Senior Compliance Officer Functional Oversight Monitoring

  • Competitive
  • Den Helder, Noord-Holland, Netherlands
  • Self Employed, Full time
  • ING
  • 20 Mar 19

Senior Compliance Officer Functional Oversight Monitoring

Job description
The role of the Senior Compliance Officer Functional Oversight Monitoring (FOM) is to ensure high quality and consistency in the execution of bank-wide compliance practices by conducting independent oversight monitoring reviews.

The following responsibilities and accountabilities are key to the position:

  • Draft annual FOM plan and related workplans and execute monitoring reviews accordingly;
  • Issue recommendations to Senior Management if deficiencies or areas for improvement are identified;
  • Enhance monitoring methodologies as continuous process and share best practices, based on FOM reviews, within the Compliance community
  • Ensure continuous FOM process improvement (e.g. feed input from Compliance Risk Management Expertise teams (Corporate), reviewed entities, lessons learned), into the FOM process and work plans;
  • Review audit reports to identify key compliance issues and/or trends and report to the Bank Compliance Risk Management Team;
  • By using the available data (via internal central system and/or other internal reports) provides regular insight in the state of Compliance for ING, the status of the Compliance Function and the Compliance Community.
  • Conduct qualitative reviews on compliance issues remediated to ensure true and effective remediation;
  • Provide hands-on assistance to local ING entities when required or requested;
  • Promote the use of the central tracking and monitoring system to facilitate/support compliance risk management activities;

Your work environment
Functional Oversight Monitoring (FOM) is a team within Regulatory Compliance & Conduct organisation, mandated by the Bank Compliance Risk Management Team to execute independent qualitative compliance monitoring reviews world-wide. The team aims to ensure high quality and consistency in the execution of Compliance practises throughout ING Bank. The team is a Corporate 2nd Line of Defence function, consisting of experienced Compliance Officers, and has been operational since June 2014. The team conducts various reviews per year, along with providing ad-hoc and on-site compliance support to ING entities world-wide. FOM team has a wide range of relationships within ING, including Expertise teams, Regional Compliance, local Compliance at entity level, local Senior Management, Legal and Corporate Audit Service.

Who are we looking for?
Competencies:
  • A minimum of 5 years of Compliance related experience within the banking industry;
  • Excellent command of English, both verbal and written;
  • Excellent report writing skills;
  • Ability to quickly analyze data/compliance processes/compliance practices, draw conclusions and make recommendations;
  • Ability to negotiate and influence stakeholders, including Senior Management;
  • Willingness and ability to travel and stay frequently abroad;
  • Team player able to challenge and sound board with other team members;
  • Ability to work independently;
  • Experience in executing audits on Compliance Risk Management is a plus.

Required Skills:
  • Highly developed sense of integrity and ethics.
  • Strong sense of accountability: delivers on promise, takes ownership, pro-active, can do attitude, etc.
  • Effective communication skills, ability to influence others and effectively advise, and provide information (either written or orally) in English.
  • Organizational skills and ability to coordinate and mobilize the necessary personnel to manage the workload, even under time pressure.
  • Sharp ability to identify and diagnose compliance related issues.
  • Strong decision-making skills.
  • Investigation and inspection skills.
  • Ability to participate in and / or manage complex and cross-departmental and cross-functional projects.