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- Tasks: Ensure compliance monitoring and risk assessments in a dynamic banking environment.
- Company: Join a small, dedicated team in a reputable banking institution.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Why this job: Make a real impact on financial crime prevention and compliance assurance.
- Qualifications: Bachelor’s degree and 3+ years of banking experience required.
- Other info: Opportunity for career growth in a fast-paced, collaborative setting.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Our client is looking for a Banking Compliance Risk & Assurance Manager to join their small team on a permanent basis. This position is full‑time in office, 5 days per week. The successful candidate will be responsible for ensuring the compliance monitoring and assurance activities and the business‑wide risk assessments (Financial Crime, Compliance and Conduct) are carried out. The role also includes risk assessment, monitoring, testing, and review activities as required under the Compliance Monitoring and Assurance Programme (CMAP) and assisting with the annual CMAP planning.
Key Responsibilities
- Direct contribution to completion of the annual Financial Crime Business‑wide Risk Assessment and Compliance and Conduct Risk Assessment process, and identify and implement appropriate controls to detect, prevent and mitigate identified risks.
- Carry out the written annual plan and lead the CMAP, ensuring the programme is executed on schedule; if the schedule needs changing, work with relevant personnel to agree any change.
- Participate in the timely execution of the CMAP plan, including thematic reviews of Anti‑Bribery and Corruption, testing critical aspects of Market Abuse controls for reasonableness (Voice Recording), Gifts & Entertainment testing, Bloomberg Vault monitoring, FSCS eligible client classification and providing concise, timely and accurate written reports highlighting issues and recommendations for improvement/remediation actions.
- Develop and maintain good relationships with both the 1LOD and 3LOD to ensure that CMAP findings are communicated and remediated in a timely manner.
- Participate in maintaining the risk assessment and CMAP methodologies to keep them in line with industry best practice.
- Lead production and review of Management Information from the Risk Assessment and CMAP activities.
- Attend the Compliance Forum and present CMAP and risk assessment reports and findings to the committee, when required.
- Participate in the Compliance Department’s input into the Operational Risk RCSA process.
- Assist with implementing enhancements to Compliance and Financial Crime systems and controls.
Skills, Experience and Qualifications
- Bachelor’s degree or higher required; recognised industry qualification (e.g., ACAMS, ICA Diploma) highly desirable.
- Good experience participating in 2LoD Assurance & Testing in a wholesale banking environment.
- Good knowledge of relevant FCA & PRA Rules, guidance, enforcement actions and relevant UK AML Regulations, Sanctions Regime, Fraud and Bribery Act.
- Attention to detail with a strong analytical and problem‑solving mindset.
- Applicants must have at least 3 years of experience in a UK bank.
- Sponsorship will not be available for this position; therefore, 3+ years on visa eligibility to work in the UK is essential.
For more information on this role please contact Judith Webb by sending your CV to judith@bhal.co.uk and quoting ref 1691. Location: London, England, United Kingdom.
Banking Compliance Risk & Assurance Manager in City of London employer: Barbara Houghton Associates Limited
Contact Detail:
Barbara Houghton Associates Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Banking Compliance Risk & Assurance Manager in City of London
✨Network Like a Pro
Get out there and connect with people in the banking compliance field. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to professionals for a chat. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by researching common questions in compliance risk roles. Practice your answers and think of examples from your experience that showcase your skills. Remember, we want to see your analytical mindset and problem-solving abilities shine through!
✨Showcase Your Skills
When you get the chance to present your experience, focus on your achievements in compliance monitoring and risk assessment. Use metrics where possible to demonstrate your impact. We love seeing candidates who can back up their claims with solid evidence!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us can give you an edge, as we’re always on the lookout for passionate candidates who fit our culture. Let’s make your next career move a great one together!
We think you need these skills to ace Banking Compliance Risk & Assurance Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Banking Compliance Risk & Assurance Manager role. Highlight your relevant experience in compliance monitoring and risk assessments, and don’t forget to mention any industry qualifications you have!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key responsibilities listed in the job description.
Showcase Your Analytical Skills: Since attention to detail and analytical skills are crucial for this position, make sure to include examples of how you've used these skills in your previous roles. This will help us see your problem-solving mindset in action!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates like you!
How to prepare for a job interview at Barbara Houghton Associates Limited
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of FCA & PRA rules, UK AML regulations, and the Fraud and Bribery Act. Being able to discuss these topics confidently will show that you're not just familiar with the basics but also understand their practical implications in a banking environment.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've demonstrated strong analytical and problem-solving skills. Think about specific situations where you identified risks and implemented controls, as this will resonate well with the role's requirements.
✨Build Relationships
Since the role involves liaising with both the 1LOD and 3LOD, be ready to discuss how you've successfully built and maintained relationships in previous roles. Highlight any collaborative projects or initiatives that required teamwork and communication.
✨Prepare for Thematic Reviews
Familiarise yourself with common thematic reviews like Anti-Bribery and Corruption or Market Abuse controls. Be prepared to discuss how you would approach these reviews and what methodologies you would use to ensure compliance and effectiveness.
