At a Glance
- Tasks: Manage compliance and regulatory risks in the banking sector while promoting ethical standards.
- Company: Join a leading bank committed to regulatory excellence and ethical practices.
- Benefits: Competitive salary, flexible remote work options, and opportunities for professional growth.
- Other info: Dynamic role with potential for career advancement in a supportive environment.
- Why this job: Make a real impact in financial compliance and help shape a culture of integrity.
- Qualifications: 3 years of banking compliance experience and strong knowledge of AML regulations.
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.
Qualifications
- 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.
Technical/Functional skills
- 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.
- Good judgment in enabling the provision of sound advice on regulation and practice, proactive management of compliance and regulatory risks.
Legal Risk and Compliance Officer in London employer: Nexus Jobs
As a leading bank located in the heart of London, we pride ourselves on fostering a dynamic work culture that encourages innovation and collaboration. Our employees benefit from competitive salaries, flexible remote working options, and ample opportunities for professional growth, making it an ideal environment for those looking to advance their careers in IT infrastructure. Join us to be part of a team that values your expertise and supports your journey towards success.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Risk and Compliance Officer in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Nexus Jobs. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Legal Risk and Compliance Officer in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nexus Jobs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Nexus Jobs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Nexus Jobs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nexus Jobs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Nexus Jobs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Nexus Jobs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
