Role Objective:
This role serves as a first (1st) line defense and collaborates with 2nd line defense teams to embed compliance, quality assurance and risk management in the various transformation programs at initiation stage.
Key Functions:
Oversees and ensures that 1st line compliance, quality assurance, and risk management aspects of transformation initiatives are embedded at conceptualization phase.
Ensures that all transformation activities are subjected to legal, regulatory, and internal governance conformance checks as required across Equity Group entities.
Provides independent assurance that transformation projects are delivering value, mitigating risks, and maintaining compliance in alignment with Equity Group AARP.
Responsibilities:
Regulatory Compliance
Ensure that all transformation projects adhere to applicable regulatory requirements across different jurisdictions (e.g., financial regulations, data privacy laws, cybersecurity regulations).
Compliance Audits: Conduct regular compliance audits across transformation initiatives to ensure adherence to regulatory frameworks and internal policies.
Legal and Regulatory Liaison: Act as the point of contact for legal and regulatory bodies, ensuring that transformation projects meet external and internal compliance requirements.
Risk Management and Mitigation
Risk Identification and Assessment: Identify potential risks associated with transformation projects, including operational, financial, reputational, and regulatory risks.
Risk Mitigation Plans: Develop and implement risk mitigation strategies, ensuring proactive management of risks throughout the transformation lifecycle.
Issue Escalation: Ensure that high-impact risks or issues are promptly escalated to senior leadership and the transformation steering committee for resolution.
Quality Assurance (QA)
QA Frameworks and Standards: Develop and enforce quality assurance frameworks to ensure that all transformation initiatives are delivered to the highest standard.
Project Reviews: Conduct regular quality assurance reviews of transformation projects to ensure compliance with agreed-upon quality standards, milestones, and deliverables.
Test Management: Oversee functional and non-functional testing for new systems and processes to ensure that they meet defined quality benchmarks and performance metrics before going live.
Governance and Audit
Governance Compliance: Ensure that all transformation initiatives follow the governance frameworks established by the transformation office and corporate governance standards.
Independent Audits: Coordinate and or conduct as required, independent audits of transformation projects to assess conformance with established policies, procedures, and regulatory requirements.
Governance Reporting: Regularly report governance and compliance findings to senior leadership and the transformation steering committee, highlighting any deviations or areas requiring corrective action.
Assurance of Benefits Realization
Independent Benefits Assurance: Provide independent assurance that the benefits projected from transformation initiatives (e.g., cost savings, operational efficiencies, revenue growth) are being realized as planned.
Post-Implementation Reviews: Coordinate and or conduct, as required, post-implementation reviews to verify that transformation projects deliver the expected outcomes and meet agreed business objectives.
Corrective Action Plans: Recommend corrective actions in cases where benefits realization is falling short or where transformation projects are not achieving the expected value.
Documentation and Reporting
Compliance Documentation: Maintain accurate documentation of compliance activities, quality assurance processes, risk assessments, and conformance reviews.
Reporting: Provide detailed reports on conformance, compliance, and quality assurance to the transformation leadership and audit committees, ensuring full transparency of transformation performance.
Continuous Improvement
Feedback Loops: Implement mechanisms for continuous feedback on compliance, risk, and quality assurance to improve future transformation projects.
Lessons Learned: Document and share lessons learned from audits, risk management activities, and compliance reviews to foster a culture of continuous improvement.
Qualifications
Requirements
Bachelor's degree finance, operations management
At least 7 years' experience in compliance, risk management, or audit roles within the financial services industry, well rounded across business functions.
Professional compliance or audit qualifications preferred.