At a Glance
- Tasks: Ensure compliance with regulations and manage financial crime prevention strategies.
- Company: Dynamic bank in Central London focused on regulatory compliance.
- Benefits: Competitive salary, benefits package, and opportunities for professional growth.
- Other info: Flexible working options and a supportive team environment.
- Why this job: Join a vital role in safeguarding the bank's integrity and making a real difference.
- Qualifications: 3 years of banking compliance experience and strong analytical skills.
The predicted salary is between 45000 - 50000 £ per year.
Our Client is looking to recruit a Compliance Officer with at least 3 years experience of working within Compliance from the banking industry.
To promote and manage the culture and practice of regulatory compliance and ethical standards conduct across London Bank Branch.
To ensure the effectiveness of the Financial Crime Prevention framework with particular emphasis on AML/CTF and Sanctions Compliance.
To be a SME for regulatory compliance and Financial crime matters to the London Bank Branch staff.
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:- Perform ongoing transaction monitoring on higher risk rated clients at an agreed frequency, as and when required.
- To escalate suspicious or ambiguous transactions to supervisor/Manager or Head of Compliance for a review or decision.
- Perform Compliance Review on respective business units on a periodic basis, as per Compliance Review plan endorsed by Senior Management team.
- Perform Control Effective Testing (CET) on selected key business areas, especially areas that pose higher risk in Compliance and/or AML.
- Ensure all control gaps are identified and addressed, closed to mitigate any potential risks.
- Assist Head of Compliance with Compliance/Anti-Money Laundering advisory to business team, when required.
- Identify potential AML & Compliance process or policy improvements and communicate findings and recommendations to quality assurance management team.
- Provide guidance and training, where required on areas of improvement.
- Perform ongoing validation of monitoring strategies to ensure appropriate AML and Compliance governance and control.
- Conduct timely follow up on pending outstanding issues to ensure proper resolution and issue closure.
- Draft, validate and submit reports to regulators on FinCrime and Compliance matters.
- Bachelor’s Degree or Master’s Degree in any discipline (Accounting/Finance/Business/Economics/Financial Engineering/Law) would be of added advantage.
- Certification in AML/FCC or Compliance.
- 2-3 years of experience of relevant banking/AML compliance in established bank/financial institutions.
- In-depth knowledge of AML compliance function, including the related/applicable rules and regulations.
- The required understanding of the business/business units and its operations.
- Advanced knowledge of MS Office especially MS Excel, MS PowerPoint etc.
- Personal integrity and ethics.
- Good judgment in enabling the provision of sound advice on regulation and practice, proactive management of compliance and regulatory risks.
- Good presentation and influencing skills, required in guiding and assisting teams in putting forward proposals for clients, whenever necessary.
- Effective managerial skill as a point of reference for the subordinates.
The salary for this position is £45K - £50K 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.
Compliance Officer in London employer: Nexus Jobs
Our client, a leading bank in Central London, offers an exceptional work environment that fosters innovation and professional growth. With a strong emphasis on employee development, the company provides comprehensive training opportunities and a collaborative culture that encourages teamwork and knowledge sharing. Employees enjoy a competitive salary package, flexible working arrangements post-probation, and the chance to make a significant impact in a dynamic financial services landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer in London
✨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 Nexus Jobs looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Officer in London
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 Nexus Jobs. 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 Nexus Jobs
✨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 Nexus Jobs’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
