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- Tasks: Lead the Compliance team, ensuring adherence to regulations and managing financial crime matters.
- Company: Join a dynamic multi-jurisdictional financial institute offering diverse banking services.
- Benefits: Enjoy a 6-month fixed-term contract with opportunities for professional growth and development.
- Why this job: Be at the forefront of compliance in banking, shaping policies and making a real impact.
- Qualifications: Retail or digital banking experience is essential; knowledge of FCA Handbook is a must.
- Other info: This role promotes a culture of compliance and offers a chance to enhance regulatory frameworks.
The predicted salary is between 72000 - 108000 £ per year.
The Client are a multi jurisdiction financial institute offering Private Banking, Retail and Digital banking for Corporate & Retail Clients. The firm are looking to hire a Head of Compliance on a 6 month FTC basis.
Responsibilities include:
- Oversee and manage the Compliance team in their daily activity providing direction, support and insight to all regulatory compliance and financial crime matters.
- Monitoring, advisory and oversight of Data Protection/GDPR across the business.
- Manage the regulatory policy framework for the company assessed against the business activities and ensure that it remains appropriate.
- Ensure that the regulatory rules and necessary permissions are mapped and documented against business activities.
- Advise and assist the relevant person(s) responsible for carrying out regulated activities to comply with the firm’s obligations under the MIFID regulatory system.
- Ensuring compliance with BCOBs, CD.
- Oversee and monitor Complaint handling and Data Subject Access Requests.
- Advise the business and Executives of applicable regulation, and of the requirements and procedures needed to adhere to these including horizon scanning.
- Take responsibility for the provision of relevant and meaningful periodic management information to governing committees; having the ability to highlight current risk exposures and emerging threats.
- Assess the regulatory risk profile through Compliance monitoring and analysis.
- Seek to enhance and improve the financial crime and regulatory compliance control infrastructure through advanced controls and/or system enhancements.
- Take responsibility for creating and conducting continuous compliance training programmes to the staff, proportionate to the scale and breadth of the Bank’s activities.
- Take responsibility for the early assessment and communication of emerging regulatory related rules that may impact the business.
- Take overall responsibility for the firm’s policies and procedures for countering regulatory and financial crime risks.
- Design, implement and monitor periodic compliance monitoring from a 2nd line of defence standpoint, emanating from processes and controls identified from the Compliance Risk Assessment.
- Conduct quality assurance and thematic reviews where required.
- Support the wider business by promoting a compliance culture.
- Provide resource for project related requirements which require Compliance expertise.
Requirements:
- Must have Retail and/or digital banking experience.
- Knowledge of FCA Handbook and associated regulatory requirements for Banking firms.
- Knowledge of general banking operations and procedures, particularly those in small/medium sized institutions.
- Ability to form a view on policy and framework, writing and enhancing policy where required.
- Strong knowledge of 2nd line monitoring techniques.
- Experience of setting up a structure and framework to address regulatory compliance workstreams and policy requirements.
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance Policy - Retail
✨Tip Number 1
Network with professionals in the compliance and banking sectors. Attend industry events, webinars, or local meetups to connect with others who may have insights into the role or the company. Building relationships can often lead to referrals or insider information about the job.
✨Tip Number 2
Stay updated on the latest regulatory changes and compliance trends, especially those relevant to retail and digital banking. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach to compliance.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues in previous roles. Highlight your experience with FCA regulations and any successful projects that improved compliance frameworks or reduced risks.
✨Tip Number 4
Familiarise yourself with the company's values and culture. Tailor your conversations during interviews to reflect how your personal values align with theirs, particularly in promoting a compliance culture within the organisation.
We think you need these skills to ace Head of Compliance Policy - Retail
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance, particularly within retail and digital banking. Emphasise your knowledge of the FCA Handbook and any specific regulatory requirements you've worked with.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the responsibilities outlined in the job description. Mention your experience in managing compliance teams and your ability to enhance compliance frameworks.
Showcase Relevant Skills: Clearly outline your skills related to regulatory compliance, financial crime prevention, and data protection. Use specific examples to demonstrate your expertise in these areas.
Highlight Continuous Learning: Mention any ongoing training or certifications you have pursued in compliance or regulatory matters. This shows your commitment to staying updated with industry changes and enhances your application.
How to prepare for a job interview at Compliance Professionals
✨Showcase Your Regulatory Knowledge
Make sure to brush up on the FCA Handbook and other relevant regulatory requirements. Be prepared to discuss how your knowledge can directly benefit the company's compliance framework.
✨Demonstrate Leadership Skills
As a Head of Compliance, you'll be overseeing a team. Share examples from your past experiences where you've successfully led a team, provided direction, and fostered a positive compliance culture.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past challenges you've faced and how you addressed them, particularly in retail or digital banking.
✨Highlight Continuous Improvement Initiatives
Discuss any initiatives you've implemented to enhance compliance processes or training programmes. This shows your proactive approach to compliance and your commitment to staying ahead of regulatory changes.
