Compliance Monitoring Manager

THE COMPANY:

Our client is an international bank. They are a leading provider of Trade Finance, Corporate & Institutional Banking.

THE RESPONSIBILITIES:

• Responsible for drafting the annual Compliance Monitoring Plan and the regulatory and financial crime quality assurance plans for submission to CFCC and Board Compliance Committee for approval
• Maintaining and updating the Compliance Monitoring Plan and suggesting additions and amendments as required and seeking approvals for any amendments
• Accountable for executing the Bank wide risk-based Compliance Monitoring Plan (“CMP”) and QA programmes
• Lead Compliance Monitoring reviews and close out meetings
• Support Compliance Monitoring and QA Officers and provide advice and guidance where necessary with execution of CMP and the delivery of stakeholder and close-out meetings
• Act as subject matter expert and first point of contact across the Bank for all compliance monitoring issues
• Responsible for production of accurate and effective CMP/QA Management Information (“MI”) for senior management and relevant Committees (CFCC, ManCom, Board Compliance Committee)
• Responsible for management and development of Compliance Monitoring and QA Officers
• Responsible for annual appraisals of team members and setting personal objectives
• Undertake half yearly performance reviews to ensure progress is made against agreed objectives
• Undertake weekly meetings with monitoring team members to discuss progress of CMP & QA
• Responsible for assigning tasks to monitoring team members in accordance with the CMP & QA programmes
• Responsible for monitoring individual team member performance to ensure the required standard is achieved/ maintained and escalate to Head of Compliance and HR where appropriate
• Conduct cyclical thematic monitoring reviews across business lines and support areas
• Oversee the execution of the QA programmes
• Conduct periodic business / desk reviews as required
• Proactive and timely escalation of issues with supporting information
• Ensure timely resolution of outstanding issues
• Responsible for monitoring oversight of the business
• Support the business and representative office activities and local compliance officers on relevant monitoring issues
• Maintain close relationships with Group Compliance and Group Compliance Oversight Testing in relation to the CMP and QA programmes
• Help to develop, review, update and communicate Compliance Policies and Procedures, with specific emphasis on monitoring, to enable the Business and the Bank to comply with all applicable regulations and requirements and operate within the Bank’s Risk Appetite
• Assist with any compliance monitoring and/or QA specific investigations on behalf of regulatory and other competent authorities and Senior Management of the Bank
• Participate in, and attend, relevant seminars or forums at the direction of management
• Participate in key projects and programmes which develop and enhance the overall monitoring capability of Compliance

EXPERIENCE REQUIRED:

• Must have Monitoring team lead experience
• Previous Senior monitoring or quality assurance managerial experience from a Banking environment
• Understanding of the compliance framework and regulatory landscape
• Understanding of the legislative and regulatory environment for the business
• Previous monitoring or quality assurance experience
• Sound knowledge of Regulatory and Financial Crime requirements
• Previous experience of working as part of a Monitoring / Testing / Quality Assurance or Internal Audit function within a Wholesale / Corporate Banking (preferable) or Investment Banking institution
• Experience in managing a small team preferable

For further information please contact Hannah Tabatabai