Risk, Compliance, 1LOD & 2LOD Transformation – Global Bank

Broadgate Partners was approached by our client with the requirement for a large team of resources with Programme/Project Management Office expertise in Compliance, Audit, Regulatory and Risk, including 1st and 2nd Line of Defence across business lines, to assist with a multi-year programme of transformation requirements in relation to a plea agreement reached with the U.S Department of Justice, as part of their review of their business and additionally to backfill BAU staff assigned to the Programme

• Engaged and liaised with the DoJ Monitor, co-ordinating communication and information flows and providing updates, detailed reports and scheduling meetings on the progress and status of the required changes
• Supported the implementation of a target operating model for 2LOD across the business
• Provided regulatory expertise to map regulations to policies and controls
• Provided SME expertise to develop a compliance risk assessment and annual plan
• Developed learning and assessment frameworks
• Upgraded the mandatory learning course content for market abuse and ensured that all relevant staff received that training
• Ensured the Compliance Department had access to objective data on policy and compliance breaches and that they acted on it in a consistent fashion
• Implemented regular, formal, planned communications to our client’s staff on ethics and compliance issues and in particular the events which lead up to the acceptance of the monitorship
• Ensured our client had a risk assessment which provided a 2LOD check and challenge and that the risk assessment framework employed was coherent and provided a true assessment of the conduct and compliance risks they face
• Captured and tracked the key programme planning outputs, including objectives, business value, milestones, addressing identified risk issues and dependencies in line with regulatory expectations. Produced RAID logs and other governance artefacts and provided guidance to teams on essential activities
• Produced detailed project plans, project initiation documents, business requirement documents
• Managed working groups and steering-committees including tracking of actions, decisions and prepared updates on progress to executive level committees
• Focused on the control framework, reporting requirements, trading venue onboarding/offboarding, rulebook compliance, MI and data management
• Owned the delivery of technical outcomes