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- Tasks: Lead compliance efforts and ensure adherence to AML regulations in a dynamic banking environment.
- Company: A small retail bank in Central London with a focus on ethical standards.
- Benefits: Competitive salary of £55K - £60K plus benefits.
- Why this job: Make a real impact in banking compliance and enhance your career in a supportive team.
- Qualifications: 5-8 years of banking/AML compliance experience; relevant degree preferred.
- Other info: Opportunity for professional growth in a collaborative and proactive culture.
The predicted salary is between 55000 - 60000 £ per year.
Overview
Senior Compliance Officer – Banking
Our Client is a small retail bank based in Central London. They are looking to recruit a Senior Compliance Officer with at least 5-8 years of experience of relevant banking/AML compliance in established bank / financial institutions.
Main Focus or role:
To promote and manage the culture and practice of regulatory compliance and ethical standards in the conduct of Anti-Money Laundering Compliance functions throughout the Bank London Branch, and to ensure AML Compliance function is in compliance with those requirements and applicable standards.
To ensure the effectiveness of AML Compliance function’s management and regulatory risk issues through the establishment and maintenance of appropriate and effective framework and procedures, compliance and regulatory risks are anticipated, identified, escalated and reported to Head of Compliance, mitigated and managed so as to avoid any financial and reputational loss.
To support the Head of Compliance in the management of compliance and regulatory risks, including liaison with the Regulator’s Financial Intelligence Authority and any other regulatory and law enforcement bodies.
Responsibilities
- Executing assurance testing via the compliance monitoring plan to ensure both the adherence to the Branch Risk Appetite, and the effectiveness of the systems and controls
- Reviewing and advising on escalations received from the Anti – Financial Crime Operations team, or any other business team within the London branch
- Liaising with 1LOD in managing SARs process
- Investigating and escalating potential legal and reputational issues to the Head of Compliance/MLRO and assist with drafting any referral
- Approving high risk customers, PEPs, adverse media positive hits
- Managing disputes or complaints regarding financial crime prevention
- Contributing to financial crime reporting obligations, including returns for external regulatory reporting and MI for internal senior management fora
- Perform and oversee remediation activities to ensure completion on a timely manner
- To facilitate staff training on compliance and financial crime
- Comply to all Bank London’s policy & procedures and alignment to Group policy & procedure requirements
Key Skills Required
- A strong understanding of the UK regulations/rulebooks specifically the PRA, CRD and the FCA Conduct requirements and the ability to interpret regulations within a Bank
- Knowledge of country and industry specifics in banking
- An ability to work proactively, taking initiative with an ability to work both independently and as part of a team
- Have strong communication (both written and verbal), reasoning and influencing skills
- Experience of undertaking compliance monitoring reviews and producing compliance monitoring reports to document compliance with internal and external regulations/process
- Strong decision making skills and the ability to make sound judgements which align to the Bank’s core principles
- To assist Head of Compliance.
- MLRO to provide advice and address any compliance and regulatory risk and governance issues in relation to AML Compliance function’s operation requirements
- To assist Head of Compliance/MLRO to provide advice and address any compliance and regulatory risks and governance issues in relation to AML activities.
- To ensure compliance with laws, regulations and policies in relation to AML activities.
Qualifications
- Bachelor’s Degree or Master’s Degree in any discipline (Accounting/Finance/Business/Economics/Financial Engineering/Law) would be of added advantage
- Any certification in AML or Compliance would be off added advantage
Salary & How to Apply
The salary for this position is £55K – £60K plus Benefits.
The Client is based in Central London.
Please send your CV to us in Word format along with your salary and notice period.
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Senior Compliance Officer – Banking employer: Jas Gujral
Contact Detail:
Jas Gujral Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Officer – Banking
✨Network Like a Pro
Get out there and connect with people in the banking and compliance sectors. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to professionals for informational chats. You never know who might have the inside scoop on job openings!
✨Ace the Interview
Prepare for your interviews by researching common questions for compliance roles and practising your responses. Be ready to discuss your experience with AML compliance and how you’ve handled regulatory challenges in the past. Confidence is key, so show them you know your stuff!
✨Showcase Your Skills
When you get the chance, highlight your understanding of UK regulations and your ability to interpret them. Use specific examples from your previous roles to demonstrate your decision-making skills and how you’ve contributed to compliance frameworks. Make it clear that you’re the right fit for their team!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s get you that Senior Compliance Officer role!
We think you need these skills to ace Senior Compliance Officer – Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Compliance Officer role. Highlight your relevant banking and AML compliance experience, and don’t forget to mention any specific regulations you’re familiar with. We want to see how your skills match what we’re looking for!
Showcase Your Achievements: When writing your application, focus on your achievements in previous roles. Use specific examples that demonstrate your ability to manage compliance risks and improve processes. This will help us see the impact you've made in your past positions.
Keep It Professional Yet Personal: While we love a professional tone, don’t be afraid to let your personality shine through! A bit of warmth and authenticity can make your application stand out. Just remember to keep it relevant to the role and our values.
Follow Application Instructions: Make sure to send your CV in Word format as specified in the job ad. Include your salary expectations and notice period too. Following these instructions shows us that you pay attention to detail, which is crucial for a compliance role!
How to prepare for a job interview at Jas Gujral
✨Know Your Regulations
Make sure you brush up on the UK regulations, especially the PRA, CRD, and FCA Conduct requirements. Being able to discuss these confidently will show that you understand the compliance landscape and can navigate it effectively.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully managed compliance issues or improved processes. This will help demonstrate your hands-on experience and how you can bring value to the team.
✨Communicate Clearly
Strong communication skills are key in this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex compliance topics. This will help you stand out as a candidate who can effectively liaise with various stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the bank's current compliance challenges or their approach to AML. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
