At a Glance
- Tasks: Shape compliance strategies in the banking sector and tackle emerging risks.
- Company: Join HMRC, a key player in the UK's financial landscape.
- Benefits: Enjoy a competitive salary, generous leave, and flexible working options.
- Other info: Dynamic role with opportunities for professional growth and collaboration.
- Why this job: Make a real impact on the future of banking compliance.
- Qualifications: Experience in the UK banking sector and strong communication skills required.
The predicted salary is between 70000 - 90000 £ per year.
Discover what it's like to work in a compliance role that makes an impact. Could you help us shape a stronger, fairer future? Your next career move starts here. Large Business (LB) is responsible for over 2,000 of the UK's largest businesses, which pay a significant proportion of total HMRC business taxes and duties. LB operates a regional structure with each region led by a Deputy Director (DD) who is accountable for delivering the LB Strategy, Operational Delivery and People Leadership across the regions. LB London specialises in the banking and asset management sectors.
This is a high-profile Banking Sector Specialist role within HMRC and is a chance for you to add value to Large Business' strategy to address compliance risks and emerging trends in the UK banking sector. The role requires strategic and commercial thinking, and technical capability to help influence and develop compliance approaches to address areas of risk within the banking sector. We are looking for dynamic individuals to lead areas of sector risk and to work collaboratively with Customer Compliance Managers, Sector Leads, and stakeholders across Large Business to identify and drive effective compliance interventions in the banking sector.
As a Banking Sector Specialist, you will be responsible for handling the most complex matters relating to banking sector compliance, including risk assessment, sector profiling, and providing commercial insight. This role is central to HMRC's efforts to address emerging risks and trends in the banking sector by leading and supporting high-profile, technical enquiries and shaping future compliance approaches in this area. Your workload will be varied. You will lead our response on complex sector enquiries through risk assessment, sector monitoring, real-time working, and interacting with external customers and their representatives across the banking industry. You will also inform and support our operational strategy for addressing banking sector risks. You will work with a number of key colleagues across the organisation including Customer Compliance Managers, Sector Leads, Policy teams, and commercial specialists.
Successful applicants will be responsible for technical leadership in banking sector matters; focusing on building colleagues' capabilities through mentoring, training, and knowledge sharing. This is a leadership role with no line management responsibilities. Travel may be required from time to time to fulfil this role, for example to attend customer meetings or sector forums.
You will:
- Provide expert knowledge of banking sector operations, products, and risk frameworks to inform compliance strategies and act as a trusted consultant to case teams.
- Develop sector-wide profiles to identify emerging tax risks, trends, and gaps in policy or legislation, recommending compliance interventions.
- Support the design, building, and delivery of a commercial awareness programme for HMRC colleagues, enhancing sector-specific expertise and demystifying banking practices.
- Shape discussion points and contribute to internal and external forums on banking, collaborating with HM Treasury and policy teams, and feeding into proposals impacting the banking sector (e.g., bank levy, banking surcharge).
- Track regulatory changes, competitive pressures, and emerging trends within the banking industry, translating these into practical insights for HMRC colleagues.
The successful applicant will need to demonstrate relevant experience and effective delivery of the following essential criteria:
- Recent and demonstrable experience of working with or within the UK banking sector.
- Ability to interpret how banks operate, including their products, revenue streams, and risk frameworks, enabling identification of emerging trends and sector-wide risks.
- Strong communication skills, with the ability to convey complex sector concepts clearly and produce high-quality briefings and training materials.
- Familiarity with UK tax principles as they apply to banks.
- Familiarity with regulatory frameworks such as PRA/FCA requirements and Basel standards.
HMRC operates both Flexible and Hybrid Working policies, allowing you to balance your work and personal commitments. We welcome applications from those who need to work a more flexible arrangement and will agree to requests where possible, considering our operational and customer service needs. We offer a generous leave allowance, starting at 25 days and increasing by a day for every year of qualifying service up to a maximum of 30 days.
Banking Sector Specialist - Croydon employer: HMRC
HMRC is an exceptional employer that prioritises employee growth and well-being, offering a supportive work culture where innovation and collaboration thrive. With flexible and hybrid working policies, generous leave allowances, and a commitment to continuous improvement, employees can achieve a healthy work-life balance while contributing to meaningful public service. Located in Birmingham's vibrant Arena Central, this role as an Operating Model Manager provides the opportunity to lead impactful change within a large organisation, making a real difference in how technology services are delivered.
StudySmarter Expert Advice🤫
We think this is how you could land Banking Sector Specialist - Croydon
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like HMRC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Banking Sector Specialist - Croydon
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to HMRC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on HMRC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at HMRC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with HMRC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at HMRC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former HMRC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
