Deputy Head of Compliance- Retail Banking background

Overview

THE COMPANY: Our client is an international corporate and retail banking group with a global reach. They are seeking a Deputy Head of Compliance to join them and assist on their retail banking/digital banking product offering.

Responsibilities

• Have a good understanding of relevant legislation, the PRA and FCA Handbooks
• Identifies the regulatory risks the bank faces, mitigating controls and make appropriate changes.
• Ensures that the Compliance RCSAs are complete and up to date.
• Tracks upstream regulatory change
• Help plan, prepare and execute the compliance monitoring programme.
• To oversee and carry out conduct risk controls, monitor the business for conduct risk issues and support conduct risk projects.
• To provide advice and training
• Update policies and procedures as appropriate
• Consumer Duty and TCF obligations.
• The production of the monthly MI
• To act as the point of contact for Data protection matters and support the DPO
• Monitor compliance with the UK GDPR and other applicable data protection legislation
• To undertake breach investigation and reporting into data breaches
• Deliver Data Protection training to staff from time to time.

Experience Required

• Relevant experience within a Deputy or compliance manager role in the banking sector.
• Experience in a retail bank/challenger bank/retail online banking is a must for this role
• Knowledge of current accounts/payments/consumer duty is also essential
• Strong knowledge of regulatory compliance rather than financial crime
• People management experience – previous experience in managing a small team
• Strong communication skills, with the ability to engage effectively with stakeholders at all levels.
• Experience with compliance monitoring, risk assessments, regulatory reporting, or governance frameworks.
• Full understanding of the FCA Handbook

For further information please contact Natalie Eshelby