The Compliance Specialist advises and guides teams on the identification of relevant compliance risks and performs assurance across the Group.
Key Responsibilities
- Perform effective monitoring and reporting of business compliance by conducting compliance monitoring reviews of high risk regulatory items within Business Units in line with the approved assurance plan.
- Distil new legislative requirements and effectively and practically translate the compliance requirements impacting on business operations, processes, and practices to the management of those business areas.
- Proactively consult with business areas in order to align compliance requirement to current and future business activities.
- Facilitate compliance risk management workshops within teams to identify relevant regulatory risks.
- Review operational transactions, procedures, and processes to determine whether they are compliant with relevant regulatory requirements.
- Identify and communicate compliance risk issues and/or irregularities and assess the adequacy and effectiveness of managements proposed mitigation and prevention plans.
- Prepare reports on individual compliance monitoring reviews.
- Participate in and contribute to high level summary reporting to business units.
- Participate in and contribute to Board Reporting for the Group.
- Assist in preparation and submission of reports.
- Manage and maintain positive relationships with internal and external stakeholders.
- Liaise across all risk management areas of the business to deliver a combined assurance approach.
