external bodies.

  • The ability to draft reports in a clear and concise manner, suitable for the Bank's senior management and external distribution.

  • Attention to detail and strong analytical skills.

  • The ability to prioritise workloads effectively, operate under pressure and deliver on agreed deadlines.

  • The ability to work individually and as part of a team.

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