Job Details

Compliance and Operational Risk Specialist

London, United Kingdom, £400 - £500 , Contract

Posted: 22 hours ago


The Compliance and Operational Risk Specialist assists the C&OR officer team in activities to contribute to the independent compliance and operational risk oversight of Front Line Unit or Control Function performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy and the Compliance and Operational Risk Management and Standard Operating Procedures

The C&OR Specialist assists in engaging other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage to provide comprehensive oversight of activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The C&OR Specialist assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for regulatory exams/audits/inquiries.

The C&OR Specialist is accountable for assisting the C&OR Team in the proactive identification, escalation and timely mitigation of compliance and operational risks through the execution of some or all of the following activities:

* Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
* Contributes to the oversight of training which may include content development and/or tracking and communication of employee completion rates
* Assists with the development and maintenance of C&OR owned policies and standards and/or the oversight of department owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
* Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
* Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on issues and control enhancements
* Assists in re-mediating C&OR "owned" issues and control enhancements
* Contributes to risk coverage plan development, executes independent risk monitoring, testing, and risk assessments, communicates results
* Reviews and challenges processes, risk, control (PRC) inventory and Risk & Control Self-Assessment
* Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
* Assists with the development of risk metrics, monitors related performance and breach remediation

Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003

Job Details

London, United Kingdom
£400 - £500