Specialist, Compliance Monitoring

Specialist, Compliance Monitoring

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
F

At a Glance

  • Tasks: Join the Compliance Assurance Team to ensure compliance with regulations and manage audits.
  • Company: FAB UK is a leading bank focused on integrity and regulatory adherence.
  • Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
  • Why this job: Make a real impact in compliance while working with diverse teams and stakeholders.
  • Qualifications: Degree preferred, with 1-2 years in banking compliance and familiarity with UK regulations.
  • Other info: Ideal for proactive individuals who thrive under pressure and value confidentiality.

The predicted salary is between 36000 - 60000 £ per year.

JOB PURPOSE: To work as part of the Compliance Assurance Team (CAT) on the annual risk-based Compliance Assurance Programme (CAP), to ensure that the businesses, functions, and other areas of FAB UK operate in accordance with local (and wider, where relevant) rules and regulations.

KEY ACCOUNTABILITIES:

  • Work within the Compliance Assurance Team, supporting the Regional Head of Compliance, Europe to carry out their responsibilities as SMF16, in particular with respect to:
  • Compliance risk assessments.
  • Compliance Assurance Programme (CAP).
  • Co-ordination of Compliance RCSA.
  • Internal reporting.
  • Incident and issue management.
  • Managing and responding to internal and external audits.
  • Assist in undertaking the regulatory risk assessment process which will drive a risk-based CAP;
  • Assist in the creation of a risk based and proportionate CAP and develop Compliance Assurance procedures, test scripts and other relevant monitoring and testing templates;
  • Contribute to the planning, execution and reporting of CAP reviews in adherence with FAB UK Compliance Assurance procedures and Group Compliance assurance requirements;
  • Track implementation of corrective actions agreed with the business and undertake pre or post issue closure testing, when required;
  • Maintain an open, transparent, and effective relationships with internal and external stakeholders, including FAB UK business areas, Group Compliance, Group Audit and UK regulators.
  • QUALIFICATIONS & EXPERIENCE:

    • Preferably educated to degree level.
    • Preferably with a relevant professional qualification (e.g. ICA, CISI, CAMS, IIA).
    • Experience of working in banking.
    • 1-2 years’ experience of working in Compliance.
    • Familiarity with UK regulation.
    • Ability to work under pressure and to deadlines.
    • Good verbal and written communications.
    • Organised, independent and self-motivated.
    • Proactive, with the ability to generate ideas, think creatively and develop innovative solutions.
    • Discreet, high levels of integrity and able to handle highly sensitive information with absolute confidentiality.

    Specialist, Compliance Monitoring employer: First Abu Dhabi Bank (FAB)

    FAB UK is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation within the Compliance Assurance Team. Employees benefit from comprehensive professional development opportunities, a supportive culture that values integrity and transparency, and the chance to engage with key stakeholders in the banking sector. Located in a vibrant city, FAB UK provides a unique blend of career growth and work-life balance, making it an ideal place for those seeking meaningful and rewarding employment.
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    Contact Detail:

    First Abu Dhabi Bank (FAB) Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Specialist, Compliance Monitoring

    ✨Tip Number 1

    Familiarise yourself with the latest UK regulations and compliance frameworks. This will not only help you understand the role better but also allow you to engage in informed discussions during interviews.

    ✨Tip Number 2

    Network with professionals in the compliance field, especially those who work in banking. Attend industry events or join relevant online forums to gain insights and potentially get referrals.

    ✨Tip Number 3

    Prepare to discuss specific compliance challenges you've faced in previous roles. Highlight your problem-solving skills and how you contributed to compliance improvements, as this will demonstrate your practical experience.

    ✨Tip Number 4

    Showcase your ability to manage relationships with stakeholders. Be ready to provide examples of how you've effectively communicated and collaborated with various teams to achieve compliance objectives.

    We think you need these skills to ace Specialist, Compliance Monitoring

    Compliance Risk Assessment
    Knowledge of UK Regulations
    Internal Audit Coordination
    Incident and Issue Management
    Regulatory Risk Assessment
    Compliance Assurance Programme Development
    Test Script Creation
    Monitoring and Testing Procedures
    Stakeholder Relationship Management
    Verbal and Written Communication Skills
    Organisational Skills
    Self-Motivation
    Creative Problem-Solving
    Integrity and Confidentiality

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in compliance and risk assessment. Emphasise any specific qualifications like ICA, CISI, or CAMS, and showcase your familiarity with UK regulations.

    Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about compliance monitoring. Mention your ability to work under pressure and your proactive approach to problem-solving, as these are key attributes for the role.

    Highlight Relevant Experience: When detailing your work experience, focus on roles where you managed compliance tasks or participated in audits. Use specific examples to demonstrate your skills in handling sensitive information and maintaining stakeholder relationships.

    Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A well-presented application reflects your attention to detail, which is crucial in compliance roles.

    How to prepare for a job interview at First Abu Dhabi Bank (FAB)

    ✨Understand Compliance Regulations

    Make sure you have a solid grasp of UK regulations and compliance standards relevant to the banking sector. Familiarise yourself with key legislation and how it impacts the role, as this will demonstrate your commitment and knowledge during the interview.

    ✨Showcase Your Experience

    Be prepared to discuss your previous experience in compliance roles. Highlight specific examples where you've successfully managed compliance risk assessments or contributed to compliance assurance programmes, as this will illustrate your capability for the position.

    ✨Demonstrate Communication Skills

    Since the role involves maintaining relationships with various stakeholders, practice articulating your thoughts clearly and concisely. Prepare to discuss how you've effectively communicated complex compliance issues in the past.

    ✨Prepare for Scenario Questions

    Expect scenario-based questions that assess your problem-solving skills and ability to handle sensitive information. Think of examples where you've had to navigate challenging situations while maintaining integrity and confidentiality.

    Specialist, Compliance Monitoring
    First Abu Dhabi Bank (FAB)
    F
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