Assurance and Compliance Expert
4 days ago
About Our Job
We are looking for a highly skilled Enterprise Risk Management Specialist to join our team. As an Enterprise Risk Management Specialist, you will play a critical role in driving and executing the agreed Savings and Investments (S & I) Combined Assurance coverage plan.
Main Responsibilities:
- Develop the Assurance Plan through consultation with the respective Savings and Investments management team and various assurance providers across the three lines of defence.
- Plan the delivery of assigned assurances to a high quality and in line with Assurance Standard.
- Prepare announcement and scoping memos with key deliverables in terms of assurance timelines.
- Conduct walkthroughs to understand the area under review and risks inherent in the processes.
- Develop an in-depth knowledge of the business and use this knowledge to identify and assess risks and controls.
- Design and ensure the execution of approved sampling techniques, testing strategies on assurance reviews.
- Reviewing and testing Issue Closure packs and Milestone Conversion Packs before they are submitted to the Combined Assurance Provider.
Reporting Requirements:
- Anticipate potential barriers, issues, and management concerns and create action plans and recommendations to address these concerns in a timely manner.
- Draft high-quality reports with observations that are insightful, addressing the root cause, and have agreed actions that mitigate the risk and facilitate the remediation of issues until closure.
- Report on risks and apply recommendations for corrective and preventative action, whilst identifying opportunities to reduce risks.
- Evaluate, analyse, prepare, submit, and present required reports to various committees and governance structures to present progress and influence decision-making.
- Maintain effective processes and procedures and maintain data integrity to support Everyday Banking risk efforts.
- Capture the findings on Operational Risk Management System (ORMS) in a timely manner.
- Maintain a record of all issues reported by Combined Assurance Providers.
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