Compliance Analyst

Transformation has resulted in changes in skills requirements, roles, and numbers of roles required in the new operating model. The roles in the new operating model will be restricted to employees in the selection pool in the first instance. Selection for any jobs that remain unfilled following the agreed selection process will be conducted in line with the Global Recruitment policy.

Pay Band: 6/G

Contract Type: Indefinite

Location: India, Noida

You must have the legal right to work in India at the time of application. There is no relocation or sponsorship support.

British Council supports working in new ways such as hybrid working, subject to full approval by line management and conditional upon our ability to provide the appropriate level of service. This may not be appropriate for all roles but can be explored at interview.

About the role:

These are new roles created as part of the transformation of the global finance team, aligning financial support to strategic business units.

This is a generic role profile for several positions, each of which will flexibly support the business units (Exams, Teaching, Cultural Engagement and Professional Services), geographic regions and the operations of the Managed Service Provider (MSP). These roles will provide support where needed in order to provide maximum flexibility and must be comfortable working as part of a team. The Finance function is structured along the 'three lines of defence' model, clearly separating the operation of controls and governance (first line) from compliance monitoring, testing and assurance (second line) functions, and linking into internal audit (third line).

This is the main second line of defence role within the operational structure, linking the 'first line' activity (Financial Control) with third line (Internal Audit). The post-holders will contribute to ensuring the integrity of the second line function. The post-holder is accountable for testing and monitoring financial compliance, addressing non-compliance, and providing assurance on the financial control environment. The post-holder will need to develop an understanding of the different local operating environments including risks of bribery and corruption, money laundering, sanctions, the regulatory environment, and the maturity of the banking and financial sectors.

Main Responsibilities

Financial Management

• Review, challenge and retest the first line/Managed Service Provider's assessment of the global Minimum Control Standards (MCS).
• Report results of testing and identify any changes needed by first line functions and Managed Service Provider to meet
• required standards. Support monitoring of the effectiveness and implementation of remediation plans and escalate issues where required.
• Help to produce and develop reports giving a clear overview of financial compliance to senior stakeholders, which highlight the key areas of risk and the actions required to manage them within the risk appetite. Assist in monitoring the actions taken by stakeholders and provide regular updates

Relationship and Stakeholder Management

• Support the wider financial controls and compliance team in developing a good understanding of the business units and geographical areas to enable focused advice to be given and emerging risks to be identified and managed.
• Provide advice on controls and compliance to other finance functions and work with them to provide a holistic service to the business.
• Develop an effective working relationship with relevant staff at the Managed Service Provider (MSP). Work in partnership with them to use their process and technological expertise to improve the British Council's financial control framework. Effectively hold the MSP to account for the controls they manage and control remediations that are their responsibility.

Sector/subject expertise

• Keep up to date with developments in best practice and upcoming regulatory requirements. Support initiatives to increase the British Council's level of compliance maturity.

 Service Improvement

• Contribute to projects to improve the control environment, in particular the automation of controls and initiatives that make it easier for users to comply. Keep up to date with technical developments and support implementation of new technologies. Share best practice and learning with other second line functions.

Minimum/essential requirements

• Financial controls testing and/or audit experience.
• Broad based finance experience. ERP experience/knowledge.
• Understanding of financial accounting standards
• Understanding of financial control compliance and assurance frameworks
• Experience of analysing or improving financial processes and controls

Desirable

• Experience of compliance with UK charity regulatory requirements Experience of compliance with UK government requirements Working with Shared Services providers
• Knowledge of financial reporting and compliance in the UK charity and/or public sector, particularly the Charities SORP
• Experience of working in international and multi-cultural organisations.
• SAP experience.
• Experience of Sarbanes Oxley
• Experience of designing compliance reports

We are committed to policies and practices of equality, diversity and inclusion across everything we do. We will support all employees to make sure their behaviour is consistent with this commitment.  We welcome discussions about specific requirements or adjustments to enable participation and engagement in our work and activities.