At a Glance
- Tasks: Lead compliance monitoring and risk assessment for a prestigious private bank.
- Company: Join a leading private bank with a strong UK presence.
- Benefits: Enjoy a competitive salary and a dynamic work environment.
- Other info: Collaborative culture with opportunities for professional growth.
- Why this job: Make a significant impact in compliance and risk management.
- Qualifications: Experience in financial services and strong project management skills.
The predicted salary is between 80000 - 100000 £ per year.
A prestigious private bank with a significant and growing presence in the UK is seeking a Head of Compliance Monitoring, Risk and Policy.
About the Role
You will run the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP) in addition to overseeing the control framework on a transversal basis.
Key Responsibilities
- Ongoing ownership and maintenance of the Compliance Risk Assessment (CRA) and the annual, risk-based Compliance Monitoring Plan (CMP).
- Act as the point of contact and Subject Matter Expert for Compliance monitoring activities executed by the Compliance Monitoring Team.
- Manage and maintain the Key Compliance Risk (KCR) library and Mandatory Monitoring List.
- Ownership and oversight for maintaining rule mapping documents for the Group.
- Maintain the annual CMP, including management of requests to update or amend the CMP throughout the year to accommodate any additional regulatory changes and/or other trigger events which may occur. This includes ensuring that the appropriate approvals at Audit Committee have been obtained.
- Maintaining the policies, desk‑top procedures and templates required to undertake both periodic and thematic monitoring reviews.
- Manage and coordinate periodic CRA “Check Points” and updates.
- Design, development and maintenance of the periodic monitoring controls undertaken by the Compliance Monitoring team across the remit of Compliance in collaboration with the Head of Regulatory Compliance and the Head of Financial Crime Compliance. This includes the amendment, addition or removal of controls as required, these amendments may be the result of changes in regulations, business strategy, products/services or findings from monitoring or internal audit reviews.
- Oversight of the control framework and the controls undertaken by 1LOD and 1LODB.
- Publish monitoring reports for these activities to the relevant Registered Compliance Officers, Money Laundering Reporting Officers and/or Money Laundering Compliance Officers and key stakeholders.
- Complete the above points for the Business and branches.
- Assist the Chief Compliance Officer in providing regular management reporting in respect of the Compliance Monitoring plan, findings and actions to the relevant executive committees.
- Assist the Chief Compliance Officer in providing regular management reporting in respect of the firm's policies to the relevant executive committees.
- Chairing the firm’s policy committee to ensure policies are approved in line with the documented governance process.
About You
To be successful in this role, you will bring:
- Significant financial services experience including a good understanding of the Financial Services activities performed by the Business.
- Good project/change management skills.
- Knowledge of products services and front office.
- Good knowledge and understanding of control and reporting tools.
- Factual analysis and report writing skills.
- Ability to assess and analyse changes in laws and regulations.
- High level of competence in Microsoft Office packages, notably Excel.
Head of Compliance Monitoring, Risk and Policy employer: Compliance Professionals
As a prestigious private bank with a growing presence in the UK, we pride ourselves on fostering a collaborative and inclusive work culture that values employee contributions and encourages professional growth. Our commitment to excellence is reflected in our comprehensive benefits package, which includes flexible working arrangements, opportunities for continuous learning, and a supportive environment that empowers you to excel in your role as Head of Compliance Monitoring, Risk and Policy.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance Monitoring, Risk and Policy
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Compliance Professionals looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance Monitoring, Risk and Policy
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Compliance Professionals. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Compliance Professionals
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Compliance Professionals’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
