At a Glance
- Tasks: Ensure compliance with regulations and support the business in maintaining a strong compliance culture.
- Company: Join Alpha Bank London, a legacy bank with a modern twist and ambitious goals.
- Benefits: Competitive salary, professional development, and a chance to make an impact.
- Other info: Exciting opportunity for growth in a supportive and innovative environment.
- Why this job: Be part of a dynamic team shaping the future of banking with community focus.
- Qualifications: Experience in regulatory compliance and strong knowledge of FCA and MiFID requirements.
The predicted salary is between 49500 - 60500 £ per year.
A legacy of Trust. A future of Innovation.
Founded in 1922, Alpha Bank London (ABL) has a deep history in the City of London.
Today, we operate as a fully independent entity within the Alpha Bank Group, blending nearly a century of banking excellence with a modern approach.
We proudly serve clients across the UK and internationally, offering bespoke financial solutions with the agility of niche bank and the depth of experience that only history can provide.
There’s never been a more exciting time to join ABL.
Despite our small size we have huge ambition.
Our evolution includes the development of a digital retail banking offering with community impact at its core.
With strong backing from our Board and shareholders, our new proposition is geared towards the Greek, Cypriot, and wider diaspora populations in the UK.
This is a 6 month FTC.
Role Summary
The Regulatory Compliance Manager will play a key role in delivering the Bank’s second line regulatory compliance framework, with a focus on compliance monitoring, regulatory mapping, risk assessment, thematic reviews, regulatory reporting and advisory support to the business.
Working closely with the other members of the Regulatory Compliance team and the Chief Risk Officer, the role will help ensure the Bank remains compliant with applicable FCA, Mi FID and other regulatory requirements, while promoting a strong compliance culture and providing clear, practical guidance to stakeholders across the business.
Key Responsibilities
- Carry out assessments and maintain the mapping table of the regulatory compliance rulebook against the Bank’s activities, encompassing all applicable regulatory bodies
- Manage and operate the Compliance monitoring programme
- Manage the Compliance Risk Assessment Process
- Conduct thematic reviews
- Risk & Compliance Committee Issue follow up - Compliance findings tracker
- Provide Mi FID support
- Conduct periodic compliance monitoring from a 2nd line of defence standpoint, emanating from processes and controls identified from the Compliance risk assessment.
- Assist the SMF16 in providing advisory activities to the business areas on day-to-day matters as well as specific requirements.
- Preparemonthly management informationrelating to monitoring findings and other compliance matters and report into governance committees
- Assist in the logging of, and investigation into, compliance related breaches
- Assist in the investigation and logging of customer complaints, and registering of gifts and entertainment, personal account dealing, data protection matters and other compliance related items
- Assist in Compliance policy creation and enhancements of procedures
- Prepare various regulatory returns as relevant
- Assist the Bank through providing Compliance expertise on initiatives or projects as needed
- Support the broader Compliance team in day-to-day activities as requested
- Support the wider business by promoting a compliance culture through interactive feedback from monitoring reviews
- Assist with any other compliance related tasks as per the SMF16’s direction.
- Ensure controls and procedures are implemented to maintain compliance with all regulatory requirements
- Report any significant compliance failures to Senior Management on a timely basis
- Consider areas where process can be improved and efficiencies made
- Provide cover for duties as requested by management
- Ensure timely, accurate and robustness of reporting prepared
- Report operational risk events that occur as soon as possible
- Keep up to date and familiar with relevant regulatory compliance concerns
Key Requirements
Qualifications
- Relevant experience of regulatory compliance activity in a similar sized financial services firm
- Relevant retail and Mi FID experience desired
- Very strong knowledge of FCA handbooks and associated requirements for Banking firms
- Strong Mi FID knowledge is essential and Payment Services Regulations desirable
- Knowledge of banking operational procedures
- Knowledge of 2nd line monitoring techniques
- Ability to map regulation to business activity
- Well-versed in monitoring techniques and risk assessment
Technical Skills
- High standard of administrative and organizational skills
- Ability to question outliers
- Ability to read regulation, interpret, assess and inform on findings
- Analytical mindset
- Ability to think for oneself and present solutions
- Strong report writing and presentational skills
- Ability to work in a team
- Ability to communicate effectively across all levels, including executive management
- #J-18808-Ljbffr
Regulatory Compliance Manager employer: Alpha Bank London
At Alpha Bank London, we pride ourselves on being an exceptional employer that fosters a culture of innovation, collaboration, and excellence. Our Relationship Managers enjoy a supportive work environment where they can develop their skills and grow their careers while delivering high-quality Private Banking services to affluent and corporate clients. With a strong focus on employee development and a commitment to regulatory compliance, we empower our team members to take ownership of their roles and contribute to the ongoing success of our business in a vibrant financial hub.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Compliance Manager
✨Join Financial Networking Events
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We think you need these skills to ace Regulatory Compliance Manager
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Alpha Bank London will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Alpha Bank London. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Alpha Bank London confidence in your short-term commitment to the role.
How to prepare for a job interview at Alpha Bank London
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Alpha Bank London.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Alpha Bank London that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
