The role holder will be required to support Senior Managers in assessing the effectiveness of assigned financial crime and/or regulatory compliance 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 internal procedures and templates, and meet quality control requirements.
Ensure that assigned control assessments are delivered on time, in accordance with the 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 Senior Managers in fulfilling their CTU responsibilities as required, including planning forthcoming reviews, drafting issues, contributing to the development of procedures and templates.
Determine innovative ways of testing controls in a precise and efficient manner, harnessing analysis of data where possible.
Be attuned to the political, management, operational, regulatory and reputational implications of particular decisions and courses of action. Managing the demands of the multiple and diverse aspects of the role.
Assist management in development of controls and systems and influencing the way in which business is conducted in order to manage these risks.
The role holder will be required to lead on assigned control assessments.
The role holder will be required to provide clear and pragmatic guidance to the testing team.
The role holder is required to work with considerable autonomy, dealing with issues for which there is no obvious solution while still being able to provide judgment and clear direction.
Knowledge and Experience
Minimum of 6 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.

Compliance Testing

Job Description

Required Skills