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For Companies At a Glance
- Tasks: Lead the Compliance team, ensuring regulatory adherence and managing financial crime risks.
- Company: Join a dynamic financial institution offering diverse banking services across multiple jurisdictions.
- Benefits: Enjoy a 6-month fixed-term contract with opportunities for professional growth and development.
- Why this job: Make a real impact in compliance while working in a supportive and innovative environment.
- Qualifications: Experience in retail or digital banking; knowledge of FCA regulations and compliance frameworks required.
- Other info: Ideal for those looking to step into a senior compliance role with significant responsibilities.
The predicted salary is between 72000 - 108000 £ per year.
THE COMPANY: The Client is a multi-jurisdictional financial institution offering Private Banking, Retail, and Digital banking services for Corporate & Retail Clients. The firm is looking to hire a Head of Compliance on a 6-month FTC basis.
THE RESPONSIBILITIES:
- Oversee and manage the Compliance team in their daily activities, providing direction, support, and insight into regulatory compliance and financial crime matters.
- Monitor, advise, and oversee Data Protection/GDPR compliance across the business.
- Manage the regulatory policy framework, ensuring it remains appropriate to the business activities.
- Ensure regulatory rules and permissions are mapped and documented against business activities.
- Regularly assess the adequacy and effectiveness of compliance measures and procedures, addressing any deficiencies.
- Advise the relevant teams on compliance with MiFID and other regulatory obligations, including BCOBs and Client Data.
- Oversee the annual sign-off of Terms & Conditions.
- Monitor and manage Complaint handling and Data Subject Access Requests.
- Advise the business and executives on applicable regulations and procedures, including horizon scanning.
- Provide periodic management information to committees, highlighting risks and emerging threats.
- Assess regulatory risk through compliance monitoring and analysis, and seek to enhance compliance controls.
- Develop and deliver ongoing compliance training programs for staff.
- Assess and communicate emerging regulatory rules impacting the business.
- Oversee policies and procedures for countering regulatory and financial crime risks.
- Design and monitor periodic compliance reviews from a second-line perspective.
- Conduct quality assurance and thematic reviews as needed.
- Promote a culture of compliance within the wider business.
- Support projects requiring Compliance expertise.
EXPERIENCE REQUIRED:
- Retail and/or digital banking experience; ideally held SMF16 or capable of fulfilling its responsibilities.
- Previous SMF16 holder or sufficient experience to cover an SMF16 role.
- Knowledge of FCA Handbook and regulatory requirements for banking firms.
- Strong knowledge of MiFID, EMIR, PSD2, GDPR.
- Understanding of banking operations, especially in small/medium-sized institutions.
- Ability to develop and enhance policies and frameworks.
- Experience with second-line monitoring techniques.
- Experience in establishing compliance structures and frameworks.
For further information, please contact Hannah Tabatabai.
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Interim Head of Compliance SM16 - Retail and Digital Banking (6 month FTC) (London) employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Interim Head of Compliance SM16 - Retail and Digital Banking (6 month FTC) (London)
✨Tip Number 1
Familiarise yourself with the latest regulatory changes in the banking sector, especially those related to MiFID, GDPR, and FCA Handbook. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in compliance roles within retail and digital banking. Attend industry events or webinars to connect with others in the field, as personal recommendations can often lead to job opportunities that may not be advertised.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues in previous roles. Highlight your experience with second-line monitoring techniques and how you've developed compliance frameworks, as these are crucial for the role.
✨Tip Number 4
Showcase your ability to promote a culture of compliance within an organisation. Be ready to share strategies you've implemented in the past to enhance compliance training and awareness among staff, as this is a key responsibility of the position.
We think you need these skills to ace Interim Head of Compliance SM16 - Retail and Digital Banking (6 month FTC) (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in retail and digital banking, particularly any roles where you managed compliance or held an SMF16 position. Use specific examples to demonstrate your knowledge of FCA Handbook and regulatory requirements.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities listed, such as overseeing compliance teams and managing regulatory frameworks. Be sure to mention your understanding of MiFID, GDPR, and other relevant regulations.
Showcase Your Compliance Knowledge: In both your CV and cover letter, emphasise your experience with compliance monitoring techniques and your ability to develop policies. Highlight any specific projects where you enhanced compliance controls or conducted quality assurance reviews.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. Ensure that your writing is clear and professional, as attention to detail 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 FCA Handbook and relevant regulations like MiFID, EMIR, and GDPR. Be prepared to discuss how these regulations impact the business and your approach to compliance.
✨Showcase Your Leadership Skills
As the Head of Compliance, you'll be overseeing a team. Highlight your experience in managing teams, providing direction, and fostering a culture of compliance. Share specific examples of how you've successfully led compliance initiatives in the past.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past experiences where you identified compliance issues and how you addressed them. This will demonstrate your proactive approach to compliance management.
✨Emphasise Training and Development
Discuss your experience in developing and delivering compliance training programs. Highlight how you can enhance staff understanding of compliance obligations and promote a culture of compliance within the organisation.
