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- Tasks: Ensure the bank meets UK regulatory standards and manage compliance risks.
- Company: Join a leading bank committed to ethical practices and compliance.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real difference in safeguarding the bank against financial crime.
- Qualifications: Experience in compliance or financial services is a plus.
- Other info: Dynamic role with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 £ per year.
The Compliance Manager supports the HCM in overseeing and managing the bank’s adherence to UK regulatory requirements (FCA/PRA), internal policies, and financial crime standards. The role involves developing and updating policies, procedures and processes to ensure adherence to applicable laws and regulations. This position adds value by safeguarding the Bank against regulatory, financial crime, and reputational risk while supporting ongoing monitoring processes, efficient customer onboarding and fostering a culture of compliance and ethical behaviour within the organisation.
Role Responsibilities
- Assist the MLRO and Compliance in ensuring the UK operates in accordance with all legal and regulatory requirements and group standards relating to Anti-Money Laundering and Counter-Terrorism Financing, Proliferation Financing (“AML/CTF/PF”), Market Abuse, Anti Bribery, PEPs, Sanctions, tax evasion, Fraud and other financial crime and regulatory compliance risks.
- Identify, understand and interpret UK financial services legislation, regulations and obligations, and advise Senior Management on how the UK can meet those obligations.
- Monitor and respond to regulatory developments in the UK and how they affect the UK and its business strategy.
- Ensure all aspects of the Compliance Monitoring Programme are covered.
- Support the Compliance Manager / MLRO in preparing regular management Information, regulatory reports, and board level compliance updates.
- Carry out periodic reviews and ongoing monitoring activities, including transaction behaviour assessments and trigger event reviews.
- Assist in horizon scanning and regulatory monitoring, ensuring the Bank remains updated on FCA, PRA, JMLSG, and AML/CTF requirements.
- Review, investigate, and escalate financial crime alerts in accordance with internal procedures.
- Support policy and procedure reviews, ensuring alignment with regulatory expectations.
- Assist with the clearance and oversight of sanctions monitoring alerts, including reviewing true matches accordingly and promptly following up on any outstanding alerts.
- Review reports from the transaction monitoring solution and conducting investigations into alerts generated by using judgement and decision-making skills, to determine whether grounds for suspicion of money laundering, terrorist financing or proliferation financing (“ML/TF/PF”) exist.
- Conduct risk assessments to identify vulnerabilities and potential exposure to financial crime and implement appropriate controls and mitigation strategies.
- Maintaining oversight of High-Risk relationships, PEP management, EDD sign off, periodic and trigger review processes and breach management, escalating to the MLRO where appropriate.
- Provide day-to-day advisory support and training to the KYC Team to ensure that requirements are being complied with.
- Maintain accurate customer files and ensure audit ready documentation.
- Assist with internal compliance training delivery for staff across the business.
- Participate in thematic reviews, monitoring programmes, and compliance testing activities.
- Support remediation exercises and system improvement projects as required.
- Liaise professionally with relationship managers, operations teams, and external stakeholders to resolve KYC or compliance queries.
Compliance Manager in City of London employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the compliance field. Attend industry events, join relevant online forums, and don’t be shy to reach out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulatory requirements. Be ready to discuss how you can help the bank stay compliant with FCA/PRA standards. Show them you’re not just a candidate, but the perfect fit for their compliance culture!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers. Focus on articulating your experience with AML/CTF regulations and how you’ve tackled compliance challenges in the past.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Plus, it’s a great way to show your enthusiasm for joining our team and making a difference in compliance management.
We think you need these skills to ace Compliance Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Manager role. Highlight your experience with UK regulatory requirements and any relevant compliance frameworks. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've managed compliance in the past and how you can add value to our team. Keep it engaging and professional!
Showcase Your Knowledge: In your application, demonstrate your understanding of UK financial services legislation and regulations. Mention any relevant certifications or training you've completed that relate to AML/CTF/PF and other compliance areas.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Morgan McKinley
✨Know Your Regulations
Make sure you brush up on UK regulatory requirements, especially those related to FCA/PRA, AML/CTF, and financial crime standards. Being able to discuss these confidently will show that you're serious about compliance and understand the landscape.
✨Showcase Your Analytical Skills
Prepare examples of how you've identified and interpreted regulations in past roles. Think about specific situations where your analytical skills helped mitigate risks or improve compliance processes. This will demonstrate your ability to add value to the team.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations regarding compliance issues. Practice articulating your thought process on how you would handle various scenarios, such as responding to a financial crime alert or conducting a risk assessment.
✨Highlight Your Communication Skills
As a Compliance Manager, you'll need to liaise with various teams and stakeholders. Be prepared to discuss how you've effectively communicated compliance requirements and trained others in the past. This will show that you can foster a culture of compliance within the organisation.
