Director, CFCR Assurance

About This Role

This Director role operates within a globally integrated and fungible operating model, working closely with others in the CFCR Assurance team to focus on delivering assurance reviews within the CFCR Assurance remit. Assurance is a Second Line defence function established under a delegated Mandate from the Group Chief Risk Officer and the Group Head of Conduct, Financial Crime and Compliance (CFCR). Its primary role is to provide a risk-based independent view to Senior Management in the business/functions, Second Line and the Board as to the effectiveness of the bank’s policies, processes, systems and controls.

Responsibilities

• Support the Co-Lead, CFCR Assurance in delivering a strategy for risk-based and data-enabled assurance coverage across CFCR Assurance, aligned to the Bank’s risk profile, regulatory expectations and internal commitments
• Support the agenda to drive a collaborative risk and control ecosystem across the three Lines of Defence, including effective reliance and remediation tracking
• Support the agenda to drive a culture of continuous improvement in assurance delivery, including consistent methodology application, strong documentation and evidence standards, and timely reporting and escalation
• Provide support on the delivery of the assurance plan and book of work to ensure alignment to CFCR Assurance priorities
• Maintain a strong quality culture across planning, fieldwork, reporting and issue validation
• Maintain strong awareness of CFCR Assurance regulatory expectations, internal policies/standards, and leading practices in risk management, control testing and assurance
• Work closely with teams across the three Lines of Defence, building good working relationships and engaging with 1LoD testing teams and Risk owners
• Follow the Group’s policies and standards, including how assurance work is carried out, issues are tracked, and documentation is kept clear and consistent
• Retest controls to support the assessment on both design and operating effectiveness across key processes
• Support the delivery of a dynamic plan that focuses assurance activity on areas of highest risk and greatest potential impact, including thematic work across geographies where appropriate
• Communicate issues and testing insights clearly to senior stakeholders as required, including through concise reporting, escalation and remediation validation

Requirements

• Strong assurance, risk and control testing, regulatory inspection within a banking environment
• Substantial experience in the banking industry, including demonstrated success in a similar role, including across a range of risk areas
• Experience in optimising processes, including via the use of technology
• Strong leadership qualities, excellent interpersonal skills and personal authority based on trusted relationships