Head of Compliance Monitoring, Risk and Policy

4 days in the office.

A prestigious private bank with a significant and growing presence in the UK is seeking a Head of Compliance Monitoring, Risk and Policy.

About the Role

You will run the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP) in addition to overseeing the control framework on a transversal basis.

Key Responsibilities

• Ongoing ownership and maintenance of the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP).
• Act as the point of contact and Subject Matter Expert for Compliance monitoring activities executed by the Compliance Monitoring Team.
• Manage and maintain the Key Compliance Risk (KCR) library and Mandatory Monitoring List.
• Ownership and oversight for maintaining rule mapping documents for the Group.
• Maintain the annual CMP, including management of requests to update or amend the CMP throughout the year to accommodate any additional regulatory changes and/or other trigger events which may occur. This includes ensuring that the appropriate approvals at Audit Committee have been obtained.
• Maintaining the policies, desk-top procedures and templates required to undertake both periodic and thematic monitoring reviews.
• Manage and coordinate periodic CRA “Check Points” and updates
• Design, development and maintenance of the periodic monitoring controls undertaken by the Compliance Monitoring team across the remit of Compliance in collaboration with the Head of Regulatory Compliance and the Head of Financial Crime Compliance. This includes the amendment, addition or removal of controls as required, these amendments may be the result of changes in regulations, business strategy, products/services or findings from monitoring or internal audit reviews.
• Oversight of the control framework and the controls undertaken by 1LOD and 1LODB
• Publish monitoring reports for these activities to the relevant Registered Compliance Officers, Money Laundering Reporting Officers and/or Money Laundering Compliance Officers and key stakeholders
• Complete the above points for the Business and branches
• Assist the Chief Compliance Officer in providing regular management reporting in respect of the Compliance Monitoring plan, findings and actions to the relevant executive committees.
• Assist the Chief Compliance Officer in providing regular management reporting in respect of the firms policies to the relevant executive committees
• Chairing the firm’s policy committee to ensure policies are approved in line with the documented governance process.

About You

To be successful in this role, you will bring:

• Significant financial services experience including a good understanding of the Financial Services activities performed by the Business
• Good project / change management skills
• Knowledge of products services and front office
• Good knowledge and understanding of control and reporting tools
• Factual analysis and report writing skills
• Ability to assess and analyse changes in laws and regulations
• High level of competence in Microsoft Office packages, notably Excel.

For further information please contact Natalie Eshelby