Compliance Risk Assessment Senior Specialist

Expiring today

Recruiter
Confidential
Location
Edinburgh
Salary
Competitive
Posted
19 Apr 2021
Closes
17 May 2021
Contract Type
Permanent
Hours
Full Time
Job Profile:

CRA specialist will take on responsibility for delivering timely and thorough compliance risk assessments through interaction with and managing Business Compliance Groups. You will support the Head of CRA in managing the execution of the CRA and the development of the Line of Business/Regional/Global Compliance Plans to enable determination of the structure and composition of the annual program.

This is achieved primarily through the following:

In advance of CRA execution, preparation of data for capture within the respective risk assessments

Managing Business Compliance groups through the CRA timeline and ensuring that all necessary and appropriate inputs are captured within the compliance risk assessments

Executing Risk Assessments in line with the global methodology and ensuring required evidences are retained.

Liaising with the business and Senior Management in respect to ensuring consistency and calibration across multiple lines of business/regions.

Providing timely and accurate Management Information where relevant to internal stakeholders

Participation in Committee Meetings as required.

In addition, you should be prepared to assist as required in the following activities:

Design and development of process/application enhancements and subsequent User Acceptance Testing

Managing Business Compliance Groups through the Post CRA timeline supporting delivery of the Enterprise-Wide CRA Report and Compliance Annual Plan.

Responsibilities:

Ensure that compliance initiatives derived from the CRA and Compliance Annual Plan are actively tracked and completed in a timely manner.

Act as a delegate for the Head of CRA in providing support and guidance to team members and businesses where required.

Act as a subject matter expert on the CRA process for the Business Compliance Groups during the execution of the CRA.

Preparation of pre execution phase of the CRA including

Facilitate the 1st line execution of the CRA.

Provide necessary Management Information in support of CRA execution

Assist in enhancing the CRA lifecycle process

Assist with development of the annual Compliance program.

Proactively track outstanding and overdue actions

Represent Compliance at internal meetings and Committees where required.

Generic Staff Responsibilities

Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon.

Alert management including the Chief Risk Officer and / or the EMEA Chief Risk Officer immediately of any significant changes to business risks and internal control effectiveness.

Notify management and/or the Chief Compliance and Ethics Officer and EMEA Head of Compliance immediately on discovery of any material regulatory breach.

Comply with all Security and Health & Safety policies and procedures operating within the business.

Complete all mandatory training and ensure any external training undertaken has been recorded in the training system (Saba) and obtain or maintain all qualifications that may be required to perform your role.

Academic/Professional Qualifications (or equivalent qualifiers)

* Degree educated or a strong academic/professional work record with preference for Compliance and/or Legal, Audit, Risk background.

* A compliance qualification would be a distinct advantage.

* Proven experience in the Financial Sector, preferably with a background in Compliance, Risk or Internal Audit.

* Good PC skills (Microsoft Excel and Word essential - PowerPoint useful).

* Good report writing and presentation skills.

* Good Analytical skills capable of identifying, collating and distilling relevant information.

* Focused attitude to work with the ability to constantly meet deadlines while ensuring attention to detail, and high level of accuracy.

* Superior interpersonal and communication, and negotiation skills.

* Knowledge and awareness of compliance laws, rules, regulations, risk and regulatory requirements.

* Ability to work effectively in a fast-paced environment, with the ability to prioritize and balance competing, time sensitive demands.

* Must be able to understand and apply outcome-focused regulation and have a sound risk awareness whilst maintaining an awareness of commercial pressures on the firm