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- Tasks: Support the Head of Compliance and ensure regulatory risks are managed effectively.
- Company: Join an international banking group focused on compliance and financial crime prevention.
- Benefits: Gain valuable experience in a dynamic environment with opportunities for professional growth.
- Why this job: Be part of a team that shapes compliance practices and makes a real impact in banking.
- Qualifications: 5 years in compliance, preferably in wholesale banking or trade finance, with strong policy writing skills.
- Other info: Opportunity to liaise with legal advisors and present findings to management committees.
The predicted salary is between 36000 - 60000 £ per year.
THE COMPANY: Our client is an International banking group, seeking an Associate Manager in Compliance. This position will support the Head of Compliance and collaborate with the rest of the department to identify and clarify internal Compliance, AML and Financial Crime practices and controls.
THE RESPONSIBILITIES:
- Review internal and external business-related documents and templates from a legal perspective providing analysis and feedback as and when required.
- Liaise with third party legal advisors and/or consultants as and when required.
- Review all third party and supplier contracts ensuring that they have been authorised appropriately (signed, dated etc.) and are compliant with delegated authority and terms and conditions.
- Work alongside the Compliance Manager in ensuring that the regulatory risks to company activities are identified, measured, monitored and controlled, taking into account the requirements of the annual Compliance Monitoring Programme.
- Assist with the development of best practices in compliance control by ensuring that a comprehensive suite of compliance documentation/policies are in place, developed/updated and maintained including the Compliance Manual and Prevention of Financial Crime Manual.
- Ensure the provision of accurate and timely advice and guidance on regulatory issues, business standards, policies and procedures, ensuring the consistency and dissemination of best practices.
- Support the 1st line of defence in embedding best practice in relation to Compliance.
- Annually review, update and robustly carry out the Compliance Monitoring Plan providing challenge to the business/operations where required.
- Ensure that the Compliance Monitoring Plan is aligned with current PRA/FCA regulations, identified products and risks.
- Undertake allocated tasks within the plan to completion and report the findings to the MC and RCC.
- Annual review and update of the relevant Compliance policies and procedures including the Compliance Manual, ensuring that it covers PRA/FCA regulations, identified products and risks.
- Present the Compliance Monitoring Plan to the RCC for approval.
- Stay abreast of key regulatory changes to ensure proactive communication with the business and develop/update appropriate policy and framework to reflect the changes.
- Monitor regulatory developments and promote industry best practices, identify and communicate relevant areas to stakeholders and ensure required changes are aligned to company policies, processes and ethics.
- If and when required, provide input in the preparation of the monthly Management Committee reports and quarterly Risk and Compliance Committee reports.
- Liaise with other Departments concerning Compliance developments.
- Provide cover for the Compliance Manager in their absence.
EXPERIENCE REQUIRED:
- A Generalist compliance professional with 5 years of proven background in the Generalist Compliance and regulatory field, preferably in Wholesale banking and/or Trade finance.
- Proven experience of policy writing, development and implementation – e.g., Compliance Manual, Financial Crime etc. An understanding of Wholesale banking and/or Trade finance.
- A good understanding of regulatory rules/laws, industry issues and business operations.
- Good knowledge of financial crime and Compliance regulatory requirements.
For further information please contact Hannah Tabatabai.
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Associate Manager – Compliance employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Manager – Compliance
✨Tip Number 1
Familiarize yourself with the latest PRA/FCA regulations and compliance best practices. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the compliance field.
✨Tip Number 2
Network with professionals in the compliance and regulatory space, especially those with experience in wholesale banking or trade finance. Engaging with industry peers can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of your experience in policy writing and compliance monitoring. Highlighting your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Stay proactive by following relevant compliance news and updates. Being able to discuss recent developments during your interview will show your enthusiasm and dedication to the role.
We think you need these skills to ace Associate Manager – Compliance
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Tailor your application to highlight your relevant experience in compliance, AML, and financial crime.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 5 years of experience in Generalist Compliance and regulatory fields, particularly in Wholesale banking or Trade finance. Provide specific examples of your policy writing and implementation skills.
Showcase Your Knowledge: Demonstrate your understanding of regulatory rules and industry issues in your application. Mention any relevant certifications or training that showcase your expertise in compliance and financial crime.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your background to the specific needs of the company. Discuss how you can contribute to their compliance efforts and support the Head of Compliance effectively.
How to prepare for a job interview at Compliance Professionals
✨Understand Compliance Regulations
Make sure you have a solid grasp of the relevant compliance regulations, especially those related to PRA/FCA. Be prepared to discuss how these regulations impact the company's operations and how you can help ensure compliance.
✨Showcase Your Policy Writing Skills
Since the role involves policy writing and development, come prepared with examples of policies you've created or updated in the past. Highlight your experience in creating compliance manuals or financial crime policies.
✨Demonstrate Collaboration Skills
This position requires collaboration with various departments and third-party advisors. Be ready to share examples of how you've successfully worked with others to achieve compliance goals or resolve regulatory issues.
✨Stay Updated on Industry Trends
Show that you are proactive about staying informed on regulatory changes and industry best practices. Discuss any recent developments in compliance or financial crime that you find particularly relevant to the role.
