Compliance Controls Officer

Description of the Business Line or Department

The Compliance Service Unit (CPLE) is responsible for the definition and consistency of the compliance risk prevention and control system, and for coordinating the framework aimed at preventing, identifying, assessing and controlling reputational risk.

In conjunction with the Business Units and other Service Units (BU/SUs), CPLE performs the following tasks with respect to compliance risk:

• defining and implementing the overall normative framework of the Compliance service and monitors its implementation;
• defining procedures and implementing a framework to ensure compliance with respect to compliance risks;
• awareness-raising among Group employees regarding compliance risk and the strengthening of the compliance culture within the Group;
• mapping and analysing Group compliance risk and general vigilance regarding issues likely to harm the Group's reputation or that of one of its activities;

Summary of the key purposes of the role

The mission of the UK Compliance Controls Officer is to conduct - primarily but not exclusively - risk-based reviews of SGLB and SGIL, with a focus on a specific perimeter as agreed with Management. The role includes, but is not limited to, the following responsibilities:

• Assist in the development and timely delivery of the annual control plan,
• Ensure timely tracking and resolution of CTL's recommendations,
• Maintain regular engagement and provide feedback with/to key business and Compliance stakeholders, and
• Ensure timely implementation of internal/external audit and regulator's recommendations assigned to CTL.

Summary of responsibilities

1. Development of the annual control plan

• Support the Manager in developing the annual risk-based second level control plan pertaining to his/her perimeter by reference to meetings with Business and Compliance stakeholders, the results of the compliance risk assessment and other relevant indicators (e.g. regulatory agenda, past regulatory examinations, compliance reviews or internal audits, etc.)

1. Delivery of the annual review plan and reporting

• Execute reviews and report results to the Manager. A typical review will include planning, fieldwork and reporting phases, and will require the following:

• Perform research and gather sufficient information to understand the theme/activity to be reviewed;
• Meet with business and Compliance stakeholders to understand the business and regulatory context;
• Perform walkthrough and document business processes through the use of workflows, where required;
• Formalise scoping document, design and execute testing programme;
• Document review work on the appropriate CTL templates/tools and timely escalate findings;
• Supervise and coordinate the work delegated to other team members, if applicable;
• Identify issues through testing and write draft findings/reports, including recommendations;
• Get clearance from Manager, issue report to stakeholders and validate recommendations/action plans; and
• Ensure that all the tools (e.g., E-Control, MyActions) are maintained up to date at all times.

• Submit draft reports to the Manager in charge to supervise the review prior to issuance and communication to the relevant business and Compliance stakeholders.
• Ensure timely tracking of CTL recommendations once the report is issued as assigned by the Manager and provide updated status in the relevant tool.
• Provide periodic updates of the review status to the Manager in charge and update the team's activity report on a monthly basis, as required. Comment on key risks/issues identified and highlight any risk of slippage, or provide justification for slippage, if the original delivery schedule is not going to be met.

1. Engagement with business line and Compliance stakeholders

• Manage communication to relevant business line and Compliance stakeholders as per the review life cycle,
• Participate in ad-hoc meetings with key business and Compliance stakeholders, as agreed with the Manager,
• Maintain knowledge of the business line organisation as well as its strategic developments and projects, and
• Engage with CTL teams in non-UK locations, if required.

1. Engagement with internal/external audit and regulators

• Support Manager in timely implementing internal/external audit and regulator's recommendations, when/if relevant/applicable, and
• Assist internal/external auditors and regulators during their investigations, as required, under Manager's supervision.

1. Other responsibilities

• Maintain a detailed and updated working knowledge of the FCA rules and regulations and any other relevant rules and regulations, and
• Mentor, coach and support any CTL new joiners, and when required and as directed by the Compliance Manager / Head of CTL staff from regional offices.

Competencies

Technical knowledge

• Working knowledge of regulations relating to financial services (FCA rules, EU directives, etc)
• Working knowledge of Capital Markets and Investment Banking operations and products
• Working knowledge of auditing standards / review techniques

General Competencies

• Negotiation skills
• Presentation skills
• Report writing skills
• Analytical & problem-solving skills
• Time management skills
• Team player & leadership qualities