At a Glance
- Tasks: Lead compliance monitoring and testing to enhance risk management and oversight.
- Company: Dynamic financial institution focused on compliance and risk management.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Join a collaborative team in a fast-paced environment with growth potential.
- Why this job: Make a real impact in compliance while working with senior stakeholders.
- Qualifications: 3-5 years in compliance testing or risk management; strong analytical and communication skills.
The predicted salary is between 66150 - 80850 £ per year.
- Functional Title: Assistant Vice President
- Department: Compliance Risk Management
- Reports To: Lezlie Mc Kenzie, Director, Compliance Monitoring and Testing
- Location: London
The Compliance Monitoring & Testing team sits within the second line of defence in Compliance Risk Management.
The Assistant Vice President (“AVP”) of Compliance Monitoring & Testingplays a critical role with the second line of defence and will provide leadership, expertise and structure to support the ongoing maturation of the Compliance Program and the continuous improvement to enhance the proactive oversight of compliance risk.
The AVP will be required to stay abreast of developments on regulatory requirements and best practices to ensure the monitoring and testing framework remains fit for purpose and that controls gaps are identified to ensure effective compliance risk management.
What you will be doing
- Ability to write Compliance Testing reports clearly and concisely that require little to no oversight or rewrite
- Manages stakeholder engagement independently.
- Ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance
- Takes initiative for next steps with limited instruction
- Has enough experience with Compliance Testing to propose solutions to make the team’s processes (and related documents like templates) more efficient
- Works independently (with limited direct authority) to assess and identify gaps and influence outcome
- Takes ownership and accountability for deliverable timelines and work quality
- Maintains relationships and networks and engage with senior stakeholders across the firm to advise on key areas of expertise that support the mitigation of compliance risk
- Adapts communication style to differing audiences to support and drive cross functional collaboration
- Has judgement-based decision making in areas of elevated compliance risk and adapt policies and procedures
What we are looking for
- Ability to write Compliance Testing reports clearly and concisely that require little to no oversight or rewrite
- Manages stakeholder engagement independently.
- Ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance
- Takes initiative for next steps with limited instruction
- Has enough experience with Compliance Testing to propose solutions to make the team’s processes (and related documents like templates) more efficient
- Works independently (with limited direct authority) to assess and identify gaps and influence outcome
- Takes ownership and accountability for deliverable timelines and work quality
- Maintains relationships and networks and engage with senior stakeholders across the firm to advise on key areas of expertise that support the mitigation of compliance risk
- Adapts communication style to differing audiences to support and drive cross functional collaboration
- Has judgement-based decision making in areas of elevated compliance risk and adapt policies and procedures
- 3-5 years’ experience of compliance testing / monitoring / auditing / risk management; Regulatory experience a plus
- Strong analytic capabilities; excellent communications skills to influence stakeholders
- Ability to work independently (with limited direct authority) to assess and identify gaps and influence outcomes
- Ability to take initiative for next steps with limited instruction
- Advanced proficiency in Microsoft Office (i. e., Word, Excel, Power Point) and Share Point required.
- Familiarity with Governance, Risk & Compliance (GRC) tools (e. g., Archer) a plus
- Proficiency in regulatory requirements e. g. Prudential, BSA/AML, Privacy
- Knowledge of a Financial Market Utility regulatory environment, key legislative requirements and practical implications would be beneficial
- Experience in executing testing plans
- Familiarity with corporate compliance programs and standards relative to Federal Reserve SR 08-8 would be beneficial
- #J-18808-Ljbffr
Assistant Vice President, Compliance Monitoring and Testing employer: CLS Group
CLS Group is an exceptional employer that values collaboration and employee well-being, offering a supportive work culture in the heart of London. With generous leave policies and hybrid working options, employees can achieve a healthy work-life balance while benefiting from extensive growth opportunities in HR shared services. Join us to be part of a dynamic team that prioritises accuracy and excellence in payroll processes across diverse regions.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President, Compliance Monitoring and Testing
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like CLS Group looking for candidates who are engaged and informed.
We think you need these skills to ace Assistant Vice President, Compliance Monitoring and Testing
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at CLS Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at CLS Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with CLS Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
