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Compliance Risk Manager

  • London
  • £100,000
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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.

ne@barclaysimpson.com

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Nick Evans – Compliance

Executive Consultant

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