At a Glance
- Tasks: Analyse compliance risks and customise risk management plans to ensure adherence.
- Company: Join a reputable organisation focused on regulatory compliance and risk management.
- Benefits: Professional growth, training opportunities, and a collaborative work environment.
- Other info: Great chance to develop skills in regulatory oversight and policy creation.
- Why this job: Make a real impact in maintaining the jurisdiction's reputation and enhancing compliance standards.
- Qualifications: 5-7 years in Compliance with a degree in Audit, Business Commerce, or Legal.
The predicted salary is between 49500 - 60500 £ per year.
This role focuses on executing Compliance Risk Management processes and activities within a specific business or functional area, ensuring compliance to mitigate operational losses, fines, penalties or reputational risks.
The position requires candidates who are eligible to work in the Isle of Man and does not offer relocation or sponsorship.
The ideal candidate should possess a sound knowledge of the relevant regulatory requirements and developments applicable to their business area, along with a solid understanding of banking products and activities.
Candidates must have a minimum of five to seven years’ experience in Compliance, with qualifications ideally including a first degree in Audit, Business Commerce, or Legal.
The duties include analysing operational activities, customising risk management plans, identifying control gaps, and delivering compliance training tailored to the functional area.
Job Duties
- Analyse the operational activities within a functional area to identify compliance risks and ensure adherence to relevant compliance frameworks and standards.
- Customise and maintain generic risk management plans (RMPs) to fit the regulatory context of the functional area.
- Proactively identify and address gaps in controls, processes, and procedures, and advise on and monitor remediation plans to rectify any shortcomings.
- Review compliance training materials to ensure relevance and effectiveness in conveying compliance requirements, and conduct bespoke face-to-face training as necessary.
- Review compliance frameworks, standards, and procedures within the functional area, advising on necessary customisation or amendments.
Job Requirements
- Minimum of a first degree in Audit, Business Commerce, or Legal.
- 5-7 years’ experience in a Compliance role.
- Expert knowledge of relevant regulatory requirements and upcoming developments.
- Solid understanding of banking products and activities.
What You’ll Love
This role offers the chance to play a key part in maintaining and enhancing the jurisdiction’s reputation.
You will work in a collaborative environment with opportunities to develop your skills in regulatory oversight, policy creation, and risk-based supervision.
The organisation values professional growth and offers ample opportunities for training and career development.
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Regulatory Compliance Officer employer: Itchyfeet Recruitment Agency
Itchyfeet Recruitment Agency is an excellent employer, offering a dynamic work environment where collaboration and operational efficiency are at the forefront. Employees benefit from a supportive culture that prioritises professional growth and continuous improvement, making it an ideal place for those seeking meaningful and rewarding employment in the UK.
Contact Details:
Itchyfeet Recruitment Agency Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Compliance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Itchyfeet Recruitment Agency looking for candidates who are engaged and informed.
We think you need these skills to ace Regulatory Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Itchyfeet Recruitment Agency. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Itchyfeet Recruitment Agency
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Itchyfeet Recruitment Agency’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
