Monitoring & Testing Job Description
Monitoring & testing
provides guidance of FINRA, SEC and other rules to assist member organizations in conducting business within regulatory guidelines.
Monitoring & Testing Duties & Responsibilities
To write an effective monitoring & testing job description, begin by listing detailed duties, responsibilities and expectations. We have included monitoring & testing job description templates that you can modify and use.
Sample responsibilities for this position include:
Assisting in the development/improvement of technology solutions that will aid IB Compliance M&T, and other Barclays M&T functions, in its work, in addition to liaising with the IB Product Compliance Verification Check team to ensure that technology and outputs are aligned where practicable
Responsibility for maintaining up-to-date procedures for own role the library of procedures used by the wider teams
Proactively anticipate and provide solutions to complex issues which will involve frequent interaction with senior business heads and compliance management in the Americas region
Maintain a broad knowledge of the Firm’s business and regulatory framework in which it operates and determine relevance and applicability to the IB Compliance M&T Front Office/Desk Branch review programs
Analysis of regulations and internal rules for each review topic
Identification key controls for each review topic
Creation of test strategies to verify controls and confirm compliance with applicable rules and policies
Interviews with business employees responsible for a particular area and review of working materials, to test controls
Provide appropriate support to Compliance personnel in undertaking work required to address specific issues identified through compliance monitoring, internal audit and external regulatory reviews
Act as the Monitoring and Testing system administrator
Monitoring & Testing Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Monitoring & Testing
List any licenses or certifications required by the position: CRCM, ACAMS, CIA, CISA, CPA, CRMA, CAMS, IAPP, CISSP, CISM
Education for Monitoring & Testing
Typically a job would require a certain level of education.
Employers hiring for the monitoring & testing job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Education, Finance, Management, Financial Services, Accounting, Law, Computer Science, MBA, Accountancy
Skills for Monitoring & Testing
Desired skills for monitoring & testing include:
Business structure showing leadership in an unstructured environment and keeping up-to-date with changes in the HSBC Group
FINRA
RC & FCC team and with the active participation of senior managers in the Business
Excel and PowerPoint
Microsoft Word
SEC and other regulatory rules and regulations
Banking products
Data Analytics
European regulatory rules and regulations and their practical application
Key current rules and regulations governing the bank activities and its subsidiaries
Desired experience for monitoring & testing includes:
Excellent communication and interpersonal skills, able to interact with people at all levels, comfortable interacting with and presenting to all levels of management
Ability to multitask, prioritize conflicting needs and work in a high pressured environment
Strong analytical skills, able to dissect complex problems and synthesize large amounts of information
Advanced PowerPoint skills/ability to pull together an executive level presentation/storyline
Positions designated as “general compliance” are typically focused on major lines of businesses within the Company
English and Japanese language skills
Monitoring & Testing Examples
1
Monitoring & Testing Job Description
Job Description Example
Our growing company is hiring for a monitoring & testing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for monitoring & testing
- The Analyst will be a key member of the Central Compliance team, assisting senior management to appraise the systems and controls associated with regulatory risks (as per an on-going risk assessment process) facing the various lines of Business
- Engage with key stakeholders within relevant lines of business and with relevant control function team members (senior compliance management, audit and operational risk) to effectively plan their Testing activity
- Perform 'fieldwork' within the relevant lines of business and test system and control effectiveness and design
- Raise appropriate recommendations for system and control enhancements and formally agree associated action plans
- Formally document review activity and raise findings within 'Compliance Activity Reports' and following a quality assurance process, submit these to senior management
- Work with risk colleagues and lines of business to formally track issues to closure
- Work on reviews both in the capacity of lead reviewer participant in the reviews led by other team members to ensure that the Annual Monitoring Plan is completed in a timely manner and to the highest standards
- Work collaboratively with Compliance colleagues throughout EMEA to make recommendations for change to Policies, Projects, Training and or Monitoring Plans as appropriate
- Assist with other Central Compliance activities as required by senior management from time to time
- Attend all relevant global and EMEA conference calls, meetings and Committees in order to discuss RCRM, Testing and Compliance standards and issues raised
Qualifications for monitoring & testing
- Develop Business Partnerships
- Must enjoy being a member of a cohesive team
- Ideally will have previous experience within compliance monitoring and testing at a bank
- Ability to support decisions with sound reasoning
- 10+ years relevant Compliance and/or Investment Management experience or other related experience such as legal, risk management, audit , operations controls or similar
- Good organizational skills with the ability to share the workload of the testing team and prioritize in order to meet tight deadlines
2
Monitoring & Testing Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of monitoring & testing. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for monitoring & testing
- Coordinate cross-functional projects to design and develop new quantitative data analytics and related solutions for Compliance Monitoring and Testing
- Maintaining a broad knowledge of the Bank's business and regulatory framework in which it operates
- Developing relationships with business compliance officers and management to keep abreast of current business developments and regulatory issues that may impact the risk environment of the Firm
- Enhancing monitoring results through group planning, feedback, and development efforts
- Providing assistance to the non-hub offices with regard to onsite and offsite inspections
- Educating the Businesses on lessons learned from regulatory incidents and internally identified issues
- Building relationships with the relevant business stakeholders, Business Management offices, Divisional Control teams and Infrastructure functions
- Developing and maintaining appropriate Management Information to inform Senior Management of pertinent matters
- Assisting in any ad-hoc projects as necessary
- Work with Compliance Practices colleagues to develop tactical solutions to enhance and automate ad hoc MIS reporting requirements, develop analytical reporting to support the Compliance Risk Assessment and Monitoring & Testing processes
Qualifications for monitoring & testing
- Ideally will have previous experience within monitoring/reviews and CASS
- While not a prerequisite, fluency in written and spoken English and Korean or Mandarin will be highly advantageous
- Passion for technical compliance and be interested in conducting wide-scale investigative reviews
- Highly detail-oriented, motivated, intellectually curious individual with outstanding time-management, analytical and communication skills
- Quick and sharp individual who relishes the challenges of understanding and interpreting regulations and processes across different businesses and jurisdictions
- Have an audit and / or relevant industry qualifications, or a university degree
3
Monitoring & Testing Job Description
Job Description Example
Our company is growing rapidly and is hiring for a monitoring & testing. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for monitoring & testing
- Conduct independent testing within the business for control accuracy
- Conducting compliance testing and monitoring to evaluate the effectiveness of the internal controls the Bank has established to comply with applicable regulatory requirements for assigned areas of the review
- Assisting in executing the annual testing and monitoring program
- Completing the reviews such that they comply with the Corporate Compliance Testing Standards & Methodology and the Bank Compliance Testing & Monitoring Procedures
- Completing the reviews timely and adequately document the evaluation of the effectiveness of the internal controls
- Maintaining a strong working knowledge of federal regulations applicable to the assigned areas of the review
- Maintaining working knowledge the CFPB Exam Procedures and OCC Consumer Compliance Exam Procedures for assigned areas of the review
- Identifying and validating issues - during testing & monitoring- in order to conclude on the effectiveness of the controls to comply with Bank policy or applicable regulatory requirements
- Assisting to ensure compliance issues identified from testing and monitoring program are, followed-up, and corrective action plans are properly executed to comply with Bank policy or applicable regulatory requirements
- Drafting standard and special purpose reports which evaluate the effectiveness of the controls to ensure compliance with Bank Policy and regulatory requirements
Qualifications for monitoring & testing
- Fluent in English, knowledge of another Asian language a plus
- Strong team player receptive to exchange of ideas and constructive feedback
- Good knowledge of banking and securities laws, regulations, directives and regulatory expectations
- Good knowledge of financial services and products offered by an international financial institution
- The ability to generate innovative ideas and challenge the status quo
- Certified Internal Auditor (CIA) or ACAMS Audit certificate preferred
4
Monitoring & Testing Job Description
Job Description Example
Our growing company is looking for a monitoring & testing. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for monitoring & testing
- Creates and maintains robust end-user, process and technical documentation to support the Compliance Monitoring and Testing Program, Compliance systems and tools, and Anti-Corruption analytics solutions
- Communicates effectively in both writing and verbally to drive an understanding of the results of analytical procedures and solutions
- Acts as a technical expert and participates in cross-functional initiatives to partner with other core Compliance teams, Country and Business Unit Management, and IT
- Work with Compliance Practices colleagues to develop tactical solutions to enhance and automate ad hoc MIS reporting requirements, develop analytical reporting to support Monitoring and Testing processes
- Support the design and implementation of the Monitoring Optimization and Tuning program, partnering with data scientists in QDA, Technology and with stakeholders in Compliance Monitoring and Compliance Testing
- Design robust and comprehensive alert quality testing and analysis, recommend reporting analytics to reassure the performance of the various monitoring scenarios
- Conduct business analysis on compliance monitoring and testing data to identify key risks and areas for program improvement
- Keep abreast of industry standards and regulatory trends in the control validation, testing and tuning space (including Model Risk Management)
- Help to drive innovation and continuous improvement within the global Compliance Monitoring and Testing programs through management of related strategic projects the development and implementation of global frameworks and best practices
- Individual to supervise aspects of the BSA/AML and OFAC risk assessments, and work related to the monitoring and testing of the BSA/AML and OFAC compliance program
Qualifications for monitoring & testing
- Auditing/examination skills
- Well-developed writing ability
- Comfortable communicating with all levels of personnel within a large financial institution
- Demonstrated ability to follow up upon and evaluate corrective actions taken by reviewed entities
- Knowledge of broker dealer and banking regulations
- Ability to evaluate the effectiveness of business policies and procedures
5
Monitoring & Testing Job Description
Job Description Example
Our innovative and growing company is hiring for a monitoring & testing. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for monitoring & testing
- Researching, exploring and staying up to date on industry and market news/topics relating to data analytics (e.g., trends, products/tools, issues, regulatory expectations)
- Reviewing testing scripts/scope relating to the AMT Annual Testing Plan and proposing testing activities that can be accomplished through data analytics (and executing testing as appropriate)
- Individual will analyze results and work products of the team
- Provide feedback as needed to deliver effective output
- Individual must have prior management/supervisory experience
- BSA/AML/OFAC knowledge
- And auditing experience
- Assist with the development and implementation of monitoring and testing within the Alternatives platform
- Conduct monitoring and reviews to ensure compliance with internal policies and procedures in accordance with Rule 206(4)-7
- Lead strategic planning/requirements sessions geared towards defining the Monitoring & Testing roadmap and the end to end solution
Qualifications for monitoring & testing
- Microsoft Office Suite of programs
- 5+ years experience in the broker dealer or banking space
- Prior audit, compliance, branch examination exposure
- At least 2 years of Auto Finance Operations experience
- At least 2 years of Servicing experience
- At least 3 years of Auto Finance Operations