AddressRisk Compliance + Assurance + Control Testing experience is MUST
Looking only from Investment Banks
The Opportunity:
- The NFR is a function that sits within the markets business within the Markets & Securities Services area . The NFR helps manage and control non-financial and new risks in the business, including but not limited to operational, conduct and product lifecycle risk.
- An overarching purpose is to protect , its People, Clients and Financial Markets by helping safeguarding the delivery of fair outcomes to our customers and avoiding disruption of the orderly and transparent operation of Financial Markets.
What you'll do:
- Execute against a pre-arranged review plan to evaluate the design and test the effectiveness of key FO and regulatory mandated controls
- Demonstrate an understanding of pertinent business areas and requirements as detailed in Group Standards Manuals and Functional Instruction Manuals (FIM) and local standards
- Help implement and support a plan to achieve risk management goals of the business/function, including complex testing, monitoring and reporting requirements
- Conduct risk assessments to ensure risks are mitigated and fall within risk appetite and threshold;
- Sufficiently document testing details and results utilizing internal control testing methodologies
- Based on the activities in the area under review, identify key areas of risk or concern
- Report results of control testing, identify trends, and escalate issues to onshore management
- Work with onshore staff on the remediation of any breaches in risk management
- Assist onshore staff in conducting risk assessment certification/sign off by business/function
- Assist in the timely remediation of issues, including internal and external audit observations and regulatory findings
- Document and monitor progress of remedial actions for issues
- Ensure documented policies and procedures remain current and are aligned to the processes taking place
- Monitor and analyse Key Risk Indicators and operational metrics
- Maintain risk and control, EUC database (Helios/EIM)
- Exhibit solid time management to complete reviews scheduled in a timely manner
- While not a requirement, flexibility to cover New York hours is desirable.
Typical Targets and Measures
- Demonstrate an understanding of pertinent business areas and requirements as detailed in Group Standards Manuals and Functional Instruction Manuals (FIM) and local standards
- Identify underlying risk/trends and effectually communicate the findings to management and liaise with Business and NFR stakeholders on risk mitigating remediation's.
- Lead Risk initiatives and projects to enhance the Risk & Control framework of the business
Customers / Stakeholders
- Markets Global/ Regional CCO's and Asset Class Business Heads, and their respective COOs and Business Managers, and Senior Management in support areas including MSS Risk and CRAO's office.
Leadership & Teamwork
- Work with central team or functional teams to assist in the development of framework and policy.
Qualifications:
What you will need to succeed in the role:
- 10 years of work experience
- Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business/function, especially as it relates to Dodd Frank Title VII, MAS, MIFID II
- Strong background in Banking, risk management and / or internal audit; Audit, Risk or Compliance professional designation preferred
- Ability to understand and identify key risks and controls that require testing within processes
- Analytical and review skills with the ability to draw the correct conclusions from reviews
- Time management and organization skills with the ability to prioritize and multi-task
- Excellent written & oral communication and presentation skills including the ability to deliver clear and accurate messages to management
- Ability to operate autonomously, and effectively lead the team in the reviews and day to day operations.
- Complex problem resolution
- Sound judgment, keen sense of urgency and initiative
What additional skills will be good to have?
- Ability to understand and identify key risks and controls that require testing within processes
- Analytical and review skills with the ability to draw the correct conclusions from reviews
- Time management and organization skills with the ability to prioritize and multi-task
- Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business/function
- Regular interaction with the Markets Assurance Function to understand impact of risk profile on the testing requirements for the businesses, and ensuring alignment of key risk priorities.
- Sufficiently document testing details and results utilizing internal control testing methodologies
- Based on the activities in the area under review, identify key areas of risk or concern
- Report results of control testing, identify trends, and escalate issues to onshore management
- Work with onshore staff in remediation of any breaches in risk management
- Assist onshore staff in conducting risk assessment certification/sign off by business/function
