Director, Compliance Monitoring and Testing
Description
The Director, Compliance Monitoring and Testing will be responsible for overseeing all ongoing activities related to the development, implementation and maintenance of the compliance testing program. This person will report directly to the Deputy Chief Compliance Officer. The Director, Compliance Monitoring and Testing will also:
• Develop and execute a global testing program designed to evaluate the effectiveness of key compliance controls through routine and/or ad hoc testing to ensure compliance with regulatory requirements and policies and procedures.
• Develop and execute test plans and test scripts related to significant compliance risk categories including but not limited to anti-money laundering, economic sanctions, anti-corruption, information privacy, and records management.
• Develop effective and value-added tracking systems for compliance testing results and remediation efforts to assist the development of best practice initiatives.
• Review and complete documentation of scoping, process understanding, risk and control identification, control evaluation and observations in testing and monitoring toolkit.
• Analyze and identify global trends and develop regularly reporting of risk and control gaps. Notify senior management of findings and work with business unit compliance officers to implement any necessary controls.
• Provide assistance to the compliance risk assessment process by identifying relevant compliance risk and controls gaps.
Requirements
The ideal person for this role should have senior managerial experience and knowledge of the subject matter compliance risks. Candidates will be expected to possess the following professional and personal attributes:
• Minimum of 10 years of relevant experience with prior experience in development of a global compliance risk assessment program. Risk management, audit or compliance experience preferred.
• Strong experience in risk-based auditing and risk/control activities and relevant risk mitigation strategies. Significant experience developing and executing testing plans and test scripts of policies and procedures. Key areas will include but not limited to information privacy, anti-corruption, anti-money laundering and economic sanctions.
• A strong education including an undergraduate degree; graduate degrees in relevant areas of study preferred.
• Insurance and financial services industry knowledge.
• Demonstrated ability to influence and work effectively within a highly-matrixed organization with employees at all levels.
• Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment.
• Ability to confront conflict and difficult issues in a professional, assertive and proactive manner.
• Strong problem-solving and project management skills.
• Excellent organizational, written, verbal and presentation skills.
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