Compliance Controls Expert

Your challenge

The role of Compliance Controls Expert supports the Compliance department in managing and controlling various types of risks. These include:

• Support the development, documentation, and maintenance of the compliance control framework (second line of defense) within the assigned business units or processes to ensure that it complies with regulatory requirements and internal policies.
• Design, implementation, and improvement of preventive and detective controls to mitigate relevant risks.
• Development and maintenance of a Standard Operating Manual to document the final steps and procedures for the inspections.
• Maintenance of the central repository for controls and related documentation.
• Participate in change management initiatives by assessing and proposing improvements needed in the control framework when processes or products change.
• Definition of the consequence management protocol for identified control exceptions.

Control implementation

The independent controls defined in the Compliance Control Framework are carried out in accordance with the Bank’s risk and control methodology. These include:

• Conducting independent checks as defined in the Compliance Control Framework and documenting results and exceptions in accordance with established protocols.
• Maintaining appropriate audit documentation and reviewing evidence as appropriate.
• Collaborate with and provide guidance to responsible staff to ensure that timely corrective actions are taken in response to identified control failures.
• Delegating consequence management to designated employees in accordance with established protocols.

Risk and Control Assessment

The tasks include:

• Collaborate with policy and process owners and relevant stakeholders to identify control gaps, assess risk exposure, and recommend appropriate corrective actions.
• Monitoring and reporting on control performance indicators, including deficiencies, exceptions, and progress on corrective actions, to provide management with clear insights.
• Supporting and conducting periodic risk and control assessments, led and supported by Head Office/Operational Risk.
• Supporting and conducting thematic risk assessments, as needed.

Audit reporting

Supporting internal and external audit engagements and contributing to internal and external audit responses by preparing supporting documentation, explaining control deficiencies, and developing remediation plans.

Risk Culture and Stakeholder Management

The tasks include:

• Establishing and contributing to a trust-based partnership with stakeholders.
• Promoting a strong culture of compliance through training, guidance, and awareness-raising for employees in the business units.
• Stay up to date on evolving regulatory requirements, industry best practices, and updates to internal policies related to internal controls.
• Initiating and advising on appropriate measures