Head of Compliance - Banking
Head of Compliance - Banking

Head of Compliance - Banking

London Full-Time 72000 - 84000 £ / year (est.) No home office possible
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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 in the office.
  • Why this job: Be at the forefront of compliance strategy, working closely with top executives to shape the future.
  • 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

Join a dynamic and forward-thinking Retail & Corporate banking organisation that prioritises compliance and ethical standards. As the Head of Compliance, you will benefit from a collaborative work culture that values strategic input and offers significant opportunities for professional growth, all while enjoying a competitive salary and a discretionary bonus. With a commitment to employee development and a focus on delivering excellent customer outcomes, this role provides a meaningful and rewarding career path in the heart of the banking sector.
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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 or follow key influencers on social media. Demonstrating your knowledge during interviews can show your commitment and expertise in 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 and how you overcame them, as well as any innovative solutions you implemented. This will showcase your hands-on experience and strategic thinking.

✨Tip Number 4

Familiarise yourself with the company's values and culture. Tailor your conversations and questions during the interview to reflect how your personal values align with theirs. This can help you stand out as a candidate who not only has the skills but also fits well within their team.

We think you need these skills to ace Head of Compliance - Banking

Regulatory Compliance Expertise
Risk Management
Strategic Oversight
Strong Verbal and Written Communication
Analytical Skills
Attention to Detail
Interpersonal Skills
Negotiation Skills
Influencing Abilities
Team Leadership
Training and Development
Knowledge of UK and EEA Regulations
Familiarity with Cross-Jurisdictional Compliance
Proficiency in Microsoft Office
Integrity and Ethical Standards

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in compliance and regulatory frameworks, particularly within the banking sector. Use specific examples that demonstrate your ability to lead compliance functions and manage regulatory obligations.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, such as advising senior management and overseeing compliance monitoring.

Highlight Relevant Qualifications: Clearly state your educational qualifications, including any relevant diplomas or certifications like the ICA Diploma in Governance, Risk, and Compliance. Emphasise your extensive knowledge of UK and EEA regulatory compliance.

Showcase Leadership Skills: Since this is a senior role, be sure to highlight your leadership experience. Provide examples of how you have successfully led teams, motivated staff, and influenced decision-making in previous positions.

How to prepare for a job interview at Meraki Talent

✨Understand the Regulatory Landscape

Make sure you have a solid grasp of the current UK and EEA regulatory requirements. Be prepared to discuss how these regulations impact the banking sector and how you would ensure compliance within the organisation.

✨Showcase Your Leadership Skills

As a Head of Compliance, you'll need to lead a team effectively. Prepare examples of how you've successfully managed teams in the past, particularly in high-pressure situations or during regulatory changes.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving abilities. Think of scenarios where you had to identify compliance risks or implement new controls, and be ready to explain your thought process and actions.

✨Demonstrate Strong Communication Skills

Since you'll be advising senior management and engaging with regulatory bodies, practice articulating complex compliance issues clearly and concisely. Highlight any experience you have in preparing reports or delivering training sessions.

Head of Compliance - Banking
Meraki Talent

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