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For Companies At a Glance
- Tasks: Lead compliance monitoring reviews and ensure regulatory standards are met.
- Company: Join an international banking group with diverse financial products and services.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth.
- Why this job: Make a real impact on compliance while developing your skills in a supportive culture.
- Qualifications: Experience in compliance monitoring within financial services is essential.
- Other info: Be part of a team that values continuous improvement and knowledge sharing.
The predicted salary is between 43200 - 72000 £ per year.
THE COMPANY: Our client is an international banking group, offering a wide range of products and services including savings, loans, mortgages and insurance.
THE RESPONSIBILITIES:
- Implement the Bank’s Compliance Monitoring framework, processes and procedures in line with industry and regulatory standards and the Bank’s risk appetite.
- Aid in reviewing and updating compliance monitoring procedures to drive continuous improvement.
- Lead on compliance monitoring reviews as outlined in the compliance monitoring plan, covering the Bank’s regulated activities.
- Prepare terms of reference, test the design and operational effectiveness of regulatory controls, write reports, agree findings with key stakeholders and track all issues and remediation through to closure.
- Conduct quarterly customer outcomes testing as part of the Bank’s consumer duty requirements.
- Influence and guide internal stakeholders to ensure the successful implementation of the compliance monitoring framework and the resolution of issues/actions.
- Support in evaluating the ongoing effectiveness of the Compliance RCSAs and work with Operational Risk to ensure alignment.
- Collate all required compliance Management Information (MI) relating to monitoring and regulation and analyse trends and issues to provide information and assurance to key internal governance forums.
- Proactively develop own knowledge of regulatory compliance and share best practice with members of the wider Risk Teams and across the bank as appropriate.
- Support the business through the provision of timely and outcomes-focussed regulatory advice and guidance, as part of project and change programmes and resolving ad hoc queries which arise from time to time.
- Support the Senior Compliance Manager in the collation of MI and the co-ordination of slides for the Legal and Regulatory Compliance Committee pack.
- Maintain the Conflicts of Interest and Gifts and Entertainment Registers.
- Review compliance policies, standards and procedures when required.
- Provide regulatory training to internal stakeholders.
EXPERIENCE REQUIRED:
- Demonstrable experience in a Compliance monitoring or Audit related role within financial services.
- Experience in Compliance Monitoring activity.
- In depth regulatory knowledge of FCA regulation affecting the Bank, including knowledge of the FCA Consumer Duty.
- Excellent oral, written communication and organisational skills as well as the ability to present confidently and work effectively with staff and management at all levels.
- Ability to investigate, analyse and interpret MI.
- Issue Management capabilities displaying effective organisational and stakeholder management skills.
For further information please contact Hannah Tabatabai.
Compliance Manager (Monitoring) employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager (Monitoring)
✨Tip Number 1
Familiarise yourself with the latest FCA regulations, especially those related to Consumer Duty. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the compliance field.
✨Tip Number 2
Network with professionals in the compliance sector, particularly those who work in financial services. Engaging with industry peers can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss specific examples of how you've implemented compliance monitoring frameworks in previous roles. Highlighting your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to communicate complex regulatory concepts clearly. Practice explaining compliance issues in simple terms, as this skill is crucial for influencing internal stakeholders effectively.
We think you need these skills to ace Compliance Manager (Monitoring)
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Compliance Manager. Familiarise yourself with compliance monitoring frameworks and the specific regulatory standards mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in compliance monitoring or audit roles within financial services. Emphasise your knowledge of FCA regulations and any specific achievements that demonstrate your ability to implement compliance frameworks effectively.
Craft a Strong Cover Letter: In your cover letter, address how your skills align with the responsibilities outlined in the job description. Mention your experience with compliance monitoring reviews and your ability to influence internal stakeholders, showcasing your communication skills.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your documents are clear, concise, and free from typos, as attention to detail is crucial in compliance roles.
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Familiarise yourself with the FCA regulations, especially those related to consumer duty. Be prepared to discuss how these regulations impact compliance monitoring and how you can ensure adherence within the bank.
✨Demonstrate Your Experience
Be ready to share specific examples from your previous roles in compliance monitoring or audit. Highlight your achievements and how they align with the responsibilities outlined in the job description.
✨Showcase Your Communication Skills
Since excellent communication is key for this role, practice articulating your thoughts clearly. Prepare to discuss how you've effectively communicated compliance issues to stakeholders in the past.
✨Prepare for Scenario Questions
Anticipate questions that may require you to analyse a compliance issue or propose a solution. Think about how you would approach compliance monitoring reviews and the steps you would take to resolve any identified issues.
