Compliance Specialist @ING Hubs Romania Bucharest

Compliance Specialist @ING Hubs Romania
Bucureşti
Bucharest, Bucharest, Romania

Discover ING Hubs Romania

ING Hubs Romania offers 130 services in software development, data management,
- financial risk & compliance, audit, and retail operations to 24 ING units worldwide, with the help of over 1700
- performing engineers, risk, and operations professionals.

We started out in 2015 as ING’s software development hub – a distinct entity from ING Bank Romania – then steadily expanded our range to include more services and competencies.

Now we provide borderless services with
- wide capabilities and operate from two locations: Bucharest and Cluj-Napoca.

Our tech capabilities remain the core of our business, with more than 1500 colleagues active in Data Management, Touchpoint Channels & Integration, Core Banking, and Global Products.

We enjoy a flexible way of working and a highly collaborative environment, where fair and constructive feedback is encouraged.  

For us, impact isn't a perk. It's the driver of our work.

We are guided and rewarded by a shared desire to make the world a better place, one innovative solution at a time. Our colleagues make it their job to do impactful things and they love doing it in good company. Do you?  

The mission:

This position is created within the Co
E Bucharest and is located in Romania. The role is defined as a ‘Compliance specialist role’ within the global Compliance community, very specifically related to the processes around compliance key controls monitoring. As part of the Compliance framework, the 2nd Line of Defense is executing various activities to support the global Compliance community in the areas of compliance monitoring related to topics such as Know your customer, FATC, CRS, Anti-Bribery& corruption, Anti- competitive conduct, Conflicts of interests, Market abuse, Whistleblower, GDPP, Mifid.

The role reports hierarchically to the Compliance QA Manager.

Your
-
- day:

The above translates to the following (non-exclusive) set of Compliance framework activities:

•  Execute Second Line Monitoring (SLM) on 1st Lo
D’s testing in order to give 1st Lo
D management a challenge and second opinion about the reliability of test results, whereby SLM gives an opinion about the quality of 1st Lo
D testing process. The 2nd Lo
D monitors the quality of 1st Lo
D testing, through examining the test documentation, as provided by the 1st Lo
D tester (review of test execution and test results).

•  Execute Quality Assurance and Monitoring activities for compliance controls (Thematic/ process reviews, quick scans, etc)

•  Sharing and spreading of lessons learned gained from the performed reviews;

•  Execute compliance monitoring exercises, both in regular 2nd Line of defense (Lo
D) monitoring and independent monitoring;

•  The use of data analytics to determine the focus for Compliance monitoring exercises;

•  Based on various triggers resulted from data analytics, define and execute further independent testing as defined in the Compliance framework;

•  Propose mitigating measures in accordance with the Policy and Standards;

•  In collaboration with the local/ regional Compliance Officer, assist the local business by means of Compliance monitoring reports as defined;

•  Provide advice, guidance and support on regulatory issues as required;

•  Draft reports and management information for the businesses as well as the Compliance function.

• Actively involved in innovation initiatives and focuses on identifying aspects that can be streamlined in compliance processes.

What you bring to the team:

We are looking for a motivated new colleague who has the following characteristics:

•  University degree

•  Proven knowledge and expertise in the Compliance domain

•  A team player with strong interpersonal skills who is able to operate in a diversified and multicultural work environment

•  Strong and effective communication skills – fluent in written and spoken English

•  Excellent analytical skills as well as a keen eye for detail to. identify and articulate Compliance related aspects