Risk & Compliance Officer in London

Rev & Regs are recruiting for a new 'Risk & Compliance Officer' role on behalf of an International Retail & Wholesale Bank in London.

Role Overview:

The Risk and Compliance Officer will support the Risk and Compliance Managers in identifying, assessing and mitigating prudential, regulatory and compliance risks across the organisation. The role will contribute to a strong risk culture and support compliance with FCA, PRA and other applicable UK regulatory requirements.

Key Responsibilities:

Prudential Risk:

• Coordinate the MRCC monthly meeting, including agendas, minutes, stakeholder updates and KRI reporting.
• Prepare monthly Risk and ALMAC reports, covering LCR, CAR, Leverage, IRRBB, FX, NSFR and weekly stress-testing analysis.
• Support the development and maintenance of the ICAAP, working with Finance, Credit Risk and relevant stakeholders.
• Maintain, test and update the model inventory and assist with model risk assessments.
• Contribute to reviews of Pillar 3 disclosures, Risk Management policies and procedures.

Regulatory Compliance:

• Support the development and delivery of a risk-based Compliance Monitoring Plan, including monthly monitoring reviews, reporting and MI.
• Identify and escalate policy, regulatory and compliance breaches, supporting remediation and resolution within agreed timelines.
• Assist with the development of Compliance reports for Senior Management and the Board.
• Conduct regulatory horizon scanning, maintaining the regulatory register and highlighting relevant developments and risks.
• Identify compliance risks arising from business activities, recommend appropriate mitigating actions, and monitor completion of remediation.
• Support the review and enhancement of compliance policies, procedures and practices.

Regulatory & Conduct Requirements:

• Maintain an understanding of and comply with the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
• Support obligations under Consumer Duty, where applicable to retail customers, products or services.
• Demonstrate the required SM&CR Individual Conduct Rules, including integrity, due skill and care, regulatory openness, fair treatment of customers and delivering good customer outcomes.

Knowledge & Experience:

• Degree-level qualification, ideally with banking/financial services experience.
• Minimum 2 years’ experience in Risk and Regulatory Compliance within a UK-regulated financial institution.
• Proven experience delivering or supporting bank-wide prudential risk and regulatory compliance monitoring programmes.
• Strong knowledge of the UK regulatory environment, including the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
• Strong numerical, analytical and risk assessment skills.
• Advanced Microsoft Office skills, particularly Excel.
• Excellent written and verbal communication skills.

Location: London Office - 5 days a week