John Davison

Head of Regulatory Compliance Consulting
Norton Rose Fulbright LLP

London
United Kingdom
T:+44 20 7444 2875
John Davison

John Davison

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Biography

John Davison is a Senior Compliance Officer based in London.

He has over 25 years Financial Services experience, 19 of which are have been in Compliance and risk management leadership roles for major global banking groups and other systemically important financial institutions. John's industry experience is extensive, having worked in Retail Banking (in the UK and US), Wealth Management, Investment Banking and for an Exchange and Clearer, as well as for the UK regulator (supervising investment banks and hedge funds) and as a regulatory consultant. John has built compliance and operational risk functions, led responses to and prepared organisations for s166 investigations and enforcements across the investment banking, consumer and financial crime agendas, created and embedded conduct and operational risk frameworks and control infrastructures globally and advised clients on their conduct risk and compliance architecture.


Professional experience

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  • Led, for a global investment bank, an operational state assessment of their compliance governance, controls and operating model, assessing the effectiveness of their second line of defence capability and the robustness of their key controls, particularly around surveillance, engagement with and oversight of traders, monitoring and policy setting and risk management framework.
  • Ran the global Compliance policy, assurance and monitoring, training and conduct and culture functions for a major banking group, across wholesale and retail footprints.
  • Developed and embedded organisationally for a global bank, a conduct risk framework, from setting risk appetite to developing a full suite of internationally relevant policies, educational frameworks for front office and control functions, assurance methodology and KRIs.
  • Advised and prepared the Non-Executive Directors of a Major Global Banking group for a Conduct Risk Examination - focussing on their obligations as NEDs; and their oversight and governance responsibilities.
  • Developed Conduct Risk Appetite for a Global institution, covering their wholesale and retail operations. Advised the Executive Risk Forum and Board on organisational implementation. Delivered and embedded the appetite framework across the group.
  • Programme managed, for a global institution, a Strategic Risk Assessment, identifying conduct and operational risks inherent in their business plans and the associated impact on controls. Reported to ExCo, providing recommendations at strategic and operational levels.
  • Ran globally for a FTSE 100 financial services institution, an operational risk development programme, focussed on enhancing risk assessment, control testing, issue management and reporting frameworks.
  • Advised Remuneration, Risk and Audit Committees on regulatory governance matters including remuneration strategies and compliance control indicators. 
  • Programme managed large scale IT and other programmes of work including a financial crime s166 for an investment bank; a client assets remediation programme for an investment bank; interest rate swap remediation exercises; and forensic review and enhancement to a global control room.
  • Advised and prepared the Non-Executive Directors of a Major Retail Banking group for a Conduct Risk Examination - focussing on their obligations as NEDs, their oversight and governance responsibilities and the manner in which Conduct Risk was governed across the Group.
  • Developed and embedded Conduct Risk Committee for Major Retail Banking Group, driving ownership and responsibility at CEO level.
  • Implemented a global whistleblowing infrastructure across 50+ territories, driving up the volume of calls and robustness of intelligence and improving visibility for Board and Audit Committee members. Resulted in a number of instances of potential financial crime and internal policy breach being identified.
  • Advised Remuneration, Risk and Audit Committees on regulatory governance matters including remuneration strategies and compliance control indicators. 
  • Undertook, for a global investment bank, an operational state assessment of compliance governance, including structures and reporting lines, engagement with front office, discharge of responsibilities, reporting and escalation and resourcing.
  • Ran a thematic conduct risk assurance programme, to assess controls and behaviours in areas deemed of high conduct risk across retail and wholesale agendas. Focus on areas such as structured retail deposit products, financial promotions, conflicts of interest, mortgage sales and arrears handling and record keeping. Identified in excess of 100 improvements to enhance overall governance and mitigate risk to consumers and markets.