At a Glance
- Tasks: Lead compliance efforts in a dynamic banking environment, ensuring adherence to AML regulations.
- Company: Join a small retail bank in Central London with a strong focus on compliance and ethics.
- Benefits: Competitive salary of £55,000 to £60,000 plus benefits and some remote working options.
- Other info: Opportunity for career growth in a supportive and collaborative team.
- Why this job: Make a real impact in the banking sector by promoting ethical standards and compliance.
- Qualifications: 5-8 years of banking/AML compliance experience and strong decision-making skills required.
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 in relevant banking/AML compliance in established banks/financial institutions. The role involves promoting and managing the culture and practice of regulatory compliance and ethical standards in the conduct of Anti-Money Laundering Compliance functions throughout the Bank London Branch, ensuring that the AML Compliance function is in compliance with requirements and applicable standards.
Key responsibilities include:
- Executing assurance testing via the compliance monitoring plan to ensure adherence to the Branch Risk Appetite and the effectiveness of 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.
- Investigating and escalating potential legal and reputational issues to the Head of Compliance/MLRO and assisting with drafting any referral.
- Approving high-risk customers, PEPs, and 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.
- Facilitating staff training on compliance and financial crime.
- Complying with all Bank London's policy & procedures and alignment to Group policy & procedure requirements.
Key Skills Required:
- A strong understanding of UK regulations/rulebooks specifically the PRA, CRD, and FCA Conduct requirements, with the ability to interpret regulations within a Bank.
- Knowledge of country and industry specifics in banking.
- Experience of undertaking compliance monitoring reviews and producing compliance monitoring reports to document compliance with internal and external regulations/processes.
- Strong decision-making skills and the ability to make sound judgements that align with the Bank's core principles.
A Bachelor's Degree or Master's Degree in any discipline (Accounting/Finance/Business/Economics/Financial Engineering/Law) would be an advantage. Any certification in AML or Compliance would also be an advantage.
The salary for this position is £55,000 - £60,000 plus benefits.
Senior Compliance Officer (Banking / Financial 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.
