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Risk & Compliance Monitoring & Oversight Manager

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abrdn

3mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Edinburgh

AI generated summary

  • You must have experience in compliance monitoring, extensive risk and regulatory knowledge in asset management, and develop oversight methodologies. Familiarity with current compliance trends is essential.
  • You will execute M&O reviews, manage staff development, draft reports, liaise with Risk & Compliance teams, and contribute to the M&O Plan using a risk-based methodology.

Requirements

  • Experience of undertaking compliance monitoring reviews to a high level of quality and consistency within a demanding environment.
  • Extensive risk management and regulatory compliance knowledge within the asset management industry, including a good understanding of UK, EU, and other international regulatory requirements. Specialist SME knowledge of key regulations is an advantage.
  • Experience of developing monitoring and oversight methodology to ensure reviews are undertaken to an agreed standard to meet industry best practice.
  • Knowledge of current and emerging regulatory compliance 'hot topics' and market trends, methods, and tools in respect of monitoring & oversight.

Responsibilities

  • Supporting the delivery of the M&O Plan through timely execution of reviews and ensuring that all work meets the appropriate quality standards.
  • Supporting and managing staff where appropriate and ensuring they continue to develop in line with business needs.
  • Undertaking all aspects of Monitoring & Oversight (M&O) reviews including determining scope and agreeing terms of reference, fieldwork, and analysis, drafting reports, and agreeing actions with business management.
  • Liaising with the Risk & Compliance Business Partnering Teams regarding emerging themes and review findings to incorporate these into the advice provided to the business.
  • Providing input into the development and documentation of the M&O Plan using a defined and robust risk-based methodology.

FAQs

What is the primary purpose of the Risk & Compliance Monitoring & Oversight Manager role?

The primary purpose of the role is to ensure that abrdn's business activities comply with regulatory requirements and to deliver programmes of reviews of regulatory compliance and control across various business functions.

What types of regulatory compliance will the manager be dealing with?

The manager will be dealing with areas such as financial crime, anti-money laundering, anti-bribery and corruption, data privacy, and sanctions.

What are some key responsibilities of the Risk & Compliance Monitoring & Oversight Manager?

Key responsibilities include executing reviews, managing staff development, conducting Monitoring & Oversight reviews, liaising with Risk & Compliance Business Partnering Teams, and contributing to the M&O Plan development.

What experience is required for this role?

The role requires experience of undertaking compliance monitoring reviews, extensive risk management and regulatory compliance knowledge within the asset management industry, and the ability to develop monitoring and oversight methodology.

What benefits does abrdn provide to its employees?

Employees receive benefits including 40 days of annual leave, a 16% employer pension contribution, discretionary performance-based bonuses, private healthcare, and flexible benefits such as gym discounts and season ticket loans.

Is there a commitment to diversity and inclusion at abrdn?

Yes, abrdn is committed to providing an inclusive workplace where all forms of difference are valued, promoting a culture that supports diversity in various aspects including age, gender, disability, and more.

How does abrdn support applicants with disabilities?

Abrdn is a Disability Confident Committed employer and offers support to applicants with disabilities throughout the application process. Those needing adjustments should notify the company as part of their application.

What kind of knowledge is beneficial for candidates applying for this position?

Beneficial knowledge includes understanding current and emerging regulatory compliance 'hot topics', market trends, and developing methods and tools for monitoring and oversight.

What department does the Monitoring & Oversight unit belong to?

The Monitoring & Oversight unit is part of the Risk and Compliance function at abrdn.

What type of methodology will the manager help develop?

The manager will help develop and document a defined and robust risk-based methodology for conducting Monitoring & Oversight reviews.

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abrdn

Finance
Industry
5001-10,000
Employees

Mission & Purpose

At abrdn, we empower our clients to plan, save and invest for their futures. We structure our business into three areas – and together they reflect our focus on enabling our clients to be better investors:Investments: We work with clients to create solutions across markets, asset classes and investment strategies – combining our global network of investment professionals with research, data and technology. Adviser: We offer market-leading platform technology and tools that enable UK wealth managers and financial advisers to look after the diverse needs of their clients. Personal: We help people throughout the UK plan for their financial futures – through our financial planning business, our digital direct-to-consumer services and discretionary fund management services. Through the expertise, insight and innovation of our team, we aim to help clients create more ways for money to make an impact. We set our sights on giving them more confidence to achieve their goals, and more clarity about what they need next. And we focus on delivering outcomes that are more than just financial – by investing sustainably to build a better world. We’re a global business. We manage and administer £532 billion of assets for our clients, and we have over 1 million shareholders. (Figures as at 30 June 2021)Capital at Risk.