Compliance Assurance Manager

ZipRecruiter; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading recruitment platform is seeking a Compliance Risk & Assurance specialist to manage compliance monitoring activities and conduct risk assessments. The role includes ensuring compliance with regulations, leading annual assessments, and developing relationships with stakeholders. Ideal candidates will have experience in compliance risk management and strong reporting skills. This position offers opportunities to contribute to policy development and assurance frameworks.

Qualifications

• Experience in compliance risk and assurance activities.
• Ability to lead and execute compliance projects.
• Strong written and verbal communication skills.

Responsibilities

• Contribute to the annual Financial Crime Business-wide Risk Assessment.
• Execute and manage the Compliance Monitoring and Assurance Programme.
• Communicate findings to stakeholders and implement changes.

Skills

Risk assessment

Compliance monitoring

Report writing

Relationship management

Policy development

Job description

Overview

To actively work within the Compliance Risk & Assurance ("CR&A") team and ensure the Compliance monitoring and assurance activities and the business-wide risk assessments (Financial Crime, Compliance and Conduct) are carried out.

To carry out risk assessment, monitoring, testing, and review activities as required under the Compliance Monitoring and Assurance Programme ("CMAP").

To assist with the annual CMAP planning in conjunction with the Head of Central Compliance and the Head of Compliance.

Key Responsibilities

• Direct contribution to completion of the annual Financial Crime Business-wide Risk Assessment (BWRA) and Compliance and Conduct Risk Assessment (CCRA) process, and identify and implement appropriate controls to detect, prevent and mitigate risks identified.
• Carry out the written annual CMAP plan and lead the CMAP, working with the CR&A team to ensuring such programme is executed upon schedule; or if schedule needs changing, work with Head of Central Compliance and Head of Compliance to agree any change.
• Participate in the timely execution of the CMAP plan. Activities include, but are not limited to a thematic review of Anti Bribery and Corruption (ABC), testing critical aspects of the Market Abuse controls for reasonableness (Voice Recording), Gifts & Entertainment testing, Bloomberg Vault monitoring, FSCS eligible client classification and providing concise, timely and accurate written reports highlighting issues and recommendations for improvement / remediation actions.
• Develop and maintain good relationship with both the 1LOD and 3LOD to ensure that CMAP findings are communicated and remediated in a timely manner.
• Participate in maintenance of the risk assessment and CMAP methodologies to keep them in line with industry better practice.
• Lead production and review of Management Information (MI) from the Risk Assessment and CMAP activities.
• If required, attend the Compliance Forum and present CMAP and risk assessment reports and findings to committee.
• Participate in the Compliance Department’s input into the Operational Risk RCSA process.
• Represent the Bank at trade associations and other external compliance forums as necessary.
• Participate in ad-hoc projects as directed by the Head of Central Compliance or the Head of Compliance.
• Assist with implementing enhancements to Compliance and Financial Crime systems and controls.

Core Compliance Responsibility

• Contribute to the provision of policy, tools, techniques and support to enable conduct and compliance risk to be managed in the first line. Conduct monitoring and reporting to assess the design and effectiveness of first line controls and ensure consistency of definitions and measurement of conduct risk.
• Ensure policy and processes meet legal and regulatory requirements, and identify opportunities to improve the Compliance framework, CMAP and collaborate with the First Line of Defence to implement and embed changes.