At a Glance
- Tasks: Provide compliance guidance and improve policies to keep the bank safe and client-focused.
- Company: Bank of London, a pioneer in safer business banking with innovative solutions.
- Benefits: Full-time role with a focus on inclusion, diversity, and professional growth.
- Other info: Dynamic office environment in London with opportunities for travel.
- Why this job: Join a team that values compassion and curiosity while making a real impact in banking.
- Qualifications: Understanding of UK financial regulations and experience in compliance roles.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-time Clearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.
Responsibilities
- Be a trusted adviser to teams across the bank, providing practical, risk-based compliance guidance.
- Help design and improve policies, processes, and controls that keep the Bank safe, compliant and client-focused.
- Monitor regulatory changes and assess their impact on our products and services.
- Carry out compliance monitoring reviews, identify issues and track remediation.
- Support regulatory engagement, including drafting responses and preparing colleagues for supervisory meetings.
- Contribute compliance input to the development of new products and services.
- Deliver engaging training and awareness sessions that bring compliance to life.
- Help foster a culture where compliance is part of how we do things every day.
Qualifications
- Solid understanding of UK financial regulation (PRA, FCA) and how it applies to banks and payment services firms, in particular the Payment Services Regulations, Consumer Duty, governance and conduct related rules.
- Experience in a compliance or regulatory role, ideally in banking or payments.
- Clear, confident communication skills that can translate complex regulation into plain language.
- The ability to work independently, prioritise and deliver multiple priorities.
- A pragmatic, problem-solving approach and the confidence to challenge constructively.
Location
London (5 days per week in the office). Travel to other locations may be required on occasion.
Diversity
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance
Industries
Banking
Compliance Manager in London employer: Bank of London
At Bank of London, we pride ourselves on being a forward-thinking employer that champions innovation and resilience in the banking sector. Our hybrid work model fosters a collaborative environment where employees can thrive, supported by competitive benefits such as enhanced pension schemes, generous leave policies, and a strong focus on personal development. Join us in London, where your contributions directly empower ambitious businesses and shape the future of banking.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Bank of London looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Manager in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Bank of London. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Bank of London
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Bank of London’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
