Monday December 10, 2018
Monday December 10, 2018
I am a Senior Compliance professional with extensive skills, knowledge and expertise of the regulatory landscape and systems and controls, gained through 17+ years’ experience within the financial services industry.
I have worked in a variety of compliance roles with varied responsibilities across different business models and this has helped me gain a broad compliance knowledge and experience. I have worked in various compliance roles at General Electric (GE) Capital for some 13 years, first at GE Money Home Lending then GE Capital Corporate, Wonga and United Trust Bank.
I have designed and implemented compliance systems and controls including robust compliance risk assessments, compliance monitoring frameworks, implementing pragmatic compliance solutions. I have also implemented regulatory compliance policies, procedures, training, overseen complaint handling, conduct risk and culture, provided business support and been part of business transformation and regulatory authorisation. I am passionate about ensuring fair customer outcomes.
Prior to moving into compliance, I worked at State Bank of India and then managed a family retail pharmacy business, including completing accounts and audits.
I have a bachelor’s degree in Commerce, an ICA Diploma in Compliance and a Diploma in Public Relations and Media Communications. I have been an ICA member since 2016.
How long have you worked in compliance for? What has changed since you first started to now?
I have worked in compliance in the financial services for 17 years. The approach to compliance has changed due to the change in regulatory approach from being prescriptive to outcomes focused and the focus on good governance, conduct and culture. It is or should be less tick box and more about doing the right thing. Whilst the tick box approach will continue to ensure adherence to regulatory/legislative requirements, the requirement to think outside the box and think about the outcomes of actions taken, processes and procedures, is the big change. These days there is a greater awareness and focus in firms on conduct and culture.
How did you land your first role: was it chance or a calling?
It was an internal move at GE Money. Due to family commitments I initially worked on a part time basis performing quality assurance and then post completion reviews on mortgage underwriting. This role sat within the compliance department. So, I had a lot of exposure to work with the Compliance Managers and regulatory requirements/focus areas and found it very interesting. I also believed I had the right skills and knowledge to perform a full Compliance role. So, when the Compliance job opening came up I applied for it and was successful in obtaining the role.
What do you find enjoyable about your role? What are the challenges?
I enjoy seeing the difference my compliance advise, support and monitoring has made. The implementation or enhancements to systems and controls, improved processes and procedures, the improvement to staff competencies and awareness due to compliance training, raising awareness and changing the mindset to thinking about customer outcomes and doing the right thing at all levels of the business.
I also enjoy the challenges faced by a Compliance role including the intellectual challenges of strategic thinking, keeping up to speed with regulatory requirements, analysing and finding creative and balanced solutions.
I am a people person and love working with people across different departments, all levels of an organisation, different cultures and personalities. I also very much enjoy developing, coaching and mentoring. It gives me a lot of pleasure seeing people develop.
Currently the biggest challenge is keeping up with the speed and extent of regulatory developments. Sometimes it is also challenging to influence stakeholders to think about the impact and outcome of their actions and obtain agreement for suggestions made.
What attributes do you think are important for a career in compliance?
I believe the key attributes required for a career in compliance regardless of the industry are: Integrity, accountability, relationship building (influencing) good communication skills (both oral and written), patience, flexible, open minded, common sense, analytical thinking, teamwork and attention to detail. A Compliance professional should have the passion for doing the right thing.
What advice do you have for fledgling compliance professionals?
Keeping in mind the current demands on compliance professionals, I feel it is advisable to be flexible, open minded and pragmatic when recommending solutions whilst ensuring the right approach is used to do the right thing, achieve the right outcome and compliance with regulatory requirements. It is not an easy job to do and takes years to develop the skills, knowledge and expertise required of a compliance professional. My advice is to be patient, flexible and open minded. The development will come with work experience. Due to the high level of accountability and responsibility a compliance role carries, it is important to be thorough, well prepared, inclusive and have an attitude of working with the business as part of one team to come up with pragmatic solutions. As compliance professionals we are educating the business and must lead by example. Remember to give and show respect at all levels of an organisation and be fair.
Tell us your best piece of life advice!
Always act with integrity, be resilient and work hard.
Read other ‘Meet an ICA Member’ interviews:
Do you want to get involved in our 'Meet a Member' campaign?
We’d love to feature you in our ICA Insight series, and in inCOMPLIANCE®! Getting involved is a fantastic way to raise your profile within the ICA and an opportunity to interact with your fellow members, as well as those interested in entering the field.
Find out more and let us know you are interested by emailing firstname.lastname@example.org
This article forms part of the #BigCompConvo – join us as we explore and debate the latest challenges and issues facing you and regulatory and financial crime compliance professionals all over the world. If you’d like to contribute an article as part of the Big Compliance Conversation get in touch with us at email@example.com
Thank you. Your comment is awaiting moderation and should appear on the site shortly.
Required fields are not completed, please ensure all required fields (*) have been filled in properly.
You can leave the name empty should you wish to remain Anonymous.
You are replying to post:
MAILING LIST SIGN-UP
Complete this form to join the ICA Mailing List
*These updates may come from us or our training partners.
© International Compliance Association I Company registration 4429302 I Registered office 5th Floor, 10 Whitechapel High Street, London, E1 8QS, United Kingdom