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Compliance Risk Manager

Recruiter
Barclay Simpson
Location
London, UK (Hybrid)
Salary
£90,000 - £110,000
Closing date
20 Jul 2024
Reference
340153061

Job Details

My client is an investment bank based in central London. They are looking for a compliance VP level candidate to join their team in a hands on compliance risk assessment focused role.

This role is pivotal in ensuring our organisation effectively identifies, evaluates, and mitigates compliance risks while maintaining robust internal controls. As a Compliance Risk Manager, you will lead the development and implementation of compliance risk assessments and control frameworks, conduct insight, oversight and challenge.

Key Responsibilities

Compliance Risk Assessment:

  • Identify Compliance Risks: Determine areas where the organization is at risk of non-compliance with legal and regulatory requirements.
  • Evaluate Risks: Assess the severity and probability of each identified risk, considering laws, regulations, and internal policies. (creating dashboards)
  • Prioritize Risks: Rank the risks to allocate resources effectively, focusing on the most significant risks.
  • Develop Mitigation Strategies: Create and implement action plans to reduce or manage high-priority risks including the annual compliance market report.
  • Training: provide bespoke training
  • Monitor and Review: Continuously monitor the effectiveness of mitigation strategies and adjust them as necessary to ensure ongoing compliance.

Control Framework:

 

  • Control Environment: Foster a positive attitude, awareness, and proactive actions among directors and management regarding the importance of the internal control system.
  • Risk Assessment: Lead the process for identifying and analysing risks that may prevent the organization from achieving its objectives.
  • Control Activities: Develop and enforce policies and procedures to ensure management directives are effectively carried out, including approvals, authorizations, verifications, reconciliations, and performance reviews.
  • Information and Communication: Establish systems and processes that support the identification, capture, and exchange of critical information in a timely and efficient manner.
  • Monitoring Activities: Implement processes to assess the quality of internal control performance over time, including regular management and supervisory activities, as well as internal audit activities.

Governance

  • A small part of the role will focus on governance and regulatory engagement with the FCA

Skills and Qualifications

  • Experience at a manager level in a financial services risk role with regular interaction with senior decision-makers.
  • Proven experience in preparing insightful analysis and managing risk-related reporting processes for senior executive and board committees.
  • In-depth knowledge of the external environment, including economic, regulatory, and legal practices, trends, and expected developments, and their impact on enterprise risk management.
  • Experience in making risk decisions within a control framework, requiring analysis, judgement, and initiative, while strategically thinking about future direction.
  • Comprehensive understanding of tools, techniques, and methodologies used to measure and report on risk.
  • Good knowledge of various risk disciplines, such as compliance, operational, governance, and conduct, and their impact on business performance.
  • Strong communication and influencing skills with the ability to interact effectively with senior stakeholders.

Importance of the Role

  • Compliance Risk Assessment: Helps the bank proactively identify and mitigate compliance risks, avoiding potential legal issues and financial penalties.
  • Control Framework: Ensures that there are adequate checks and balances in place to support effective management and governance, promoting transparency and accountability within the organisation.


Salary on offer is £90,000 - £110,000 basic.

High level of flexibility offered with two days in the office expected.

Please contact me with your CV to discuss the company and role in more detail..

 

Company

Barclay Simpson is the leading international company in internal audit and corporate governance recruitment. We have offices in London and New York and recruit regionally for the UK, Europe, the Middle East and North America.

We handle both permanent and interim appointments in the following fields:

  • Internal & IT Audit
  • Risk Management
  • Compliance
  • Cyber Security
  • Corporate Security and Resilience
  • Financial Crime
  • Legal
  • Treasury

With our team of highly experienced internal audit recruitment consultants we are able to offer an unrivalled level of expertise to help internal auditors to build their careers.  Each team member is dedicated to specific internal audit disciplines, industry sectors and geographies so enabling them to offer an expert insight into the market, potential opportunities and career guidance.

Our clients cover all sectors of the economy, including banking and financial services, asset management, insurance, commerce and industry, professional services and not for profit. They value our service because we understand their business and through the high level of continuity of our consultants they have built long term relationships with us.

We are equally committed to building long-term relationships with our candidates, many of whom become clients, by providing sound career advice, based on our detailed knowledge of the unique nature of internal audit and corporate governance and what it takes to succeed within it.

Company info
Mini-site
Barclay Simpson
Telephone
+44 (0) 20 7936 2601
Location
Third Floor
20 Farringdon Street
London
EC4A 4AB
GB

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