Head of Regulatory Oversight and Assurance

Location:

Dublin, Leinster, Ireland

Salary:

Competitive

Type:

Permanent

Main Industry:

Search Finance, Banking & Insurance Jobs

Other Industries & Skills: 

Manufacturing, Recruitment

Advertiser:

Allied Irish Bank

Job ID:

130858204

Posted On: 

26 July 2024

                              

Role: Head of Regulatory Oversight and Assurance

Location:

Central Park, Leopardstown, Dublin 18 (Hybrid)

Technology Overview

AIB has a Technology Workforce of ~2,500, made up of ~1,000 AIB staff supplemented by Service Provider Partners and Contractors.  With a Technology function established over 50 years ago, there is a long pedigree of Technology enablement across the Bank and a strong working relationship between Technology and all Business areas – co-delivering Service and Change to support our Customers.  On-going investment and continuous hiring has ensured that AIB has a modern and resilient estate and a diverse and vibrant Technology Workforce. Across 2021 and 2022, AIB hired ~500 new internal staff within Technology to continue to build capacity and capability for the future.

The Technology Team have a defined Career Structure to support their ambitions, and considerable time and investment is afforded to Learning and Development.  Modern tools and technologies, coupled with hybrid working and a culture of professionalism, hard-work, teamwork, customer-focus and fun provides a strong foundation for new hires and existing staff to flourish and grow.

In 2022, AIB launched a Technology Transformation programme which includes a significant focus on implementing Agile work practices for the delivery of Technology change, across the Bank.  While Agile practices have been used before, this will embed fully across all domains and will transform all elements from Planning to Delivery, across all levels of the organisation from the top-level Executive Committee to all teams. 

AIB originally developed all Technology solutions in-house, and over-time has migrated to modern, package solutions – most recently across Payments, Digital Business Banking, Workflow and Business Process Management – and currently in train for Core Banking and Credit Systems.  Some in-house systems will remain but the remaining legacy estate will be simplified in line with the defined Technology and Business Strategy.

Technology is structured across a number of pillars – Channels, Business Platforms, Data & Analytics, Strategy & Transformation, Information Security and of course Infrastructure and Cloud Engineering.

Enterprise Information Security

As AIB continues its progress in transforming to a digitally led bank, Cybersecurity is one of the highest risks to the bank’s operating model. As a key pillar of risk in the bank’s operational risk profile, having a comprehensive and robust Information Security strategy is essential. AIB has consistently invested in Cyber Security for over 12 years running strategy cycles across 2 years, with significant milestones achieved to strengthen our capabilities. As the business strategy evolves, we will continue to invest in Enterprise Information Security across the four dimensions, people, processes, technology, and data, ensuring that we are keeping our Customers and the Bank safe. 

 

The Role:

Reporting to the Group’s Chief Information Security Officer, this ExCo-2 role holder will be accountable for redesigning, building and growing the Regulatory Oversight and Technical Assurance team, ensuring the quality and timeliness of services and deliverables, and driving improvements and optimisation of regulatory assurance workloads.

The role holder will help shape the next phase of the Bank’s Digital Resilience strategy, iteratively improving security capability and aligning our security product choices to north star patterns. They will be fully accountable for operating a portfolio of Security and Resilience technologies, enterprise programs and Security Operations, ensuring they are running optimally to protect the Bank and doing so in alignment with product, technology, and business strategies.    

We’re looking for someone who will:

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e accountable for directing the vision, strategic roadmap, and defined target state for the regulatory oversight model across the technology and data function.
-Take ownership for driving engagement and progress with senior stakeholders across all ExCo areas to support compliance and regulatory objectives which land from a regulatory inspection side
-Lead the evolution of a new assurance and testing operating model for technology and security, aligning the management of audit actions across the 4 lines of defence
-Take accountability for leading the resolution of RMPs (Risk Mitigation Plans) from Tech & Data regulatory inspections across ExCo areas, ensuring compliance with governance process and adherence to regulatory timelines
-Be responsible for establishing and maintaining open and honest relationships with the 4 lines of defence to agree optimized assurance plans and approach regulatory engagements with consistent approach and objectives.
-Build an end-to-end horizon scanning and regulatory readiness framework for future legislation which may impact on the technology & data function, the outputs of which will enable Technology & Data SMT to formulate strategy, adapt Investment Planning and plan QBRs accurately.  Build scenario tests to ensure that the implementation of this legislation complies with our risk management, governance & internal control processes.
-Own the assurance dashboard that incorporates early warning indicators for management attention and develop enterprise level indicators/metrics at operational and strategic levels to ensure appropriate CISO oversight
-Identify, assess, and prioritise regulatory compliance gaps in technology and security processes and activities to help reduce risks to the organisation’s assets, systems, and data including security risks associated with third-party vendors and service providers. 
 

 

You will need to show us that you can/have:

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-Minimum seven years in a Leadership role in information-intensive industries or digitally advanced enterprises
-Proven experience of navigating complex (matrix) organization structures and managing internal executive stakeholders and external regulators.
-Progressive and effective leadership experience in leading cross-functional teams and enterprise-wide programs, operating and influencing effectively across the organization and within complex contexts
-Experience in managing a distributed stakeholders and working to agile methodologies.
-Experience in technology and data Regulations such as BCBS 239, GDPR, DORA, EBA/GL/2019/04, including familiarity with emerging regulations such as AI and Cloud. Background in engaging with regulators and demonstrable leadership capabilities is a must.
-Proven record of effective governance, encompassing issue management and remediation, identifying and closing regulatory gaps proactively and maintaining strong relationships with all lines of defence
-The business acumen to evaluate emerging technology regulatory trends, determine policy and operational implications, and guide stakeholders to advance potential regulatory solutions or compliance.
-Strong, concise, accurate, and effective written and oral communications; must be able to communicate and coordinate with individuals across all levels of a financial institution.
-Experience in leading, developing and motivating a team of subject matter experts is essential.
 

Why join us?

AIB is a dynamic and diverse place to work. We are changing from the inside out to become a bank people can believe in. And by people, we mean our employees as well as our customers.

In each team you’ll find leaders who focus as much on people as they do on function. Here, anyone who is responsible for managing people is called a people leader, not a manager. That shows our commitment and focus on the development and engagement of the people who work here.

We call our Diversity & Inclusion plan iMatter – because that is our aim.  No matter who we are, where we are from, how we look, we all make a difference. You’ll find a mix of age, race and gender, where everyone has an opportunity to reach their potential. You’ll find a culture of openness, positivity and respect where everyone has a voice.

If you feel you have what it takes, click apply and fill in the online application form. If you would like more information the Talent Acquisition Team at careersaib.ie

 

By when?  Closing date is  Friday the 9th of August 2024

Disclaimer:

Unsolicited CV’s sent to AIB by Recruitment Agencies will not be accepted for this position. AIB operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our recruitment partners.

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