At a Glance
- Tasks: Lead compliance initiatives and manage risk standards in a dynamic environment.
- Company: Join a forward-thinking company focused on regulatory excellence and team collaboration.
- Benefits: Enjoy flexible work options, professional development opportunities, and a supportive team culture.
- Why this job: Make a real impact by ensuring compliance and improving processes while growing your career.
- Qualifications: B.Com, MBA, or M.Com with 10+ years in Banking and Financial Services required.
- Other info: Ideal for proactive individuals with strong leadership and communication skills.
The predicted salary is between 43200 - 72000 Β£ per year.
Job Responsibilities
- Establish, implement, and maintain risk standards and programs to ensure compliance with federal, state, agency, legal, regulatory, and Corporate Policy requirements.
- Oversee the Front Lineβs execution and address challenges related to compliance decisions.
- Support monitoring of a risk-based compliance program.
- Develop and oversee standards with some business and functional knowledge.
- Provide compliance risk insights and support projects with low to moderate risk.
- Work with business units on compliance matters related to specific rules and regulations.
- Support reporting, escalation, and remediation of compliance issues and deficiencies.
- Draft reports and recommendations for management.
- Implement initiatives with low to moderate risk and support risk oversight activities.
- Manage data accuracy and troubleshoot system issues.
- Research regulatory rules and manage related projects.
- Identify opportunities for process improvement and risk control.
- Build effective relationships with various teams and internal customers.
- Make decisions and resolve issues to meet business objectives.
- Interpret policies, procedures, and compliance requirements.
- Collaborate with peers, colleagues, and managers to resolve issues and achieve goals.
- Exercise independent judgment while understanding policies and compliance needs.
Desired Profile
- Maintain regulatory inventory in the system as per procedures.
- Perform quality checks on team work.
- Manage regulatory inventory team.
- Engage with QA, Legal, Compliance, and vendor partners for process updates.
- Coach and train junior team members.
- Monitor KPIs and ensure timely deliverables.
- Keep process procedures updated.
Qualifications
- B.Com, MBA, or M.Com with 10+ years in Banking and Financial Services, including 4+ years in risk management.
- 3+ years of People Management/Leadership experience.
- Experience in Compliance or related fields through work, training, military, or education.
Technical / Professional Skills
- Law degree or Company Secretary qualification.
- Experience with technology data entry processes.
- Ability to guide team on using SHRP Governance Management system (Archer platform).
- Coaching and training skills.
- Excellent communication skills.
- Ability to explain complex concepts clearly.
- Advanced MS Office skills.
- Attention to detail and accuracy.
- Proactive, professional, and improvement-oriented mindset.
- Knowledge of SharePoint is an advantage.
Associate Manager -Payroll & Compliance employer: DesignCafe
Contact Detail:
DesignCafe Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Associate Manager -Payroll & Compliance
β¨Tip Number 1
Familiarise yourself with the latest compliance regulations and risk management standards relevant to the banking and financial services sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
β¨Tip Number 2
Network with professionals in compliance and risk management through platforms like LinkedIn. Engaging with industry groups or attending webinars can provide insights into current trends and challenges, making you a more attractive candidate.
β¨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues or improved processes in your previous roles. Real-life scenarios can showcase your problem-solving skills and ability to lead teams effectively.
β¨Tip Number 4
Highlight your experience with technology and data management systems, especially if you have worked with SHRP Governance Management systems or similar platforms. Being tech-savvy is a significant advantage in this role, so be ready to discuss your proficiency.
We think you need these skills to ace Associate Manager -Payroll & Compliance
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights relevant experience in payroll, compliance, and risk management. Use keywords from the job description to demonstrate that you meet the qualifications and have the necessary skills.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities mentioned in the job description. Explain how your background in banking and financial services, along with your leadership experience, makes you a perfect fit for the role.
Showcase Your Compliance Knowledge: In your application, emphasise your understanding of regulatory requirements and compliance standards. Provide examples of how you've successfully managed compliance issues or improved processes in previous roles.
Highlight Leadership Skills: Since the role requires people management experience, be sure to include specific instances where you've coached or trained team members. This will demonstrate your ability to lead and develop others effectively.
How to prepare for a job interview at DesignCafe
β¨Understand Compliance Regulations
Familiarise yourself with the key compliance regulations relevant to the role. Be prepared to discuss how you have navigated these in previous positions and how you would apply this knowledge at the company.
β¨Showcase Leadership Experience
Highlight your people management skills by sharing specific examples of how you've coached or trained team members. Discuss any challenges you faced and how you overcame them to foster a productive team environment.
β¨Demonstrate Problem-Solving Skills
Prepare to discuss instances where you've identified compliance issues and implemented solutions. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
β¨Communicate Clearly and Effectively
Since excellent communication is crucial for this role, practice explaining complex compliance concepts in simple terms. This will demonstrate your ability to convey important information to various stakeholders.