At a Glance
- Tasks: Drive regulatory excellence and provide expert compliance advice in a dynamic banking environment.
- Company: Join a leading City of London bank with a strong focus on compliance and teamwork.
- Benefits: Competitive salary, benefits package, and opportunities for professional growth.
- Other info: Collaborative culture with a hands-on approach to compliance challenges.
- Why this job: Make a real impact on compliance strategies while working closely with senior management.
- Qualifications: 6-7 years in compliance, strong knowledge of corporate banking, and excellent stakeholder skills.
The predicted salary is between 70000 - 90000 £ per year.
Sterling Williams are supporting a City of London based Bank in their search for a permanent Senior Compliance Manager.
Permanent; Full-time. City of London - currently working onsite 4 days per week. Salary: £Competitive, plus benefits.
Supporting the Head of Compliance and MLRO, you will play a pivotal role in driving regulatory excellence across all facets of compliance. With a hands-on attitude, the successful candidate will be entrusted with regulatory advisory, horizon scanning, compliance monitoring programmes as well as deputising for the HoD/MLRO as and when required.
Principal Accountabilities:- Take ownership of regulatory advisory, offering subject matter expertise on regulatory requirements and escalate to HoD as and when needed;
- Maintain current knowledge of financial crime matters to support HoD/MLRO;
- Improve and implement the annual Compliance monitoring plan ensuring it is aligned with the bank's regulatory permissions, industry regulations and internal organisational policies;
- Undertake Horizon Scanning and conduct gap analysis against evolving regulations and stay abreast of key regulatory changes to ensure proactive communication with committees, senior management and business lines, developing and updating the compliance policy and framework to reflect the identified changes or new requirements/rules;
- Support the 1st line of defence in embedding best practice in relation to Compliance, Financial Crime, CDD and sanctions screening and ensure that the 1st line has a clear understanding of compliance risk exposure with respect to clients, transactions and products. Reporting back to business functions on Compliance performance and highlighting areas of concern;
- Ensure the provision of accurate and timely advice and guidance on regulatory issues, business standards, policies and procedures, ensuring consistency and dissemination of best practices;
- Manage the regulatory advice tracker in collaboration with the team to ensure timely delivery of advice, closure of actions, providing solutions to mitigate compliance risk;
- Review and update the Prevention of Financial Crime Manual ensuring that it reflects current JMLSG guidance, FCA Financial Crime Guidance, the Money Laundering Regulations and industry best practice;
- Maintain the customer risk form parameters and review and sign off customer risk assessments;
- Conduct risk-based internal assessments of payments, oversee transaction monitoring and manage remediation plans if required;
- Ensure the bank complies with laws, regulations and internal policies within the compliance framework and that regulatory risks to company activities are identified, measured, monitored and controlled;
- Maintain the register of compliance key risk indicators on a monthly basis, review the customer risk assessments undertaken by the onboarding team and update the customer risk assessment form as and when required;
- Manage staff access and regulatory reporting on the FCA Reg Data portal.
- Proven track record in a generalist compliance role with minimum 6-7 years of relevant experience preferably in a wholesale bank;
- Strong knowledge of corporate banking sectors, products, industry issues, market best practice and successful application of compliance frameworks within these areas;
- A degree-level education with preferably additional relevant qualifications;
- Excellent stakeholder relationship skills;
- Proven ability to balance risk considerations with commercial objectives when proposing decisions that affect compliance strategy or operations;
- Demonstrate a commitment to collaborative teamwork and a hands-on approach;
- Eligibility to work in the UK on a full-time basis.
Senior Compliance Manager in City of London employer: Sterling Williams
Sterling Williams offers an exceptional work environment for a Senior Compliance Manager in the heart of the City of London, where you will be at the forefront of regulatory excellence within a dynamic banking institution. With a competitive salary and comprehensive benefits, employees enjoy a collaborative culture that fosters professional growth and development, ensuring that your expertise is valued and your career can flourish. The bank's commitment to compliance and financial crime prevention provides a meaningful opportunity to make a significant impact in the industry while working alongside experienced professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Manager in City of 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 Sterling Williams looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Manager in City of 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 Sterling Williams. 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 Sterling Williams
✨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 Sterling Williams’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
