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For Companies At a Glance
- Tasks: Lead compliance reviews and collaborate with teams to ensure regulatory standards are met.
- Company: Join a global corporate bank managing over $1 trillion in assets.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Make a real impact in compliance while working with diverse teams and enhancing your skills.
- Qualifications: Degree in Law, Banking or Finance; experience in Internal Audit or Compliance Assurance required.
- Other info: Opportunity to mentor junior staff and represent the team in key meetings.
The predicted salary is between 43200 - 72000 £ per year.
THE COMPANY: Our client is a multinational corporate bank with offices across the globe and over $1 trillion AUM. They are looking for a Compliance Assurance AVP to join the team.
THE RESPONSIBILITIES:
- Plan and conduct independent Compliance Assurance reviews as assigned from the annual plan, in line with the Compliance Assurance Methodology.
- Develop and maintain effective business relationships and partnerships with areas subject to review, to ensure mutual understanding of review scope, procedure and reporting approach.
- Work collaboratively with the business stakeholders at all stages of the review, agreeing issues and the appropriate remedial actions in a timely manner.
- Produce a draft report for each review engagement, clearly articulating the issue, root cause and the agreed management actions with realistic timescales agreed with stakeholders for implementation.
- Effective documentation of review work performed at every stage of the review in a manner which enables effective re-performance by interested parties.
- Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards.
- Risk-assess the business undertaken and operational practices for consideration of inclusion in the Compliance Assurance programme.
- Ensure actions are tracked to completion, and support is provided as necessary, for example, liaison with and the introduction of the business to SMEs within the Bank who can provide guidance.
- Ensure business managers understand the issues and their ownership of compliance risk and financial crime risk, to enable resolution of identified issues through relevant actions.
- Collate periodic reports for Head of Department, Senior Management and the Compliance Committee which are clear, succinct and proportionate in their presentation of progress of the Compliance Assurance programme.
- Deputise for the Compliance Assurance Team leader as required, and represent the team in attending relevant meetings and other forums as appropriate.
- Provide support and coaching to junior staff in their development, particularly during reviews, issue management and in the delivery of ad hoc tasks.
EXPERIENCE REQUIRED:
- Proven experience working in Internal Audit and/or Compliance Assurance environment, preferably in the Banking sector.
- Degree educated preferably in Law, Banking or Finance.
- Relevant professional qualifications (e.g. ICA, CAMS, ACCA or IIA).
- Good working knowledge of the regulatory environment in the UK, EMEA and other extraterritorial regulations (for example Dodd-Frank).
- Good understanding and working knowledge of the UK AML, CTF, Sanctions, ABC, Fraud and Tax Evasion regimes, including applicable standards such as the UK Joint Money Laundering Steering Group (JMLSG) Guidance.
- Knowledge of Wholesale, Commercial and Retail Banking Financial products and services.
Compliance Assurance - AVP employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Assurance - AVP
✨Tip Number 1
Familiarise yourself with the Compliance Assurance Methodology used by the bank. Understanding their specific approach will help you demonstrate your alignment with their processes during interviews.
✨Tip Number 2
Network with professionals in the compliance and internal audit sectors, especially those who have experience in banking. This can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest regulatory changes in the UK and EMEA regions. Being knowledgeable about current compliance issues will show your commitment and expertise in the field.
✨Tip Number 4
Prepare to discuss your experience in risk assessment and issue management during the interview. Be ready to provide examples of how you've successfully navigated compliance challenges in previous roles.
We think you need these skills to ace Compliance Assurance - AVP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Internal Audit and Compliance Assurance, particularly within the banking sector. Use specific examples that demonstrate your understanding of regulatory environments and compliance standards.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Compliance Assurance AVP role. Discuss how your background in law, banking, or finance aligns with the responsibilities outlined in the job description, and mention any relevant professional qualifications you hold.
Showcase Your Skills: Emphasise your ability to lead risk-based reviews and develop effective business relationships. Provide examples of how you've successfully managed compliance risks and collaborated with stakeholders to implement remedial actions.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in a compliance role.
How to prepare for a job interview at Compliance Professionals
✨Understand the Compliance Landscape
Make sure you have a solid grasp of the regulatory environment, especially in the UK and EMEA. Familiarise yourself with key regulations like AML, CTF, and Dodd-Frank, as this knowledge will be crucial during your interview.
✨Demonstrate Your Audit Experience
Be prepared to discuss your previous experience in Internal Audit or Compliance Assurance. Highlight specific projects where you led reviews or collaborated with stakeholders, showcasing your ability to manage compliance risks effectively.
✨Showcase Your Communication Skills
Since the role involves liaising with various business units, practice articulating complex compliance issues clearly and succinctly. Prepare examples of how you've communicated findings and recommendations to non-compliance professionals.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about past challenges you've faced in compliance roles and how you resolved them, focusing on your analytical and decision-making processes.
