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- Tasks: Ensure regulatory compliance and risk management in a dynamic banking environment.
- Company: InterQuest Group is a leading UK-based staffing and recruiting firm.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Join a culture of integrity, collaboration, and continuous improvement in the financial sector.
- Qualifications: In-depth knowledge of FCA and PRA regulations; strong communication and analytical skills required.
- Other info: We welcome applications from all backgrounds and offer reasonable adjustments during recruitment.
The predicted salary is between 84000 - 126000 £ per year.
We are seeking an experienced and detail-oriented Deputy Head of Compliance to join a UK-based banking institution. This role plays a key part in ensuring regulatory compliance and effective risk management across the organisation. You will support the ongoing development of compliance frameworks, provide guidance on regulatory requirements, and help maintain a culture of good conduct and data protection.
Key Responsibilities
- Maintain a strong understanding of relevant legislation, PRA and FCA requirements, and applicable industry guidance within a banking context.
- Identify and assess regulatory risks, ensuring appropriate mitigation controls are in place and effectively maintained.
- Keep the Compliance Risk and Control Self-Assessments (RCSAs) current and comprehensive.
- Monitor and track changes in the regulatory landscape, assessing their impact on the business.
- Support the planning, execution, and documentation of the compliance monitoring programme.
- Implement and oversee conduct risk controls, identifying and addressing emerging issues, and ensuring regular reporting to governance bodies.
- Provide training and expert advice to business teams on conduct risk and regulatory expectations.
- Maintain and enhance the Conduct Risk Framework, aligning it with evolving regulatory and market conditions.
- Regularly review and update compliance-related policies and procedures to ensure they remain effective and relevant.
- Advise business areas on Consumer Duty and Treating Customers Fairly (TCF) obligations, supporting a compliant and customer-centric culture.
- Build strong, collaborative relationships with key stakeholders across the organisation.
- Ensure regulatory responsibilities are clearly communicated and understood by all staff through targeted training and awareness initiatives.
- Produce monthly MI reports and updates related to compliance and conduct risk.
- Serve as a key contact for data protection matters, supporting the Data Protection Officer in maintaining legal compliance.
- Monitor adherence to UK GDPR and related legislation, supporting the implementation of data protection policies.
- Investigate data breaches, ensuring timely and accurate reporting in accordance with internal procedures.
- Deliver periodic data protection training across the business.
Ideal Candidate
- In-depth knowledge of FCA and PRA regulations, conduct risk, and UK data protection laws.
- Strong understanding of compliance frameworks within the financial services sector.
- Experience in delivering regulatory and conduct risk training.
- Excellent communication skills and the ability to build effective cross-functional relationships.
- A proactive, analytical approach to problem-solving and risk management.
Contact Detail:
InterQuest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Compliance
✨Tip Number 1
Familiarise yourself with the latest FCA and PRA regulations. Being well-versed in these areas will not only boost your confidence during interviews but also demonstrate your commitment to compliance in the banking sector.
✨Tip Number 2
Network with professionals in the compliance field, especially those working in financial services. Attend industry events or webinars to build connections that could lead to valuable insights or referrals for the Deputy Head of Compliance role.
✨Tip Number 3
Prepare to discuss specific examples of how you've implemented compliance frameworks or conducted risk assessments in previous roles. Real-life scenarios can showcase your expertise and problem-solving skills effectively.
✨Tip Number 4
Stay updated on changes in the regulatory landscape by following relevant news sources and publications. This knowledge will help you engage in informed discussions during interviews and show your proactive approach to compliance.
We think you need these skills to ace Deputy Head of Compliance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Deputy Head of Compliance position. Familiarise yourself with FCA and PRA regulations, as well as compliance frameworks within the financial services sector.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance, risk management, and regulatory training. Emphasise your knowledge of UK data protection laws and any previous roles that involved building relationships with stakeholders.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and your passion for compliance. Mention specific examples of how you've successfully managed compliance frameworks or conducted training in previous positions.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at InterQuest Group
✨Know Your Regulations
Make sure you have a solid understanding of FCA and PRA regulations. Be prepared to discuss how these regulations impact compliance frameworks and risk management in the banking sector.
✨Demonstrate Analytical Skills
Showcase your analytical approach to problem-solving. Prepare examples of how you've identified regulatory risks and implemented effective mitigation controls in previous roles.
✨Highlight Training Experience
Since training is a key part of this role, be ready to talk about your experience in delivering regulatory and conduct risk training. Share specific instances where your training made a positive impact.
✨Build Relationships
Emphasise your ability to build strong, collaborative relationships with stakeholders. Think of examples where you've successfully worked across departments to enhance compliance and conduct risk awareness.
