Head of Risk, Monitoring, and Policy

• Locations One, Bank Street, London, E14 4SG
  , GB (On-site)
• Contract Type Permanent

The Risk and Compliance Monitoring Team is a Second Line of Defence function responsible for assessing the adequacy and effectiveness of the arrangements that the business has put in place to facilitate compliance with their regulatory obligations and manage their operational risks.

Its activity is defined by the annual Compliance Monitoring Plan (CMP) and Controls framework which are based on the key risks identified during the Compliance Risk Assessment (CRA) process, and other risk indicators such as operational loss events and business unit risk and control assessments (RCSA). The plans include a combination of thematic reviews, validation testing, controls testing, and mandatory controls and monitoring driven by specific regulatory requirements or internal undertakings.

The Monitoring team is responsible for the governance and oversight of the firms policy framework to ensure that UBP UK has in place the appropriate policies to govern the business.

• Run the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP) in addition to overseeing the control framework on a transversal basis for UBP UK its branches and the UBP SA Jersey branch of UBP SA.
• Collaboration with the Compliance teams and the business to proactively identify key emerging compliance risks across Union Bancaire Privée (UBP) UK and UBP SAJ and engage effectively with business unit contacts and management to incorporate into the CRA and Monitoring plan and activities.
• Manage and track identified actions resulting from monitoring issues to resolution.
• Assist senior management in ensuring that the firm establishes and maintains appropriate policies, procedures, systems, and controls to meet its regulatory obligations and requirements.
• Design, developmentment and maintenance of the periodic monitoring controls undertaken by the Compliance Monitoring team across the remit of Compliance.
• Manage and oversee the UBP UK Policy framework including responsibility for the policy committee and policy approval process
• Ensure that the organsion can maintain accurate and complete records in accordance with Union Bancaire Privée (UBP) UK policies and procedures, ensuring strong version control and detailed recordkeeping
• Support UBP UK in complying with all relevant legislation, rules, regulations, and codes of conduct.
• Safeguard the reputation of Union Bancaire Privée (UBP) UK.

• Ongoing ownership and maintenance of the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP).
• Act as the point of contact and Subject Matter Expert for Compliance monitoring activities executed by the Compliance Monitoring Team.
• Manage and maintain the Union Bancaire Privée (UBP) UK Key Compliance Risk (KCR) library and Mandatory Monitoring List.
• Ownership and oversight for maintaining rule mapping documents for UBP UK entities and UBP SAJ branch of UBP SA.
• Maintain the annual CMP, including management of requests to update or amend the CMP throughout the year to accommodate any additional regulatory changes and/or other trigger events which may occur. This includes ensuring that the appropriate approvals at Audit Committee have been obtained.
• Maintaining the policies, desk-top procedures and templates required to undertake both periodic and thematic monitoring reviews.
• Manage and coordinate periodic CRA “Check Points” and updates
• Design, development and and maintenance of the periodic monitoring controls undertaken by the Compliance Monitoring team across the remit of Compliance in collaboration with the Head of Regulatory Compliance and the Head of Financial Crime Compliance. This includes the amendment, addition or removal of controls as required, these amendments may be the result of changes in regulations, business strategy, products/services or findings from monitoring or internal audit reviews.
• Oversight of the control framework and the controls undertaken by 1
  
  LOD and 1
  
  LODB
• Publish monitoring reports for these activities to the relevant Registered Compliance…