Senior Compliance Officer

Overview

Role Purpose: The purpose is to ensure execution of the regulatory compliance arrangements including the provision of advice and ensure that Zenith Bank (UK) Ltd ("ZBUK") operates within a strong and positive compliance culture. Working with the CCO to develop, implement and monitor Compliance monitoring, strategy and policy for ZBUK; and to support the CCO in overseeing the evaluation, measurement, monitoring and management of regulatory risks enterprise wide. In addition, to ensure the Bank's regulatory framework remains robust and ensure all returns and policies are tracked. Ensure that the Compliance policies comply with legal and regulatory requirements.

Responsibilities

• Responsible for managing the daily regulatory routine tasks.
• Review regulatory updates from multiple regulators and communicate to the relevant teams across the Bank.
• Provide management transparency and overall assurance in the regulatory return process within Zenith Bank, DIFC and Paris branches through dashboards, reports and ad-hoc information.
• Provide advice on any regulatory matters and/or regulatory communications.
• Review regulatory returns across the Bank including London, Dubai and Paris teams to ensure accuracy.
• Monitor, review and track all policies for the Bank across multiple jurisdictions of UAE and France.
• Keep abreast, analyse and communicate policy and market developments in regulatory reporting to relevant stakeholders and senior management.
• As part of the 2nd Line of Defence, review and challenge all regulatory returns and the processes that underlie their production for the Bank of England, FCA, PRA and others.
• Manage the Compliance Monitoring Plan.
• Review and approve new communications and financial promotions.
• Assist the CCO with the weekly compliance update to the Executive Committee.
• Undertake weekly reviews of risk events to scan for potential complaints.
• Undertake weekly reviews of a sample of Treasury dealer chat messages.
• Undertake monthly reviews of the Complaints Register.
• Undertake a 2nd line check of the monthly ISEM prepared.
• Undertake monthly reviews of the Management Responsibilities map.
• Undertake quarterly reviews of investment documentation, client MiFID categorizations, investment trades for suspicious transactions and personal account deals for unusual price movements.
• Undertake quarterly reviews of CASS reconciliations, expense claims, hold mail, gifts and hospitality register, and suitability of personal recommendations.
• Coordinate annual gifts/hospitality and personal account dealing undertakings.
• Assist the CCO with the preparation of the quarterly board regulatory update and the ACC update on changes to policies and procedures.
• Undertake quarterly reviews of staff routinely in contact with regulators and potentially obsolete staff records.
• Submit the Professional Standards Data Report and the annual Fee Tariff Data Report to the FCA.
• Prepare the CASS 10 review and custodian selection for the Board, and the annual CASS 10 compliance report.
• Undertake annual reviews of CASS6.3 custodians, CASS procedures, CASS reconciliation frequency rationales, manuals, procedures and policies (Compliance Manual, Regulatory Investment Manual, CASS Manual and Accountability Policy), and the Bank's execution policies.
• Prepare and submit all regulatory returns to the FCA.
• Work with the CCO to complete the annual compliance and CASS risk assessments.
• Ensure that the compliance monitoring programme, routine compliance tasks schedule and risk register reconcile and remain up to date.
• Keep up to date with relevant legislative and regulatory updates and ensure these are implemented within the Bank's systems and controls.
• Provide advice and guidance to other departments on regulatory matters.
• Facilitate the development of a compliance culture to minimise regulatory failure and reputation damage.
• Take action to remedy any breaches that occur.
• Maintain involvement in broader compliance department knowledge activities and assist the CCO and Deputy Compliance Manager as required.
• Assisting the CCO with other matters that may arise from time to time.

Experience & Education

• Relevant degree-level qualification – Compliance or LLB preferred.
• Minimum of 4 years of relevant industry experience.
• Good knowledge of the legal and regulatory framework including and not limited to:
• MiFID
• Consumer Duty
• CASS
• Client Assets Rules
• SMRC – Senior Managers Certification Regime
• COCON – Conduct rules
• BCOBS – Banking: Conduct of Business sourcebook
• PRIN – Principles for Business Rules
• SYSC – Senior Management Arrangements, Systems and Controls Rules
• Market Conduct
• DISP Rules – Complaints
• COBS – Conduct of Business Governance

Skills & Competencies

• Excellent team working and interpersonal skills.
• Ability to balance business/market needs with regulatory and reputational risk.
• Excellent oral and written communication skills.
• Assertive and persuasive, with the ability to challenge but retain colleagues’ support.
• Strong organising, planning and prioritising skills.
• Ability to work under pressure.
• Ability to analyse and interpret complex information.
• Ability to work on own initiative.
• Willingness to take on new tasks.
• Ability to meet deadlines and achieve agreed targets.
• Flexibility and adaptability to changing demands.
• Investigative and questioning nature.

This is a permanent position, paying up to £75,000.00 based on experience.