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Risk and Compliance Oversight Manager – Retail Banking

  • Location: Wales
  • Salary: £55,000 per year
  • Job Type:Permanent

Posted about 1 month ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Expiry Date: 15 August 2022
  • Job Ref: ET/19333

​Job Description

The Risk and Compliance Oversight Manager will be responsible for development and execution of the Risk and Compliance Oversight plan, ensuring risk-based coverage of material risk areas for the Society. They will create and implement policies, procedures and directives that drive the overall vision and approach of the Risk and Compliance oversight team. They will lead, develop and motivate 2 direct reports, ensuring that they receive the necessary feedback and guidance to improve productivity, quality and overall insight of risk opinion.

Key Accountabilities:

•Responsible for development and execution of the Risk and Compliance Oversight plan, ensuring risk-based coverage of material risk areas for the Society.

•Creates and Implements policies, procedures and directives that drive the overall vision and approach of the Risk and Compliance oversight team.

•Leads, develops and motivates direct reports, ensuring that they receive the necessary feedback and guidance to improve productivity, quality and overall insight of risk opinion.

•Support the Risk and Compliance team in promotion and embedding of the ERMF and its components, and promoting a strong conduct and compliant culture

Risk and Compliance Oversight Plan

•Responsible for development and execution of the Risk and Compliance Oversight plan, ensuring risk-based coverage of material risk areas for the Society. This will include;

•Development, maintenance and execution of risk-based planning methodology to support construction of the annual risk and compliance oversight plan

•Completion of regular on-going review of the annual risk and compliance oversight ensuring that it remains reflective of emerging risks and issues

•Development and maintenance of a combined assurance map

•Development, maintenance and management of review procedures and templates to ensure consistency and delivery of robust oversight

•Development maintenance and management of a quality control process to ensure all oversight performed meets expected standards

•Attendance at key governance meetings as required to provide an update on progress and key findings of the risk and compliance oversight plan

•Manage delivery of all oversight reviews, including attendance at kick off and closing meetings

•Development, maintenance and execution of processes and systems to support the follow up and tracking of actions generated through oversight reviews

•Production of MI and KPIs to summarise team performance

•Liaison with other members of the wider Risk and Compliance team, identifying where further SME knowledge is required to support delivery of oversight

•Lead the delivery of complex or high-risk oversight reviews

•Development and production of regular consolidated, thematic analysis summarising key findings from oversight reviews

Management and oversight of outsourced arrangements

•Manage the day to day relationship between the Society and its Internal Auditors, ensuring appropriate co-ordination and engagement with the business, as well as co-ordination of annual planning.

•Managing the co-source arrangement (externally outsourced monitoring function to support the team), providing oversight and feedback on reviews, in addition to monitoring against scheduled plans.

Change Oversight

•Provide oversight of change management approach as required for key strategic initiatives or projects, providing independent challenge and reporting into key governance committees on findings.

Leadership Responsibilities

•Deputise for the Chief Compliance Officer as required in key governance meetings.

•Drives accountability throughout all levels of the department through the communication of expectations and cascading of top-level objectives that support the overall vision of the society

•Creates a positive working environment and culture to drive performance management and delivery against department objectives

•Ensures effective communication with direct reports by carrying out team briefs, one to ones, mid-year reviews, annual appraisals and general communications of any pertinent information.

•Member of the risk leadership team, encouraging collaborative working and delivery of value adding, risk-based oversight to the Society.

Technical Expertise:

•Strong financial services industry awareness

•Strong regulatory knowledge

•Experience within a 2nd line risk oversight or internal audit role and methodology

•Proficient in all MS packages

Competencies:

•3-5 years management experience within the financial service industry

•Knowledge of change management methodology

•Previous experience of managing outsourced arrangements

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.

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