Senior Compliance Officer Functional Oversight Monitoring

  • Competitive
  • Den Helder, Noord-Holland, Netherlands Den Helder Noord-Holland NL
  • Permanent, Full time
  • ING
  • 24 May 18 2018-05-24

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;
  • In conjunction with the relevant Compliance "Account Manager", provide "aftercare" to reviewed entities to ensure follow up actions are promptly taken and sufficient support on recommendations issued is available;
  • 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 Corporate Compliance Risk Management (CCRM) experts, reviewed entities, lessons learned, into the FOM process and work plans;
  • Review audit reports to indentify 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 remedation;
  • 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 Corporate Compliance Risk Management 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 CCRM MT, CCRM expertise teams, Regional Compliance , local Compliance at entity level, local Senior Management, Legal and Corporate Audit Service.