Compliance Manager

Our Client, a mid sized European Bank, is looking for a Compliance Manager for their internal Compliance function, based in the City of London.  Further details follow:- 

Job Purpose

The Compliance Manager will be responsible for working closely with the Head of Compliance, MLRO & DPO in all matters relevant to the Compliance Function of the Bank, including regulatory advice, delivery of the annual Compliance Monitoring Plan, risk assessments, compliance monitoring reviews or investigations, 2nd line oversight, compliance reporting, regulatory reporting, review of policies and procedures, compliance training, Consumer Duty, Complaints advice and Financial Promotions.

Deputise for the Head of Compliance and MLRO, when required.

Assist in the design, implementation, and maintenance of annual monitoring programmes for the Compliance Functions.

Monitor and report on the business’ compliance with prevailing regulation and legislation through monthly monitoring and business reviews.

Carry out annual reviews of the Consumer Duty framework.

Conduct annual policy reviews of Compliance owned Policies ensuring they reflect the latest regulatory requirements.

Provide advice to the business with regard to Compliance to ensure internal processes and procedures are updated to reflect changes in regulation and business activities.

Ensure procedures, systems and controls are up to date, are effective and comply with the relevant regulations.

Monitor and manage regulatory and industry changes and evaluate the impact of such changes on the Bank’s business.

Develop KPI’s and other relevant MI to ensure that senior management are appropriately advised to enable informed decision making.

Assist with drafting reports to senior management and Board committees.

Ensure regulatory reporting is accurate and timely.

When required, support compliance related projects ensuring these are delivered on time and to specification and the impact of rules and regulations are known to all stakeholders.

Contribute to the Compliance team responsibilities for the development of New Products or changes to existing products.

Assist with Compliance remediation and other ad-hoc projects.

Assist with the review and sign-off of Financial Promotions.

Devise and deliver Compliance to 1st line teams as required.

Maintain appropriate knowledge to be fully qualified to undertake the role, and complete all mandatory training as required to attain and maintain competence.

Executive Risk Committee (ERC) Secretary:  Arrange meetings, including obtaining reports to ERC, disseminating these, producing Minutes of ERC meetings, and overseeing an action tracker.

To support project related assignments.

The list of duties in the job description should not be regarded as exclusive or exhaustive.

Experience/Skills/Knowledge:

1. Bachelor’s degree or equivalent preferred.
2. Law degree, or some knowledge of English law
3. Minimum 5 years’ experience in Compliance and Banking
4. Experience of working in a Retail banking environment
5. Experience of successful team working
6. Relevant recognised Compliance and Financial Crime qualifications desirable.
7. Very good knowledge of UK FCA/PRA regulatory obligations and some knowledge of UK AML and Terrorist Finance regulatory framework.
8. A good understanding of the bank’s products, services and processes and of the customer relationship.
9. Knowledge of law, Data Protection, payments and complaints. Capacity to analyse and summarise reports and information where required.
10. Computer literate.
11. Ability to work to tight deadlines.
12. Good strategic thinking and a proactive approach.
13. Excellent numeracy, interpersonal and communication skills, both written and oral.
14. A flexible attitude to the team’s work, including a willingness to reprioritise and undertake any of the tasks at short notice.
15. Act with integrity, at all times, and embrace the philosophy of treating customers fairly.

For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500

Email:         enrico@wintermann.co.uk

Unfortunately, due to the high volume of applications, we are unable to respond to all candidates.  If you are successful, a member of the team will contact you directly.  If you do not hear from us, please assume that your application has been unsuccessful.