Compliance Monitoring Officer

The Role

Compliance Assurance and Monitoring provides the firm with a key independent second line control check and challenge over the implementation and application of the regulations and controls that apply to a firm. This role is responsible for working with the Head of Monitoring and Surveillance to develop and deliver an appropriate risk - based monitoring program consisting of appropriate thematic reviews designed to test the efficacy of front-line controls in respect of regulations applicable to the business. This is to ensure that controls in place and are sufficient to ensure that the firm meets its regulatory obligations.

Responsibilities

• Carry out risk-based thematic desk reviews across the firm's business units.
• Focus on the key compliance risks and take a proportionate approach to scoping tests and completing testing efficiently to make the best use of available resources.
• Coordinate the investigation and escalation of potential issues and documenting appropriate remedial Actions. Manage closure verification of Actions following completion, including the assessment of evidence to support closure.
• Oversee and support reviews completed by other team members.
• Prepare aspects of Compliance Assurance management information
• Help enhance the Compliance Assurance programme as it evolves, liaising with the Compliance team and relevant global teams and contributing to global discussions on testing matters and sharing best practice.
• Carry out ad-hoc spot check reviews as and when required.

Skills & Qualifications

• Experience in developing, documenting and executing monitoring and assurance programs.
• Excellent presentation skills - ability to communicate clearly and concisely both verbally and in writing.
• Previous experience of derivative, commodity and FX brokerage businesses, whether though Compliance experience or working within the business or other controls functions.
• Ability to identify the key compliance risks in the area subject to testing and to think creatively about how these risks might manifest in practice and how a test could seek to identify this.
• Good analytical and numerical skills, able to learn new concepts (for example reviewing trading data, looking for trends and exceptions).
• Good interpersonal skills and the ability to build relationships with members of the Compliance Department and employees in the business units and control functions subject to testing
• Proven skills in challenging information received and ability to manage findings with the frontline businesses.
• Broad understanding of the FCA Handbooks and the approach of regulators in EMEA, US and globally, with particular focus on UK regulators.
• Attention to detail and proactive. Confidence to use own initiative and apply judgment in an in-house context.
• Ability to manage delivery of a portfolio of tests and work programmes with emphasis on a strong sense of audit trails to evidence the reviews completed from start to finish with all supporting substantiating evidence captured.
• Ability to be effective under pressure.
• Enthusiasm and aspiration to learn and develop.
• Previous experience with dealing with regulators and/or Auditors desirable
• Previous Front Office experience (trader, sales) is desirable