AVP, Compliance Assurance

Why join us?

The Group’s regulators require the Compliance function to assess the adequacy of the firm’s controls, processes, procedures and resulting outcomes to manage risk. This responsibility is met by the Compliance Assurance (CA) sub-function.

Compliance Assurance controls testing (CACT) is responsible for determining the effectiveness of the Group’s financial crime and regulatory controls, independent of Control Owners (who are responsible for day-to-day monitoring). Compliance Assurance covers all Financial Crime (FC) and Regulatory Compliance (RC) risk taxonomies (Anti Money Laundering, Sanctions, Anti-Bribery & Corruption and Fraud) across all businesses, functions and geographies of the Group. The division assesses, on an end-to-end basis where possible, the effectiveness of prioritised FC and RC controls embedded in the first line of defence and those operated by the second line on their behalf and represents an integrated part of the function in discharging its assurance responsibilities.

Compliance Assurance will deliver controls assurance in an efficient, reliable and independent manner by executing it via a Controls Testing Utility (CTU), domiciled primarily in offshore locations; and scoping, coordinating and overseeing these activities in a globally consistent manner via a Controls Testing Authority (CTA).

The role will be responsible for delivering assessments of assigned controls, in accordance with CACT procedures and the Compliance Assurance assessment plan.

The role holder will be required to support the Onshore Compliance Assurance Management team and VPs/ AVPs in assessing the effectiveness of assigned FC and/or RC controls, identifying and raising issues where control gaps lead to material unaddressed financial crime and/or regulatory/conduct risks.

What you’ll do:

1. Customize and localize standard test scripts and then evaluate assigned controls for design and operating effectiveness, raise issues as appropriate.
2. Ensure that assigned control assessments are accurate, effective, abide by Compliance Assurance procedures and templates, and meet quality control requirements.
3. Ensure that assigned control assessments are delivered on time, in accordance with the Compliance Assurance assessment plan.
4. Supervise the delivery of assigned control assessments using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.
5. Manage control owners and other stakeholders, ensuring the success of each assigned review, minimizing contention where possible and requesting support where deemed necessary.
6. Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams.
7. Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.
8. Develop and motivate the testing specialists through coaching and on-the-job training, ensuring the successful delivery of assigned control assessments.
9. Support the VPs in fulfilling their responsibilities as required, including planning forthcoming reviews, drafting issues, contributing to the development of procedures and templates.