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For Companies At a Glance
- Tasks: Lead the Compliance team, ensuring adherence to regulations and managing financial crime matters.
- Company: Join a dynamic multi-jurisdictional financial institute offering diverse banking services.
- Benefits: Enjoy a six-month fixed-term contract with opportunities for professional growth and development.
- Why this job: Be part of a culture that values compliance and integrity while making a real impact in finance.
- Qualifications: Retail or digital banking experience is essential; familiarity with FCA Handbook and regulatory requirements preferred.
- Other info: This role requires strong leadership skills and a proactive approach to compliance challenges.
The predicted salary is between 48000 - 72000 £ per year.
THE COMPANY: The Client are a multi jurisdiction financial institute offering Private Banking, Retail and Digital banking for Corporate & Retail Clients. The firm are looking to hire a Head of Compliance on a 6 month FTC basis.
THE RESPONSIBILITIES:
- Oversee and manage the Compliance team in their daily activity providing direction, support and insight to all regulatory compliance and financial crime matters.
- Monitoring, advisory and oversight of Data Protection/GDPR across the business.
- Manage the regulatory policy framework for the company assessed against the business activities and ensure that it remains appropriate.
- Ensure that the regulatory rules and necessary permissions are mapped and documented against business activities.
- Monitor and, on a regular basis, assess the adequacy and effectiveness of the measures and procedures put in place in accordance with SYSC 6.1.23R and the actions taken to address any deficiencies in the firm’s compliance with its obligations, including MiFID.
- Advise and assist the relevant person(s) responsible for carrying out regulated activities to comply with the firm’s obligations under the MIFID regulatory system. Ensuring compliance with BCOBs, CD.
- Annual sign off of Terms & Conditions.
- Oversee and monitor Complaint handling and Data Subject Access Requests.
- Advise the business and Executives of applicable regulation, and of the requirements and procedures needed to adhere to these including horizon scanning.
- Take responsibility for the provision of relevant and meaningful periodic management information to governing committees; having the ability to highlight current risk exposures and emerging threats.
- Assess the regulatory risk profile through from Compliance monitoring and analysis.
- Seek to enhance and improve the financial crime and regulatory compliance control infrastructure through advanced controls and/or system enhancements.
- Take responsibility for creating and conducting continuous compliance training programmes to the staff, proportionate to the scale and breadth of the Bank’s activities.
- Take responsibility for the early assessment and communication of emerging regulatory related rules that may impact the business.
- Take overall responsibility for the firm’s policies and procedures for countering regulatory and financial crime risks.
- Design, implement and monitor of periodic compliance monitoring from a 2nd line of defence standpoint, emanating from processes and controls identified from the Compliance Risk Assessment.
- Conduct quality assurance and thematic reviews where required.
- Support the wider business by promoting a compliance culture.
- Provide resource for project related requirements which require Compliance expertise.
EXPERIENCE REQUIRED:
- Must have Retail and/or digital banking experience. Ideally held SMF16 before or have enough experience to cover it.
- Previous SMF 16 holder or have enough experience to cover an SM16 role.
- Knowledge of FCA Handbook and associated regulatory requirements for Banking firms.
- Strong knowledge of MiFID, EMIR, PSD2, GDPR requirements.
- Knowledge of general banking operations and procedures, particularly those in small/medium sized institutions.
- Ability to form a view on policy and framework, writing and enhancing policy where required.
- Strong knowledge of 2nd line monitoring techniques.
- Experience of setting up a structure and framework to address regulatory compliance workstreams and policy requirements.
Interim Head of Compliance SMF16 (6 month FTC) employer: Job Traffic
Contact Detail:
Job Traffic Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Interim Head of Compliance SMF16 (6 month FTC)
✨Tip Number 1
Network with professionals in the compliance field, especially those who have experience in retail and digital banking. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in compliance.
✨Tip Number 2
Familiarise yourself with the FCA Handbook and other relevant regulatory frameworks. Being well-versed in these regulations will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Prepare to discuss your previous experiences in managing compliance teams and handling regulatory issues. Use specific examples that highlight your ability to lead and improve compliance processes, as this will be crucial for the role.
✨Tip Number 4
Stay updated on emerging regulatory changes that could impact the banking sector. Showing that you are proactive about understanding future challenges will set you apart from other candidates and align with the firm's goals.
We think you need these skills to ace Interim Head of Compliance SMF16 (6 month FTC)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Interim Head of Compliance SMF16 position. Familiarise yourself with the key requirements such as knowledge of FCA Handbook, MiFID, and GDPR.
Tailor Your CV: Customise your CV to highlight relevant experience in retail and digital banking, particularly any previous roles that align with compliance and regulatory frameworks. Emphasise your familiarity with compliance monitoring techniques and your ability to enhance policies.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the compliance landscape and your specific experiences that relate to the job description. Mention your previous experience with SMF16 or similar roles and how you can contribute to the company's compliance culture.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents for any spelling or grammatical errors. Ensure that your application is clear, concise, and professional, reflecting your attention to detail which is crucial in compliance roles.
How to prepare for a job interview at Job Traffic
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the FCA Handbook and the specific regulatory requirements for banking firms. Brush up on your knowledge of MiFID, EMIR, PSD2, and GDPR, as these will likely come up during the interview.
✨Showcase Your Leadership Skills
As the Interim Head of Compliance, you'll be overseeing a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past, particularly in compliance or regulatory roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world compliance scenarios. Think about past experiences where you had to navigate complex regulatory challenges and how you addressed them.
✨Demonstrate a Proactive Compliance Culture
Be ready to discuss how you would promote a compliance culture within the organisation. Share ideas on training programmes and initiatives you could implement to enhance compliance awareness among staff.
