Topics can be amongst other: Conflicts of Interests, Inducements, complex
investment instruments.
The audit that needs to be performed is described in a testing sheet, including
references to the applicable regulations and my clients internal Compliance Rules,
and also a clear scope description.
During the Compliance audit a Compliance advisor will be available for guidance.
Responsibilities - expanded
You will be responsible to execute the Compliance audit on the Compliance Domain
with the specified scope in the Compliance Monitoring program.
This includes:
Leading the in-take meeting with business to explain which control will be
done, what evidence we need,
Execution of the controls based on the provided evidence;
Writing of the report (English) including a description of the tests that
have been performed, the findings, the conclusions and the
recommendations to the business.
Leading the take-out meeting with business to explain findings,
conclusions and recommendations.
Follow-up and evaluation of the reactions of management of business on
the recommendations (management response and proposed timings)
The controls that need to be performed include both test of design (based on
policies, procedures, ) and test of effectiveness.
Good knowledge of MiFID & IDD
Skills needed to perform audits on regulatory matters.
