Compliance Monitoring Manager Job Description
Compliance monitoring manager
provides technical expertise on complex issues around FCA regulations registration, ongoing compliance issues and reporting (financial and non-financial).
Compliance Monitoring Manager Duties & Responsibilities
To write an effective compliance monitoring manager job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance monitoring manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for providing compliance support to the Consumer Bank segment
Partner with the assigned line of business, Risk, Audit, Legal and Control partners to monitor, implement and test that sound compliance programs are in place
Evaluate effectiveness of available metrics and enhance or design new metrics to identify trends, patterns, or potential areas of concern
Provide Compliance advice to the line of business on the implementation of appropriate actions plans to address identified gaps
To support the Head of Compliance in developing the Country Compliance Monitoring Plan
To execute the country monitoring plan and undertake compliance monitoring in line with agreed timeframes
To perform interpretive risk based compliance monitoring reviews to obtain assurance as to compliance with regulatory requirements
To produce formal reports for submission to Head of Compliance and Risk Committees and other key stakeholders
To escalate issues that are identified in accordance with the Group Compliance Monitoring Methodology
To monitor compliance with core procedures, such as CDD and Suitability
Compliance Monitoring Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Monitoring Manager
List any licenses or certifications required by the position: CFE, CIA, CRCM, CCEP, AML, CAMS, ACAMS, CPA, ATO, AOC
Education for Compliance Monitoring Manager
Typically a job would require a certain level of education.
Employers hiring for the compliance monitoring manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Accounting, Law, Finance, Management, Graduate, Education, MBA, Auditing, Legal
Skills for Compliance Monitoring Manager
Desired skills for compliance monitoring manager include:
Aviation Regulations and an Airlines Management System in particular
Compliance monitoring and SMS
Any other regional languages will be an advantage
FCA
Microsoft office packages needed
Own subject expertise
PRA Rules
Relevant legislation and regulations
Requirements of FCA rules and guidance
Aircraft type gained through a formalised training course
Desired experience for compliance monitoring manager includes:
To undertake root cause analysis on issues identified through monitoring and ensure that any remediation and broader procedural changes that may be proposed are implemented within the stipulated timeframes
Ideally will have previous experience within compliance at a private bank
Support the development of a risk-based Annual Monitoring plan in accordance with Monitoring practices ensuring coverage of all key risks identified
Keep abreast of legal and regulatory changes and monitoring standards
Prepare reports on issues and findings of monitoring, including rating findings and agreeing owners and actions with the functions
Manage the performance of the EMEA Compliance Testing & Monitoring Program, including the FCRM Testing Team and the General Regulatory Testing team, it's team members and related activities on a continuing basis, taking appropriate steps to improve effectiveness across the region
Compliance Monitoring Manager Examples
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Compliance Monitoring Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a compliance monitoring manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance monitoring manager
- Delivery of risk-based compliance reviews and reports, focused on areas of elevated regulatory risk based on a formal assessment and analysis
- Tracking findings and actions from compliance reviews through to verification and closure
- Contribute to development and production of suite of management information for senior stakeholders, including KPIs, KRIs and trending
- Collaborate with Head of team and colleagues in on-going development of compliance review plan
- Proactive identification of regulatory compliance risk, to feed into periodic review of the annual plan
- Drive forward excellence in execution of the compliance review plan and supporting activities, identifying opportunities to enhance the programme where possible
- Significant engagement with a range of stakeholders within the business and the functions across Europe
- The successful candidate will be responsible for executing the compliance monitoring program through planning and undertaking desk-based and thematic reviews to identify areas of concern, communicating them to key stakeholders and management and follow through of corrective actions
- Establishing frameworks for accurate compliance and risk assessment
- Provide compliance advisory to the senior managers
Qualifications for compliance monitoring manager
- Global organizational audit, risk management, compliance and business expertise
- Holding or making significant progress in achieving vocational qualifications
- In-depth knowledge and understanding of risks and controls, compliance related practices and methodologies, including risk assessment, monitoring/surveillance and testing activities
- Experience working in relevant environment/s, UK Financial Services, having demonstrable knowledge of regulatory environment and associated risks
- Role relevant qualifications, a professional Level 4 Investment Advice Diploma (or equivalent)
- Past working experience in a relevant role, risk based monitoring, such as within a Compliance, Audit, Risk and/or Supervisory role, with a comprehensive understanding of risk management and proven experience of ensuring own/others compliance with relevant regulatory processes
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Compliance Monitoring Manager Job Description
Job Description Example
Our growing company is looking for a compliance monitoring manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance monitoring manager
- Serve as a compliance subject matter expert on external regulations and internal processes, policies and procedures relevant to identified areas of monitoring and auditing
- Collaborate with internal Ethics & Compliance team members and relevant business stakeholders to identify areas of compliance risk
- Accurately and completely document monitoring/auditing results and findings, gather supporting information and prepare reports of key trends and findings from these activities for communication to relevant stakeholders and/or management
- Proactively work with relevant stakeholders to track, and drive as necessary, the remediation of any monitoring/auditing findings and related follow up activities
- Position can be remotely based
- Requires data input into and collection from varying systems in relation to monitoring activities
- Communicate findings and recommendations to management, help determine root causes, obtain management's action plan for remediation in a timely manner and track actions through resolution
- Provide updates on the state of the Compliance Monitoring Program for the quarterly report to the Audit Committee of the Board
- Maintain system for tracking and monitoring risk mitigation activities
- Stay abreast of the regulatory environment and expectations through discussions with peers, seminars, webinars, roundtables presented by regulatory agencies, law firms, compliance associations
Qualifications for compliance monitoring manager
- Assist the Director with the strategic direction and effective management of the group
- Ideally will have previous experience within Compliance Monitoring
- Experience managing projects with the ability to manage multiple projects/assignments concurrently
- Demonstrated ability to make fact-based analyses and decisions
- Experience with use of analytical tools for data analysis
- A minimum of 3+ years working in a corporate setting providing project and/or analytical support
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Compliance Monitoring Manager Job Description
Job Description Example
Our growing company is hiring for a compliance monitoring manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance monitoring manager
- Consider the adequacy of the monitoring and controls framework, including first line controls, in the light of instruction and guidance from regulators, markets standards boards and internal initiatives such Group Compliance transversal topics
- Possess a high degree of commercial acumen, able to balance pragmatism with the detail focus required by the role
- Responsible for managing unit staff as they perform their monitoring activities of CHS’ Part D Program, including Coverage Determinations, Appeals, Grievances, Formulary Administration (FA) and Medication Therapy Management (MTM)
- Review and address more complicated and/or troublesome Part D coverage determinations, appeals, and grievances (CDAG), Medication Therapy Management (MTM), and Formulary Administration (FA) matters
- Lead a team of experts who review and assess performance by any First Tier Entity (FTE) to whom responsibility for any Part D-related function has been delegated
- Provide regulatory interpretation guidance to any necessary party (including compliance staff) throughout the Part D monitoring process
- Remain aware of industry changes and/or trends, and use that knowledge to ensure that all Part D operating plans, CAPs and policies/procedures are consistent with current guidance
- Manage relationships with internal and external partners, as needed, and optimize those interactions
- Ensure the delivery of well-crafted and appropriate Part D training to business and compliance staff
- Provide feedback and input to the Compliance Risk Assessment team and process
Qualifications for compliance monitoring manager
- Demonstrated ability to communicate and collaborate across the organization at multiple levels
- Demonstrated planning & organizing skills, detail oriented with the ability to meet deadlines
- High degree of proficiency with spreadsheets, databases and project management systems
- Ability to use independent judgment and to produce error-free work product in a timely fashion with minimal guidance
- Ability to engage and lead team members to achieve results
- Ability to learn about BI products and varying business functions
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Compliance Monitoring Manager Job Description
Job Description Example
Our growing company is looking to fill the role of compliance monitoring manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance monitoring manager
- Draft reports summarizing the results of risk assessments, which are clear, concise, and provide value to management
- Obtain stakeholder buy-in for remediation and mitigation plans that arise from risk assessment exercises
- Work within RSA’s Archer GRC system to track risk assessment exercises, the mitigation activities that arise from those exercises
- Integration and communication of compliance controls into the scope of existing business practices company-wide through normal day to day business interactions
- Support of formal compliance guidance and training through various methods including formal presentations, on-line training, workshops, written materials and response to business owner requests
- Coordinate and manage investigations reporting findings, overseeing
- Reports to the Risk Assessment and Monitoring Director within CHS’ Compliance Department
- Responsible for designing and performing monitoring processes related to Part D MTM to ensure compliance with governmental and internal requirements
- Collaborates with the Compliance Department Part D monitoring team on important issues related to MTM provides clinical input on matters related to the monitoring of coverage determinations, appeals, and grievances (CDAG) and formulary administration when needed
- Collaborates with the Risk Assessment Manager to provide monitoring results for updates to the baseline risk assessment to ensure changes in the risk environment are captured
Qualifications for compliance monitoring manager
- Ability to analyze large amounts of complex data for presentation to senior levels of the organization
- Pharmaceutical, compliance, legal or audit experience required
- Demonstrated ability to establish strategic plans and supervise work, including the work of others, against such plans
- Ability to work independently with minimal supervision, use independent judgment and to produce error-free work product in a timely fashion with minimal guidance
- Minimum 5 years of audit, risk assessment or compliance program management experience
- Experience working in healthcare or other highly regulated industry a plus
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Compliance Monitoring Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for a compliance monitoring manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance monitoring manager
- Collaborates with Compliance CAP team and Business Owners to ensure that CAP root causes and action plans are tailored and appropriate for the deficiencies identified
- Develops meaningful and appropriate reports of monitoring results to support the Compliance program to various leadership and senior management groups
- Remains aware of Centers for Medicare and Medicaid regulatory changes and/or trends
- Conduct daily trade surveillances related to potential violations of the Securities Exchange Act of 1934 (insider trading and market manipulation) and conflicts of interests related to fiduciary responsibilities for equity and/or fixed income products
- Coordinate with the Technology Surveillance team to enhance current surveillances and create new surveillances, as needed
- Conduct research and obtain supporting data for the preparation of regulatory reports and filings
- Coordinate with global compliance colleagues in the development and enhancement of surveillances and the preparation of related documentation
- Assist in the new deal pre-clearance process
- Field inquiries via the Compliance Hotline advisory questions from the business
- Chaperone Expert Network calls and other calls/meetings between the business and other entities, as needed
Qualifications for compliance monitoring manager
- Deep knowledge of businesses and products within complex financial services organizations
- Minimum 5 years of experience in performing technical controls assessments in direct support of compliance efforts (HIPAA, SOX, PCI, ) and a strong background in information security and compliance
- Relevant certification(s) such as CISSP, CISA, CRISC
- Proven ability to succeed in cross-functional teams through influence management
- Minimum of five years of Medicare Advantage and/or Prescription Drug plan compliance/investigation/monitoring experience
- Intimate working knowledge of Part D regulations, including MTM and FA