PRINCIPAL DUTIES AND RESPONSIBILITIES:
Provides assurance and challenge of the effectiveness of the control activities conducted by the first line of the defense, and determines residual risk of identified coverage gaps. Assists Business and Compliance Management in determining the effectiveness of their compliance control environment and provides line of sight for Compliance Management into regulatory issues. Develops review strategies to assure business control activities meet current regulatory requirements. Responsible for all steps of the review, to include planning, testing and reporting. Manages the everyday detail of the review and assigns tasks to the review team for completion. Provides guidance to review team. Establishes testing objectives and scope of work. Discuss preliminary findings/issues with internal stakeholders and participate in active correspondence with key individuals to identify an appropriate action plan. Track and validate corrective action within internal tracking systems. Compile and maintain adequate supporting work papers. Participate in planning discussions on future program enhancements. Maintains current knowledge of industry compliance initiatives pertaining to area of coverage.