Qualification : CA/MBA
Roles and Responsibilities :
The Compliance Risk Control Group ("CRCG") is part of the Securities Division Compliance team which provides compliance coverage and support to the Equities and FICC (Fixed Income, Currency and Commodities) Sales and Trading businesses.
CRCG's primary function is to manage compliance and regulatory risk through the development and oversight of controls.
CRCG helps identify and prioritize the compliance and regulatory risks across the Securities Division businesses, and works to develop and/or enhance appropriate risk control measures to mitigate such risks. The controls include preventative front-end trading system controls and processes, surveillance reports and processes, and management information systems. Post development, CRCG maintains reviews and provides oversight of such controls to ensure the continuing integrity, relevance and proper performance of those controls.
Review and Oversight of Controls
Review of surveillance exceptions with Business Personnel and Compliance Officers.
Monitor that surveillance reviews are being performed properly from a qualitative and timeliness perspective.
Oversight of exception reviews generated by detective controls.
Identify enhancements to existing controls.
Test the integrity of system controls and surveillance reports by participating in testing programs and validating test results.
Participate in periodic risk assessments.
Development of Controls
Partner with Business Personnel, Compliance Officers, and Compliance Technology to develop and/or enhance system controls, surveillance's and associated procedures and training.
Apply a consistent approach across businesses, products and regions.
Develop associated functional specifications and testing scripts.
Management Information Systems
Develop and/or enhance systematic processes for escalating issues.
Develop and/or enhance tools to track repeat offenders and identify patterns of problematic activity across businesses, products and regions.
Coordinate issues, findings and practices with colleagues across regions and/or divisions.
Generation of management reports.
Reporting of exception reviews generated by detective controls.