Conformance Test Lead
Overview:
The core responsibility of the Conformance Testing Lead within the Group Legal Compliance Assurance team is to plan, manage and where appropriate execute conformance reviews in accordance with the Group Legal and Compliance.
Job Duties:
· Plan and scope conformance reviews including preparation of the scoping document, in conjunction with the relevant SME within Compliance, Policy Owner or delegate.
· Understand the processes, risk and controls within scope
· Manage the conformance review to ensure that relevant risks and controls have been identified, appropriate test strategies and sample sizes have been adopted and the key controls have been appropriately assessed to provide assurance over key risks/compliance to policies.
· Provide oversight and guidance to Compliance Assurance Managers during conformance reviews.
· Lead discussions with the Compliance Assurance team members and the Business regarding observations arising from the conformance reviews, consulting with the Head of Compliance Assurance where necessary
· Oversee the preparation of and review key documentation covering scoping, process understanding, risk control identification, control evaluation and observations/report.
· Lead discussions with the Group Legal Compliance Assurance team members and the Business regarding observations arising from the conformance reviews, consulting with the Head of Group Legal Compliance Assurance where necessary.
· Manage the conformance review teams on a day to day basis, working to ensure that conformance reviews progress as planned, as regards scope, budget and schedule.
· Liaise closely with relevant SMEs and/or Group Policy Owners or their delegate within Compliance to share potential observations and confirm their policy alignment and potential impact.
· Support others in developing themselves and adopting the relevant tools and testing methodologies.
Experience:
· Deep experience of executing assurance/ controls testing within an Investment Banking and/ or Wealth and Investment Management environment , ideally focussing on Regulatory Compliance (non-financial crime) risk/control activities; or internal/external audit background.
· Relevant professional or academic qualification (Audit, Risk Management or Investment Bank/ Wealth Management-related qualification).
· Experience in compliance supervision and management of Conduct Risks
· Financial services industry with general understanding of the UK and US governance, regulatory framework, of recent developments and expected changes.
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