We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.
Our client, a major UK retail bank, provides every day banking services to over 17 million retail customers. The banks expertise and services span across Business Services, Corporate banking, Wealth Management, Group Functions, Retail and Investment Banking.
On behalf of this organization, AMS are actively seeking a Risk and Controls Manager - Conduct and Compliance Risk Assessment for a contract until the end of 2024 based in London (Hybrid working).
Purpose of the Role:
As a Risk and Controls Manager, you will play a key role in ensuring the effective design, implementation, and reporting of risk assessments within the markets business. As an integral part of the team, you will collaborate with various stakeholders to enhance and coordinate Risk Assessment (RA) development, ensuring alignment with the conduct and compliance governance process.
As a Risk and Controls Manager you will be responsible for:
- Specialising in Compliance Risk Assessment for Conduct and Compliance.
- Operating as a Subject Matter Expert (SME) in the design, implementation, and reporting of risk assessments within a markets business.
- Demonstrating a comprehensive understanding of various risk assessment types, providing insightful reporting on areas for convergence, alignment, and interconnectivity in financial markets.
- Playing a pivotal role in assisting the design, documentation, and execution of Compliance Risk Assessments in NWM, contributing to the overall effectiveness of risk management.
- Collaborating closely with the First Line of Defense (FLOD) and Second Line of Defense (SLOD) teams to ensure continual alignment, enhancement, and coordination of Risk Assessment (RA) development processes.
- Guaranteeing that the reporting of findings, including the results of assessment outputs, is precisely aligned with the conduct and compliance governance process, ensuring transparency and accountability.
- Providing essential support to the Head of Compliance Oversight Framework Project by actively engaging in workstream reporting, project management, and related governance activities.
- Taking a proactive role in ensuring the successful delivery of activities outlined in the Department of Justice (DoJ) remediation plan, meeting regulatory requirements and compliance standards.
- Actively contributing to the development of relevant artifacts that clearly demonstrate the completion of recommendations identified in the DoJ remediation plan, facilitating continuous improvement in compliance processes.
- Designing Risk Assessments (RAs) in line with regulatory requirements and expectations, ensuring alignment without compromising the quality and effectiveness of the solutions implemented.
- Facilitating collaboration and securing agreement from all contributors and stakeholders before initiating the governance process, ensuring a cohesive and collective approach.
- Acting in accordance with good corporate governance principles mandated by the Group, upholding high standards of ethical conduct and integrity.
- Offering informed and effective contributions to relevant Board(s) and Committees in line with the terms of reference, leveraging expertise to enhance overall governance and compliance frameworks.
What we require from the candidate:
- In-depth knowledge of Conduct Risk and Regulatory Compliance Risk Assessment in the context of a global financial services business.
- Detailed knowledge of investment banking-specific regulatory reporting obligations, regulations, regulatory guidance, and specialist regimes.
- Strong proven track record of Conduct & Compliance risk assessment.
- Demonstrated ability to work across various business lines and geographies.
- Robust understanding of financial services industry, global financial markets, products, risk management principles, regulatory framework, and controls.
Next steps
This client will only accept workers operating via an Umbrella or PAYE engagement model.
If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.
AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business