Assurance and Governance Officer

Role Summary –

• A mid-level Compliance officer assisting with the delivering oversight, monitoring and testing of key functions as identified and detailed in the Assurance Plan.
• Acting as an independent Compliance Assurance role, responsible for assessing the quality performance and compliance of key controls and processes as implemented/executed in order to manage the identified risk areas within the first and second lines of defence.
• Report progress to the Head of Assurance & Governance (HoAG) and assist with production of MIS for Committee reports.

Key Responsibilities –

• Implementing the risk based and rolling Compliance Assurance plan as approved.
• Performing in depth assessments of the identified risk controls, including testing and monitoring the execution and the effectiveness of design to address compliance risks.
• Record and escalate issues and violations of laws or breaches of policy as appropriate.
• Validating adequacy of remediation taken to address reported issues.
• Review and monitor governance arrangements within identified control areas assessed such as ensuring relevant policies and procedures are up to date, staff are aware and trained as required and any breaches have been escalated and reported where required.
• Provide feedback/input to the HoAG to assist in developing, implementing, and executing compliance assurance testing and reporting.
• Analysing and documenting findings and hold preliminary discussions with control/process owners for feedback and continuous improvement with reference to the HoAG.
• Utilising innovative compliance testing solutions including Data Analytics to increase value and reduce costs of compliance-related activities.
• Assisting with the upkeep of Compliance Governance arrangements including the review, testing and development of the framework, reviewing documents, policies, procedures, training and information reporting to committees.

Other responsibilities

• Informing HoAG of significant compliance matters that require immediate attention or action.
• Additional duties as assigned, such as involvement in a specific projects / initiatives.
• Preparation of Compliance Assurance quarterly summaries and in-depth MIS.
• MIS – collating results and performance reports from the reviews and consolidating them into a presentable deck for use in Committee meetings (ORCC and Board).
• Provide support by interpretting regulations and reviewing policy documents where required, along with HoC and Advisory, amongst others.

Skills / Experience Required –

• Essential –
• Experience and knowledge of Banking/Inter-Dealer Broker products, services, regulations – financial services.
• Proficient in MS Office applications e.g. Excel, Word, PowerPoint.
• Must be a self-starter, flexible, innovative, adaptive and good analytical skills.
• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions.
• Good interpersonal skills for building strong relationships with stakeholders and engaging teams and ability to work independently and collaboratively and with people at all levels of the organisation.
• Knowledge and understanding of Compliance rules, laws, and regulations, and specific regulatory requirements, risks, and typologies to be covered.

• Preferable –
• Experience in Compliance, Audit, Legal or other control-related function in a financial services firm / regulated industry.
• Demonstratable knowledge and experience with testing principles including planning, risk assessments, development of risks and controls matrices, processes and design, operating effectiveness, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.
• Knowledge of key risk areas and controls such as FCC transaction monitoring and screening and first-line performance requirements.
• Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities, and escalation where required.
• Experience in project management and able to manage multiple initiatives in parallel.

Personal Attributes –

• Problem solving – proven ability to take complex business requirements and translate these into tangible, workable and commercially smart solutions leveraging best practice tools and techniques.
• Must be a self-starter, flexible, innovative, adaptive and good analytical skills.
• Commercial awareness – demonstrated ability to see, understand and advise on resourcing matters from a business perspective, establishing credibility, trust and respect from Senior Management.
• Analytical – ability to understand and respond to complex problems, draw and present the right insight and recommendations effectively.
• Proven ability to thrive in a complex matrix environment, collaborate effectively with broader teams and galvanise support for projects, bringing people together to deliver.
• High levels of self-awareness and committed to personal development with a growth mindset.

System Knowledge

• Proficient in MS Office applications e.g. Excel, Word, PowerPoint.
• Preferable any knowledge of surveillance tools either for transactions or AML/CDD processes.
• Preferable knowledge of trading/broking platforms and e-comms systems e.g. Bloomberg and Global Relay.

Agency Notice –

• BGC Group & affiliates do not accept agency resumes. Please do not forward resumes to our job alias, employees or any other company location. BGC Group & affiliates are not responsible for any fees related to unsolicited resumes. Please contact the Recruitment function for additional details