First Line of Defense Controls Officer (Level : Assistant Vice President)
This role will be responsible for supporting the development and implementation of a First Line of Defense program related to the policies and procedures developed that ensure business line compliance with regulatory obligations.
The role will be responsible for managing staff in the location who are responsible for different aspects of the Risk and Compliance programs.
The Controls Officer will engage with the various stakeholders to help develop the business unit specific project plans and drive the execution of the plan in line with established deadlines.
Each member of the team will collaborate with the global Compliance and Risk teams and other corporate and business teams supporting execution and monitoring activities.
In addition to building the program for compliance with regulatory obligations, the team will be responsible for implementing a program to maintain our inventory of controls that serve to manage or mitigate operational risk.
The program will be inclusive of recurring controls documentation and risk-based testing which will be led by the Controls Officer.
The team will establish and lead working groups to drive the program execution. They will be responsible for developing and preparing management reports for senior management for KRI / KPI as well as reporting project based updates.
The responsibilities include
Monitor the normal execution of critical / key controls across functions and then promptly raise exceptions
Monitor remediation steps and corrective action plans from control review findings to implementation
Assist in driving solutions, through project management of control enhancements where required by the business
Direct the submission of reports on control reviews undertaken, controls inventory maintenance and remediation activities to relevant stakeholders
Provide the business with a controls Subject Matter Expert advisory service, adopting a partnership approach, in order to minimize risk and offering solutions to mitigate and lessen the cost of risk
Establish strong relationships with key functional teams including first line of defense business lines, Operational Risk, Compliance, and Internal Audit.
Instill confidence by demonstrating credibility and expertise on control issues
Maintain the highest level of personal integrity in all dealings thereby mitigating reputational risk to the firm and its customers
Lead, motivate, develop and appraise controls assurance unit resources, ensuring individual and collective performance is maximized and meets the current and future needs of the business
Other tasks as required
Bachelor’s degree required, Masters or other advanced degree preferred
Experience with a large financial services firm or advisory / consulting firm including experience as an internal auditor, public accountant, compliance officer, or other controls-related services
Broad-based experience focused in risk management, regulatory compliance, control programs and project management
Ability to collaborate and drive execution at all levels within the organization
Exceptional ability to communicate in written and verbal formats to various situations and audiences
Demonstrated ability to lead or work on large global cross-functional projects and act as a change agent
Demonstrated ability to manage staff in a matrix environment
Strong communication, influencing, and collaboration skills
Excellent skills in MS Excel and Powerpoint
Self-motivated professional with the ability to work within deadlines and meet goals