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For Companies At a Glance
- Tasks: Conduct compliance assurance and testing to ensure regulatory standards are met.
- Company: Join a global banking group based in the City with a strong compliance culture.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Make a real impact by ensuring compliance and shaping the future of banking.
- Qualifications: 3+ years in UK financial services with strong compliance monitoring experience.
- Other info: Be part of a team that champions a robust compliance culture across the organisation.
The predicted salary is between 36000 - 60000 £ per year.
THE COMPANY: Our client is a global banking group with offices based in the City. They are looking to hire a Compliance Analyst to carry out regular compliance assurance and testing for the business.
THE RESPONSIBILITIES:
- Governance
- Maintain and embed appropriate monitoring and testing standards and procedures for the Compliance Assurance & Testing team.
- Develop and execute the Compliance Monitoring and Testing Plan (CMP) in collaboration with the Senior Manager, Compliance Assurance & Testing.
- Ensure all areas of the business are appropriately monitored and any changes to regulations directed by other Compliance teams are incorporated into the monitoring plan.
- Support the collation of monthly Management Information (MI) and reports to the GM, Compliance & MLRO, Senior Management and relevant governance committees.
- Support the implementation and execution of controls where risks or control deficiencies or gaps are identified.
- Monitoring and Testing
- Develop and deliver the annual compliance assurance plan based on risk assessments and regulatory priorities.
- Conduct end to end compliance monitoring reviews, including scoping, fieldwork, testing, and reporting.
- Perform thematic reviews on emerging regulatory risks (e.g., financial crime, conduct, consumer duty, market abuse).
- Support the development and maintenance of detailed test scripts that align to internal policies and procedures as well as regulatory requirements.
- Test the design and operating effectiveness of compliance controls across business lines.
- Track and validate remediation actions to ensure timely closure of issues.
- Identify and risk rate deficiencies and work with line management on remediation plans.
- Deliver timely and accurate compliance monitoring reports that opine on the adequacy of Compliance systems, controls and processes to manage compliance risks.
- Horizon scanning
- Monitor regulatory developments, consultation papers, enforcement actions, and industry trends across UK, EU, and global regulatory bodies.
- Assess the potential impact of upcoming regulatory changes on the bank’s compliance framework, policies, and control environment.
- Incorporate emerging risks into the annual compliance assurance plan and adjust testing priorities accordingly.
- Work closely with the business to ensure timely awareness and preparedness for new or evolving requirements.
- Produce concise horizon scanning updates and briefings for senior management, highlighting key themes, risks, and recommended actions.
- Use external intelligence sources (industry forums, regulatory publications, trade associations) to benchmark the bank’s readiness against peers and best practices.
- Regulatory Compliance
- Maintain up to date knowledge of all relevant regulations and internal policies.
- Review and update departmental policies in accordance with scheduled review cycles.
- Develop and deliver subject specific training materials for Bank wide use.
- Manage key Regulatory Compliance logs and registers, including Conflicts of Interest, Gifts and Hospitality, and Breaches.
- Coordinate and submit FCA regulatory reporting requirements.
- Support internal audits, regulatory reviews, and broader governance processes.
- Champion and embed a strong compliance culture across the organisation.
EXPERIENCE REQUIRED:
- A minimum of 3 years’ experience within a UK financial services environment, gained in a regulatory compliance function or directly with a regulator.
- Significant, relevant experience conducting Compliance monitoring and testing for a financial services firm in the UK covering retail and institutional business.
- Strong understanding of industry practices and disciplines having implemented and developed compliance monitoring and testing frameworks in the past.
- Experience of applying monitoring or audit methodologies within financial organisations.
- Must have extensive knowledge of the UK regulatory and financial crime framework with good knowledge of retail/corporate banking operations, products and processes.
- Must have an excellent understanding of how a Compliance Assurance & testing programme works.
Compliance Analyst, Regulatory Compliance & Assurance Testing employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Analyst, Regulatory Compliance & Assurance Testing
✨Tip Number 1
Network like a pro! Reach out to folks in the compliance field, especially those who work at banks or financial services. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of current regulations and compliance frameworks. We want you to be able to discuss how you’d tackle compliance challenges, so think of examples from your past experience that showcase your skills.
✨Tip Number 3
Don’t forget to tailor your approach! When applying through our website, make sure your application reflects the specific requirements of the Compliance Analyst role. Highlight your experience with compliance monitoring and testing to catch their eye.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Use this opportunity to reiterate your enthusiasm for the role and mention any key points from the interview that you found particularly interesting.
We think you need these skills to ace Compliance Analyst, Regulatory Compliance & Assurance Testing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Analyst role. Highlight your experience in compliance monitoring and testing, and don’t forget to mention any relevant regulations you’re familiar with. We want to see how your skills match what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about compliance and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Did you improve a compliance process or successfully manage a regulatory change? We want to hear about it! Numbers and outcomes can really make your application stand out.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you brush up on the latest UK regulatory frameworks and compliance standards. Being able to discuss recent changes or trends in regulations will show that you're proactive and knowledgeable, which is crucial for a Compliance Analyst role.
✨Demonstrate Your Experience
Prepare specific examples from your past roles where you've conducted compliance monitoring or testing. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting how your actions led to positive outcomes in compliance assurance.
✨Showcase Your Analytical Skills
Be ready to discuss how you approach risk assessments and develop compliance monitoring plans. Think of scenarios where you've identified deficiencies and how you worked with management to implement remediation plans. This will demonstrate your analytical mindset and problem-solving abilities.
✨Engage with Horizon Scanning
Familiarise yourself with current industry trends and emerging regulatory risks. Be prepared to share insights on how these could impact the bank's compliance framework. Showing that you can think ahead and adapt to changes will set you apart as a candidate.