At a Glance
- Tasks: Lead compliance efforts and ensure adherence to AML regulations in a dynamic banking environment.
- Company: A small retail bank in Central London with a focus on ethical standards.
- Benefits: Competitive salary, benefits package, and opportunities for professional growth.
- Other info: Flexible remote working options and a supportive team culture.
- Why this job: Make a real impact in the banking sector while ensuring compliance and ethical practices.
- Qualifications: 5-8 years of banking/AML compliance experience and strong communication skills.
The predicted salary is between 55000 - 60000 £ per year.
Our Client is a small retail bank based in Central London. They are looking to recruit a Senior Compliance Officer with at least 5-8 years of experience of relevant banking/AML compliance in established banks/financial institutions.
Main Focus or role:
To promote and manage the culture and practice of regulatory compliance and ethical standards in the conduct of Anti-Money Laundering Compliance functions throughout the Bank London Branch, and to ensure AML Compliance function is in compliance with those requirements and applicable standards. To ensure the effectiveness of AML Compliance function’s management and regulatory risk issues through the establishment and maintenance of appropriate and effective framework and procedures, compliance and regulatory risks are anticipated, identified, escalated and reported to Head of Compliance, mitigated and managed so as to avoid any financial and reputational loss. 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:
- Executing assurance testing via the compliance monitoring plan to ensure both the adherence to the Branch Risk Appetite, and the effectiveness of the systems and controls.
- Reviewing and advising on escalations received from the Anti-Financial Crime Operations team, or any other business team within the London branch.
- Liaising with 1LOD in managing SARs process.
- Investigating and escalating potential legal and reputational issues to the Head of Compliance/MLRO and assist with drafting any referral.
- Approving high risk customers, PEPs, adverse media positive hits.
- Managing disputes or complaints regarding financial crime prevention.
- Contributing to financial crime reporting obligations, including returns for external regulatory reporting and MI for internal senior management fora.
- Perform and oversee remediation activities to ensure completion on a timely manner.
- To facilitate staff training on compliance and financial crime.
- Comply to all Bank London’s policy & procedures and alignment to Group policy & procedure requirements.
Key Skills Required:
- A strong understanding of the UK regulations/rulebooks specifically the PRA, CRD and the FCA Conduct requirements and the ability to interpret regulations within a Bank.
- Knowledge of country and industry specifics in banking.
- An ability to work proactively, taking initiative with an ability to work both independently and as part of a team.
- Have strong communication (both written and verbal), reasoning and influencing skills.
- Experience of undertaking compliance monitoring reviews and producing compliance monitoring reports to document compliance with internal and external regulations/process.
- Strong decision making skills and the ability to make sound judgements which align to the Bank’s core principles.
To assist Head of Compliance/MLRO to provide advice and address any compliance and regulatory risk and governance issues in relation to AML Compliance function’s operation requirements. To ensure compliance with laws, regulations and policies in relation to AML activities.
Bachelor’s Degree or Master’s Degree in any discipline (Accounting/Finance/Business/Economics/Financial Engineering/Law) would be of added advantage. Any certification in AML or Compliance would be of added advantage.
The salary for this position is 55K - 60K plus Benefits.
Senior Compliance Officer – Banking 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 Senior Compliance Officer – Banking 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 Senior Compliance Officer – Banking 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!
