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- Tasks: Lead compliance and risk management for a banking client, ensuring regulatory adherence.
- Company: Join a top Compliance consultancy with a strong reputation in the banking sector.
- Benefits: Earn £1000 per day outside of IR35 on a one-year contract.
- Why this job: Make a significant impact by guiding key stakeholders and engaging with regulators.
- Qualifications: Must have held SMF 4 & SMF 16 roles in a bank; board-level experience required.
- Other info: Only successful applicants will be contacted; legal entitlement to work in the UK is necessary.
The predicted salary is between 72000 - 120000 £ per year.
We are recruiting for a leading Compliance consultancy looking to hire an experienced Compliance & Risk Director to be seconded to their Banking Client for a one year contract.
Duties will include:
- Act as SMF 4 (Chief Risk Officer) and SMF 16 (Compliance Oversight), ensuring regulatory responsibilities are met.
- Provide expert guidance to the Board, Executive Committee and key stakeholders on all risk and compliance matters.
- Lead the risk management framework, including risk appetite, controls, monitoring, and reporting.
- Maintain oversight of compliance frameworks, ensuring adherence to all UK and global regulatory requirements (FCA, PRA).
- Act as a trusted advisor, ensuring proactive risk management and regulatory compliance alignment with business objectives.
- Ensure day-to-day compliance and risk management functions operate effectively, stepping in where required.
- Oversee regulatory reporting, risk assessments, and internal controls testing, ensuring effectiveness and accuracy.
- Engage directly with regulators (FCA/PRA) as required, representing the business with credibility and authority.
- Develop, refine, and implement policies and procedures in line with evolving regulatory expectations.
- Ensure the compliance monitoring program is fit for purpose and drives meaningful risk mitigation.
You must have held both SMF 4 & SMF 16 for a Bank before and be comfortable both operating at Board level & rolling your sleeves up on the detail.
Salary is £1000 per day outside of IR35.
Compliance Recruitment Solutions Limited (CRS) are acting as an employment agency in relation to this role. The recruiter has stated that all applicants for this job should be able to prove that they are legally entitled to work in the UK.
Seniority level: Director
Employment type: Contract
Job function: Legal and Accounting/Auditing
Industries: Banking
HEAD OF COMPLIANCE & RISK (ONE YEAR CONTRACT) – MUST HAVE HELD SMF 4 & 16 FOR A BANK employer: Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid)
Contact Detail:
Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land HEAD OF COMPLIANCE & RISK (ONE YEAR CONTRACT) – MUST HAVE HELD SMF 4 & 16 FOR A BANK
✨Tip Number 1
Network with professionals in the compliance and risk management sectors, especially those who have experience in banking. Attend industry events or webinars to connect with potential colleagues or mentors who can provide insights into the role and the company.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes and compliance frameworks relevant to the UK banking sector. Being well-versed in current regulations will not only boost your confidence but also demonstrate your commitment to staying updated in this fast-evolving field.
✨Tip Number 3
Prepare to discuss specific examples from your past experiences where you successfully managed compliance and risk issues. Highlighting your hands-on approach and strategic thinking will show that you can operate effectively at both the Board level and in the details.
✨Tip Number 4
Engage with the company's online presence, such as their social media and website. Understanding their culture and values will help you tailor your discussions during interviews, making it clear that you're a great fit for their team.
We think you need these skills to ace HEAD OF COMPLIANCE & RISK (ONE YEAR CONTRACT) – MUST HAVE HELD SMF 4 & 16 FOR A BANK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with SMF 4 and SMF 16 roles, focusing on your achievements in compliance and risk management within the banking sector. Use specific examples to demonstrate your expertise.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities outlined in the job description. Emphasise your ability to provide expert guidance to boards and your experience in engaging with regulators like the FCA and PRA.
Showcase Relevant Skills: In your application, clearly outline your skills in risk management frameworks, compliance monitoring, and regulatory reporting. Highlight any successful projects or initiatives you've led that align with the role's requirements.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a compliance and risk role.
How to prepare for a job interview at Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid)
✨Demonstrate Your Regulatory Knowledge
Make sure to brush up on the latest FCA and PRA regulations. Being able to discuss these in detail will show your expertise and readiness for the role.
✨Showcase Your Leadership Experience
Prepare examples of how you've successfully led compliance and risk management initiatives in the past. Highlight your experience at Board level and your ability to engage with key stakeholders.
✨Be Ready to Discuss Risk Management Frameworks
Familiarise yourself with various risk management frameworks and be prepared to discuss how you would implement and refine them in line with business objectives.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think on your feet. Prepare scenarios where you had to make tough compliance decisions or manage regulatory challenges, showcasing your problem-solving skills.
