Manager – Independent Compliance Testing, International, General Counsel Office recruitment
One focus of the Enterprise Compliance Risk Management (“ECRM”) is to look at how the company complies with regulations and laws. The company looks at current and prospective adverse impacts on earnings, capital and market viability, as well as on investor, customer and regulator relationships that could arise from violations of, or nonconformance with laws, rules, regulations, industry practices, internal policies and procedures, ethical standards or customer service goals.
The Manager, Independent Compliance Testing, International position falls within the Enterprise Compliance Risk Management ("ECRM") organization, part of the Compliance and Ethics staff group, and reports to the Director of Independent Compliance Testing (ICT).
Description
This position is a global role responsible for executing the Independent Compliance Testing Program across American Express's lines of business, analyzing Compliance testing and monitoring results for senior Compliance leadership.
Responsibilities of this position include:
- Utilize existing Line of Business Risk Assessments to identify processes that are exposed to inherent regulatory risks and identify the risk mitigating controls
- Provide input into the preparation of the testing plan based on risks identified as well as review of other information including internal and external audit reports, regulatory review results, internal and external compliance risk events and observations provided by Business Compliance Officers, Market Compliance Officers and Compliance Support Functions
- Establish the ICT test procedures for foundation and reliance controls in accordance with the ICT Testing Manual guidelines
- Execute the ICT program in accordance with the test execution plan, ensuring accuracy of testing performance, timely completion, data capture, documentation working papers and issuance of final opinion reports
- Submit reports to Senior Management regarding the design and effectiveness of the compliance control operation together with recommendations to improve the control effectiveness
- Link Business Self Testing to the Independent Compliance Testing program, including understanding the business processes that include Business Self Testing activity
- Act as a change agent to ensure that Business Self Testing is deployed across all measurable processes where regulatory risks exist.
- Ensure that existing Independent Compliance Testing is not duplicated, is effective in its objective and is captured as an integral part of the ICT program
- Partner with the business and other constituents to improve compliance risk management effectiveness through improved monitoring and effective corrective actions
- Manage the Compliance Monitoring Program to capture and assess key metrics identified through BST and ICT activity as well as appropriate process level metrics that provide an indication of changing risk or control performance
- Assist in driving closure and follow-up escalation of corrective action plans identified as necessary through the ICT Program
- Evaluate the adequacy and timeliness of management’s action plans for all significant recommendations in the ICT Program reports
- Interface regularly with Market Compliance Officers, Entity Compliance Officers, Business Compliance Officer, business management, business process owners and control operators, Compliance Support Function groups, examiners/auditors, third-party vendors and with the General Counsel’s Office
- Perform special projects, compile data and prepare various reports and analysis as required
Requirements:
- Prior experience and qualification in Internal or External Auditing
- Detailed understanding of internal control frameworks and independent testing and monitoring activities
- Prior experience in performing testing in an internal audit function at a large, multinational organization or large audit firm
- An understanding of the core American Express operational and business structures
- Knowledge of the primary laws and regulations governing American Express products and entities within international markets
- In depth knowledge of payment system and card operations
- Demonstrated skill as a change agent across a diverse group of businesses
- Strong analytical skills and ability to identify potential compliance issues, potential root causes and feasible operational solutions
- Strong collaborative skills and experience in leading and working within a matrix environment, cross-functional, cross business and cross border organization
- Excellent verbal and written communications skills with an ability to effectively communicate complex technical information
- The ability to persuade and influence a broad spectrum of constituents at all levels
- Strong people leadership and management skills
- MBA preferred
- Be self-motivated, dependable, adaptable and detail oriented with a proven ability to work independently or within a team environment as required
- Demonstrated ability to think conceptually, using strong analytical skills
- Strong or advanced technical skills MS Word, Excel, Access, Visio and PowerPoint
August 20, 2012
• Tags: Accounting & Finance careers in the Singapore, General Counsel Office recruitment, International, Manager – Independent Compliance Testing • Posted in: Financial