Compliance Monitoring Risk Manager - Manchester, United Kingdom - Careers In Group

Careers In Group

Verified Company

Manchester, United Kingdom

2 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Compliance Monitoring Risk Manager

The Audit and Risk Recruitment Company (ARRC) has been mandated by our client, a global insurance giant, to assist in their search for a Compliance Monitoring Risk Manager, responsible for compliance monitoring reviews including operationalrisk.

You will be responsible for assisting in the delivery of robust second line assurance to the business.

You will be responsible for providing assurance either through functional or thematic reviews throughout the year, helping the business to understand compliance,operational & insurance risk and other business issues; preparation of action plans in order to resolve these issues; tracking actions through to completion and reporting on the same.

The role also offers international travel to locations such as Dubai, Dublin and Hong Kong, offering opportunities to learn about different regulations.

Role Responsibilities

Appraise the reliability of internal controls, identifying areas for improvement and monitoring corrective action
Assess adherence to relevant FCA & other rules, regulations, codes and internal policies and procedures
To plan, organize and carry out assurance activities as directed by the Head of Operational Risk and Compliance Monitoring
To collate, analyze and record business/management information in preparation for undertaking facetoface and deskbased monitoring work
To deliver effective, relevant and timely reports on findings of assurance activities undertaken in relation to compliance and regulatory control environment
Monitor performance and quality of corrective actions arising out of reports, providing guidance where needed, and maintain a well documented audit trail of work performed
Participating in the development of best practice risk models and methods to develop credible assurance and compliance processes and controls throughout the business
Provide Business Intelligence throughout the year which will help inform the revision of the Monitoring Plan and planning for the following year
Assist the process of identifying, monitoring and measuring risk, in conjunction with line management and other specialist functions (Internal Audit, Risk Team and Legal) so that risks affecting the business may be effectively managed
Assure the continued compliance with local regulatory rules and overseas Regulators where relevant and applicable, and any other local Codes of Practice

Experience and Qualifications

Professional qualification an advantage (e.g. Audit, Risk, Compliance or Accounting) e.g. International Compliance Association Governance, Risk & Compliance Diploma
Proven experience of working in compliance and risk within a UK regulated environment
Practical experience in implementing assurance and compliance monitoring frameworks, processes, tools and technology
Experience of implementing controls and developing risk frameworks
Experience of balancing business needs, goals and objectives with regulatory compliance to ensure appropriate decisions are made
Experience of analyzing and adapting to different situations requiring interpretative and constructive thinking and a considerable degree of evaluative judgement

**The Audit and Risk Recruitment Company - The Audit and Risk experts.