Job Description

Key Accountabilities

• Design and implement effective levels of assurance for the Society to assure compliant and ethical delivery of services to our members through creation of the annual Assurance Plan and monthly Continuous Monitoring Plan.
• Lead the ongoing maintenance/status reporting of the annual Assurance Plan and monthly Continuous Monitoring Plan.
• Manage and lead review activities in response to Regulatory findings, emerging issues and other unplanned for initiatives.
• Ensure the Society complies with current regulation and meets its regulatory obligations (including Prudential Regulation) through robust assurance testing executed in line with the Risk & Compliance Methodology.
• Identify, remediate and mitigate risks for the Society (including Fraud & Financial Crime, Anti Bribery & Corruption, Conduct, Data Protection, Outsourcing & 3rd Party Risks).
• Co-ordinate with first line of defence (e.g., Operations) and 3rd line of defence (e.g., Audit) to provide comprehensive proportionate risk based assurance coverage.
• Adopt a risk based and proportionate approach to risk mitigation solutions working closely with the 1st line of defence to ensure operational success upon implementation.
• Proactive tracking and reporting of issues arising from Risk & Compliance review activities and Audit reviews providing validation of issue closure where appropriate.
• Support ongoing proactive Audit liaison as required.
• Utilise testing outputs and analysis to support and inform management of Risk & Compliance 3rd party providers/parameter changes required.
• Support the development of and drive the continuous enhancement of the Risk & Compliance Methodology.
• Contribute to a culture of risk and compliance awareness across the Society, developing understanding through ongoing education and up skilling.
• Contribute to the design, development and implementation of a new suite of Management Information to enable production of meaningful and value added MI to relevant committees to ensure risk and compliance priorities are known and understood.

Salary: competitive

Required Knowledge, Skills, and Abilities

A relevant International Compliance Association (ICA) or Institute of Internal Auditors (IIA) qualification is desirable. Drafting and informing annual assurance plans/compliance monitoring plans Managing and executing end to end assurance reviews Converting legislative requirements into assurance test scripts Adopting a risk based and proportionate approach to findings resolution Proactive tracking, reporting and validation of issue closure