Compliance Monitoring & Surveillance, SrAssc
Compliance Monitoring & Surveillance, SrAssc About Process
The Compliance Risk Monitoring Team (CRMT) within Corporate Compliance is part of the firm's integrated approach to monitoring Compliance Risk across the First and Second Lines of Defense. As an integral component of the company-wide compliance monitoring approach, CRMT is responsible for performing monitoring and testing over key areas of Compliance Risk, including the top Compliance Risks identified for the firm that fall under Corporate Compliance's remit as the Second Line of Defense (SLOD). CRMT works with the Business-Aligned and Functional Compliance Advisory Teams (Compliance Advisory Teams) to design and execute efficient and effective monitoring and testing as part of the SLOD within Corporate Compliance. Key Responsibilities & Experience Range Experience: 6
- 7 years
Develop a strong understanding of CRMT's principles, steps and requirements to be followed. Participate in the M&S Design process by designing and proposing activities resulting from scoping sessions Execute Control testing & Outcome based testing Present potential exceptions to the CRMT Team Lead for analysis Prepare work paper documentation to support the work executed, including evidence backing up exceptions Suggest process improvements to achieve improved efficiency and accuracy. Qualification & Certifications:
Graduation in any discipline
Any Risk Management related certification will be an added advantage
Sound understanding/Exposure of Business/Operational Risk
Any prior audit related experience is a must Primary Skills (Must Have):
Writes correctly and clearly; avoids the unnecessary use of jargon or complicated language; writes in a well-structured and logical way; structures information to meet the needs and understanding of the intended audience.
- Delivering Results and Meeting Customer Expectations
Focuses on customer needs and satisfaction; sets high standards for quality and quantity; works in a systematic, and orderly way; consistently achieves project goals.
Rapidly learns new tasks and commits information to memory quickly; demonstrates an immediate understanding of newly presented information; gathers comprehensive information to support decision making; encourages an organizational learning approach (i.e. learns from successes and failures and seeks staff and customer feedback).
- Adapting and Responding to Change
Adapts to changing circumstances; tolerates ambiguity; accepts new ideas and change initiatives; adapts interpersonal style to suit different people or situations; shows an interest in new experiences.
- Compliance Risk Identification
Identification of risk and controls within business processes and applicable regulations.
- Knowledge of Business Operations
Possesses an intimacy and familiarity with the business to fully meet the company's needs and serve its best interests.
Analyzing the underlying reasons of compliance-related issues and/or misconduct events; identification of systemic causes of issues.
Provides others with a clear direction; sets appropriate standards of behavior.
Developing training that is legally sound, addresses source of compliance risk, and drives desired employee behavior.
Sets clearly defined objectives; manages time effectively; monitors performance against deadlines and milestones.