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- Tasks: Lead compliance efforts in retail banking, ensuring regulations are met and risks managed.
- Company: Join a global banking group known for its innovative retail and digital banking solutions.
- Benefits: Enjoy competitive perks, potential remote work options, and a dynamic work environment.
- Why this job: Be part of a team that shapes banking compliance while making a real impact on customer trust.
- Qualifications: Must have banking compliance experience, strong communication skills, and a knack for risk management.
- Other info: Opportunity to manage a small team and engage with stakeholders at all levels.
The predicted salary is between 43200 - 72000 £ per year.
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.
THE RESPONSIBILITIES:
- Have a good understanding of relevant legislation, the PRA and FCA Handbooks.
- Identify the regulatory risks the bank faces, mitigating controls and make appropriate changes.
- Ensure that the Compliance RCSAs are complete and up to date.
- Track upstream regulatory change.
- Help plan, prepare and execute the compliance monitoring programme.
- Oversee and carry out conduct risk controls, monitor the business for conduct risk issues and support conduct risk projects.
- Provide advice and training.
- Update policies and procedures as appropriate.
- Consumer Duty and TCF obligations.
- Production of the monthly MI.
- 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.
- 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.
Deputy Head of Compliance - Retail Banking background employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Compliance - Retail Banking background
✨Tip Number 1
Familiarise yourself with the latest updates from the PRA and FCA Handbooks. Being well-versed in current regulations will not only boost your confidence during interviews but also demonstrate your commitment to compliance in retail banking.
✨Tip Number 2
Network with professionals in the compliance sector, especially those with experience in retail banking. Attend industry events or join relevant online forums to gain insights and make connections that could lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and mitigated regulatory risks in previous roles. Highlighting your hands-on experience with compliance monitoring and risk assessments will set you apart from other candidates.
✨Tip Number 4
Showcase your people management skills by preparing examples of how you've successfully led a team in a compliance setting. Emphasising your ability to train and engage staff on compliance matters will resonate well with hiring managers.
We think you need these skills to ace Deputy Head of Compliance - Retail Banking background
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Deputy Head of Compliance role. Familiarise yourself with relevant legislation, the PRA and FCA Handbooks, and the specific compliance challenges faced in retail banking.
Tailor Your CV: Highlight your relevant experience in compliance within the banking sector, especially in retail or digital banking. Emphasise your knowledge of regulatory compliance, risk assessments, and any people management experience you have.
Craft a Strong Cover Letter: In your cover letter, explain why you are a great fit for this role. Discuss your understanding of consumer duty and TCF obligations, and how your previous experiences align with the responsibilities outlined in the job description.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you have a solid understanding of the PRA and FCA Handbooks. Brush up on relevant legislation and be prepared to discuss how these regulations impact the bank's operations.
✨Demonstrate Risk Management Skills
Be ready to talk about your experience in identifying regulatory risks and implementing mitigating controls. Share specific examples of how you've successfully managed compliance risks in previous roles.
✨Showcase Your People Management Experience
Highlight your experience in managing teams, especially in a compliance context. Discuss how you've trained staff on compliance matters and fostered a culture of compliance within your team.
✨Prepare for Scenario-Based Questions
Expect questions that require you to think on your feet. Prepare for scenarios related to conduct risk issues or data protection breaches, and outline how you would handle them effectively.
