Complinet | Recruitment | Jobhttp://www.complinet.com/recruitmentjobs/job/details/id/37425Competitive | Location: London | Sector: Compliance & RegulationSecurities & Wholesale BankingInvestment Banking/StockbrokingCommodities/FuturesLegal | Published: April 12th 2012 | <p>This client, a hugely successful Global Investment Bank, is currently recruiting for a Compliance specialist to join their UK-based Compliance Risk Review (CRR) team.</p> <p>The UK-based Compliance Risk Review (CRR) team is primarily responsible for risk-based compliance testing across the bank in their EMEA region. Outcomes of reviews are focused on business practice improvements and not just on routine identification of areas of inconsistency against internal or external requirements. The CRR team is also responsible for validating, reporting and tracking of progress against action plans established to mitigate findings.</p> <p><strong>Main Duties</strong></p> <p>The main duties of the role are to plan for and manage the execution of compliance reviews according to the established review schedule. <br /><br />Responsibilities include:</p> <ul> <li>Performing risk assessments to prioritise areas for review </li> <li>Identifying the scope and testing approach for reviews </li> <li>Provide coverage for EMEA regions - including occasional travelling to perform on-site reviews. </li> <li>Performing compliance reviews to include the following aspects: <br /> <ul> <li>Validating compliance against established policies and procedures and applicable regulations. <br /><br /> <p>Developing recommendations for corrective action based on review findings.</p> <p>Working with business compliance officers and management to agree on appropriate action plans.</p> <p>Writing reports presenting review results, articulating the rationale for findings, the risks posed and actions required to address those risks.</p> Following-up on action plans to verify that corrective action has been effectively implemented.</li> </ul> </li> </ul> <p><strong>Candidates should have the follwoing skills and experience:</strong></p> <ul> <li>Compliance experience, regulatory experience or operational risk management/audit experience, ideally having investment banking exposure. </li> <li>Bachelors Degree or equivalent work experience </li> <li>Good knowledge of UK and/or European regulatory rules and regulations. </li> </ul> <ul> <li>Good understanding of core investment banking business lines and products including; equities, fixed income, commodities and corporate finance activities. </li> <li>The ability to represent and enforce compliance while considering the needs of the business <br /><br /></li> </ul>