Compliance Manager

Based in London - Salary:  Market rate 


Job Purpose:

The Compliance Manager will be responsible for working closely with the Head of Compliance & MLRO 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 and Financial Promotions.


Objectives & Key Responsibilities:

The position will work closely with the Head of Compliance, & MLRO to provide an expert advisory and monitoring service to the bank to ensure compliance with relevant rules, regulations, and codes of conduct regarding compliance and financial crime issues. In particular, a good level of knowledge and understanding of the UK Regulated Banking environment is required, including PRIN (Consumer Duty), SUP, MCOBS, BCOBS, SYSC, DISP, Conduct Risk, SMCR and Data Protection


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


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


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


Carry out annual reviews of AML, International Sanctions, and Fraud Consumer Duty policies.


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


Provide advice to the business regarding Compliance and Financial Crime 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 change 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 projects regarding KYC, and other AML related issues.


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


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


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


Qualifications & Skills

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


Our client is an equal opportunity employer and ensures that no applicant is subject to less favourable treatment on the grounds of gender, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, responsibilities for dependants, physical or mental disability. Candidates are selected for interview based on their skills, qualifications and experience.


Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.


For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500




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