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- Tasks: Ensure regulatory compliance and effective risk management in a dynamic banking environment.
- Company: Join a leading UK-based banking institution committed to excellence and integrity.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work culture.
- Why this job: Be part of a team that shapes compliance frameworks and promotes a customer-centric culture.
- Qualifications: In-depth knowledge of FCA and PRA regulations, with strong communication and analytical skills required.
- Other info: We welcome applications from all backgrounds and provide reasonable adjustments during recruitment.
The predicted salary is between 43200 - 72000 £ 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.
Deputy Head of Compliance employer: InterQuest Solutions
Contact Detail:
InterQuest Solutions 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. Attend webinars or workshops that focus on compliance in the banking sector to deepen your understanding and demonstrate your commitment to staying updated.
✨Tip Number 2
Network with professionals in the compliance field, especially those working in banking. Join relevant LinkedIn groups or attend industry events to build connections that could provide insights or referrals for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've implemented compliance frameworks or conducted risk assessments in previous roles. This will showcase your practical experience and problem-solving skills during interviews.
✨Tip Number 4
Research the company’s current compliance initiatives and challenges. Tailor your discussions to show how your expertise can directly address their needs, making you a more attractive candidate for the Deputy Head of Compliance position.
We think you need these skills to ace Deputy Head of Compliance
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Deputy Head of Compliance position. Make sure you understand the key responsibilities and the skills required, such as knowledge of FCA and PRA regulations, compliance frameworks, and risk management.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance and risk management. Emphasise your understanding of regulatory requirements and any previous roles where you've implemented compliance frameworks or conducted training.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for compliance and your proactive approach to risk management. Use specific examples from your past experiences to demonstrate how you meet the ideal candidate criteria outlined in the job description.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial for a role in compliance.
How to prepare for a job interview at InterQuest Solutions
✨Know Your Regulations
Make sure you have a solid understanding of FCA and PRA regulations. Brush up on the latest changes in the regulatory landscape, as this will show your commitment to compliance and risk management.
✨Demonstrate Your Analytical Skills
Be prepared to discuss how you've identified and mitigated regulatory risks in previous roles. Use specific examples to illustrate your proactive approach to problem-solving and risk management.
✨Showcase Your Communication Skills
Since building relationships is key in this role, practice articulating how you've effectively communicated compliance requirements to various stakeholders. Highlight any training sessions you've conducted or participated in.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle real-life compliance scenarios. Think about past experiences where you had to implement compliance frameworks or address conduct risk issues, and be ready to share those stories.
