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For Companies At a Glance
- Tasks: Lead compliance efforts and ensure regulatory adherence in a dynamic banking environment.
- Company: Join a growing Retail & Corporate banking organisation focused on compliance and customer outcomes.
- Benefits: Enjoy a competitive salary, discretionary bonus, and a flexible 4-day work week.
- Why this job: Be at the forefront of compliance strategy, working closely with top executives in a supportive culture.
- Qualifications: Bachelor's degree and compliance experience in banking; ICA Diploma is a plus.
- Other info: Opportunity to aspire for SMF16 designation under the Senior Managers Regime.
The predicted salary is between 72000 - 84000 £ per year.
Job Description
Meraki Talent are working with a growing Retail & Corporate banking organisation to help then identify a Head of Compliance.
You will work very closely with the CEO and CRO and provide strategic input into the business along with being hands on.
The Head of Compliance is responsible for overseeing the regulatory compliance framework and conduct risk management across all business operations.
This senior role ensures adherence to all applicable UK regulatory requirements, supports the delivery of good customer outcomes, and maintains proper standards of market conduct.
Key Responsibilities
Strategic & Regulatory Oversight:
- Lead and manage the Compliance function, ensuring ongoing compliance with regulatory obligations.
- Advise the Board, Executive Risk Committee, and Management Team on emerging legislation, regulations, and industry developments.
- Oversee and maintain the Management Responsibilities Map and the Compliance Monitoring Plan.
- Serve as the principal point of contact for regulatory bodies, ensuring transparent and consistent engagement.
Governance & Reporting:
- Prepare and present regular compliance reports to senior management, the Board Risk Committee, and Executive Risk Committee.
- Identify compliance risks in new products/services and advise on the implementation of effective controls.
- Monitor the institution's Consumer Duty compliance, including ongoing processes, product assessments, and the annual Board report.
Advisory & Training:
- Provide guidance, support, and challenge to business units on compliance and conduct risk matters.
- Develop and deliver training to ensure staff understand and comply with regulatory requirements and conduct rules.
- Coordinate with departments to monitor and address compliance-related developments and ensure risk mitigation strategies are in place.
Qualifications & Experience
Education:
- Bachelor's degree or equivalent
- ICA Diploma in Governance, Risk, and Compliance (or equivalent) is desirable.
Experience:
- Compliance and legal experience within the banking sector.
- Extensive knowledge of UK and EEA regulatory compliance, retail and corporate banking, and payments industry practices.
- Familiarity with extra-territorial regulatory issues and cross-jurisdictional compliance.
Skills:
- Strong verbal and written communication skills.
- High attention to detail and excellent analytical skills.
- Proficiency in Microsoft Office.
- Effective interpersonal, negotiation, and influencing abilities.
- Demonstrated integrity and strong ethical standards.
- Proven ability to lead and motivate a team.
- Aspiration to hold SMF16 designation under the Senior Managers Regime.
4 days a week in the office / salary upto £120,000 per annum / discretionary bonus
Head of Compliance - Banking employer: Meraki Talent
Contact Detail:
Meraki Talent Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance - Banking
✨Tip Number 1
Network with professionals in the banking and compliance sectors. Attend industry events, webinars, or local meetups to connect with individuals who may have insights into the role or the company. Building relationships can often lead to referrals or insider information that could give you an edge.
✨Tip Number 2
Stay updated on the latest regulatory changes and compliance trends in the UK banking sector. Subscribe to relevant newsletters, follow industry leaders on social media, and engage in discussions on platforms like LinkedIn. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues in previous roles. Think about challenges you've faced, the strategies you implemented, and the outcomes achieved. This will showcase your hands-on experience and strategic thinking, which are crucial for the Head of Compliance position.
✨Tip Number 4
Research the company's culture and values thoroughly. Understanding their approach to compliance and risk management will help you tailor your conversations during interviews. Be ready to articulate how your personal values align with theirs, as cultural fit is often a key consideration for senior roles.
We think you need these skills to ace Head of Compliance - Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and legal roles within the banking sector. Emphasise your knowledge of UK regulatory requirements and any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the responsibilities of the Head of Compliance role. Mention specific examples of how you've successfully managed compliance frameworks or led teams in previous positions.
Highlight Relevant Qualifications: Clearly state your educational background, especially if you have an ICA Diploma in Governance, Risk, and Compliance. Include any additional certifications that demonstrate your expertise in compliance and risk management.
Showcase Communication Skills: Since strong verbal and written communication skills are essential for this role, consider including examples of reports you've prepared or presentations you've delivered to senior management or regulatory bodies.
How to prepare for a job interview at Meraki Talent
✨Know Your Regulations
Make sure you have a solid understanding of UK and EEA regulatory compliance, especially in the banking sector. Brush up on recent changes in legislation and be prepared to discuss how they might impact the organisation.
✨Demonstrate Strategic Thinking
Be ready to showcase your ability to provide strategic input. Think about how you can align compliance with business objectives and improve customer outcomes while maintaining regulatory standards.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in compliance scenarios. Prepare examples from your past experience where you successfully identified compliance risks and implemented effective controls.
✨Showcase Your Leadership Skills
As this is a senior role, highlight your experience in leading teams and influencing stakeholders. Be prepared to discuss how you've motivated teams in the past and how you plan to lead the Compliance function effectively.
