At a Glance
- Tasks: Manage regulatory compliance risks and provide expert advice to internal teams.
- Company: Join a dynamic team at the Bank of Singapore, part of OCBC Group.
- Benefits: Enjoy a fast-paced work environment with opportunities for professional growth.
- Other info: Fluency in English is essential; additional languages are a plus.
- Why this job: Make a real impact by ensuring compliance and shaping company policies.
- Qualifications: 7+ years in compliance at a UK regulated bank; degree required.
The predicted salary is between 43200 - 72000 £ per year.
About the Role
The Regulatory Compliance Manager is a member of the BOSWME UK Branch team, working closely with the local teams as well as with the Group Regulatory Compliance (Bank of Singapore and OCBC). The Regulatory Compliance function is a second line of defence function, which has as its main task to ensure that the first line maintains full responsibility and accountability for the regulatory compliance risks taken within the business. The Regulatory Compliance function also performs an advisory role and partners with stakeholders to ensure that compliance risks are proactively identified, mitigated, monitored, and reported in line with laws and regulations.
The Regulatory Compliance Manager will provide UK regulatory compliance expertise and advice to internal stakeholders, implement and update the Company’s Regulatory Compliance Policies and Procedures in accordance with local requirements and Group policies, prepare Regulatory Compliance reports, including reports to management and the Head Office, and other materials as required, assist with special projects as needed, with the ability to work in a fast-paced, ever-changing environment.
Main Responsibilities
- Identify and assess UK regulatory compliance risks and impact from new projects, products/services or arising from new regulations.
- Act as a focal point of contact with the FCA concerning regulatory matters and keep the General Manager, Head of Legal and Regulatory Compliance, Head Office and Management Committee updated as appropriate.
- Maintain knowledge and awareness of key regulatory changes related to Regulatory Compliance matters impacting the business, including review of relevant local consultation papers, discussion papers, guidance, policy statements, thematic reviews, and enforcement cases.
- Resolve and follow up any issues raised by the regulators in relation to regulatory compliance matters.
- Plan and manage all regulatory and internal audit requirements for regulatory compliance.
- Develop annual compliance risk assessment and compliance monitoring plan to ensure the objectives are monitored periodically and ensure local monitoring and follow up.
- Perform compliance monitoring in accordance with the compliance monitoring plan.
- Advise stakeholders on regulatory requirements and industry guidelines/ practices as set by the FCA.
Qualifications & Required Skills
- Degree holder in the related disciplines.
- At least 7 years’ relevant experience at a UK regulated bank, investment firm or Wealth Management in a second line of defence role.
- Excellent working knowledge and experience of developing compliance policies to ensure compliance with the applicable UK regulations.
- Strong knowledge with the FCA Handbook and ability to read and interpret rules and apply fact pattern to the rules.
- Excellent written and verbal communication skills to deliver accurate and concise advice.
- Robust and inquisitive mindset with clear and demonstrable understanding of the three lines of defence.
- Ability to work autonomously and proactively and to take ownership and the full responsibility of the tasks performed.
- Attention to detail and ability to deliver accurate deliverables at fast pace.
- Experience in dealing with regulatory change projects, remediation/ Audit related issues and FCA inspections.
- Team player with desire and ability to work within a small and growing business.
- Fluency / Native proficiency in English, any additional language would be considered as an advantage.
Regulatory Compliance Manager (London Based) in Slough employer: Bank of Singapore, Asia's Global Private Bank
As a Regulatory Compliance Manager at our London office, you will join a dynamic team that values collaboration and innovation in the fast-paced banking environment. We offer a supportive work culture that prioritises employee growth through continuous learning opportunities and professional development, alongside competitive benefits that enhance work-life balance. Our commitment to compliance excellence not only ensures regulatory adherence but also fosters a rewarding career path for those passionate about making a meaningful impact in the financial sector.
Contact Details:
Bank of Singapore, Asia's Global Private Bank Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Compliance Manager (London Based) in Slough
✨Join Compliance Communities
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We think you need these skills to ace Regulatory Compliance Manager (London Based) in Slough
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 Singapore, Asia's Global Private Bank. 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 Singapore, Asia's Global Private Bank
✨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 Singapore, Asia's Global Private Bank’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
