Senior Compliance Officer – Banking

Senior Compliance Officer – Banking

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.

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, ensuring that the AML Compliance function is compliant with applicable standards.

To ensure the effectiveness of the AML Compliance function’s management and regulatory risk issues through the establishment and maintenance of an appropriate and effective framework and procedures, and that compliance and regulatory risks are anticipated, identified, escalated, reported to the Head of Compliance, mitigated, and managed to avoid any financial and reputational loss.

To support the Head of Compliance in managing compliance and regulatory risks, including liaison with the Regulator’s Financial Intelligence Authority and other regulatory and law enforcement bodies.

Responsibilities:

1. Executing assurance testing via the compliance monitoring plan to ensure adherence to the Branch Risk Appetite and the effectiveness of systems and controls.
2. Reviewing and advising on escalations received from the Anti-Financial Crime Operations team or any other business team within the London branch.
3. Liaising with 1LOD in managing SARs process.
4. Investigating and escalating potential legal and reputational issues to the Head of Compliance/MLRO and assisting with drafting any referral.
5. Approving high-risk customers, PEPs, and adverse media positive hits.
6. Managing disputes or complaints regarding financial crime prevention.
7. Contributing to financial crime reporting obligations, including returns for external regulatory reporting and MI for internal senior management fora.
8. Performing and overseeing remediation activities to ensure timely completion.
9. Facilitating staff training on compliance and financial crime.
10. Complying with all Bank London’s policies and procedures and aligning with Group policy and procedure requirements.

Key Skills Required:

1. A strong understanding of UK regulations/rulebooks, specifically the PRA, CRD, and FCA Conduct requirements, and the ability to interpret regulations within a Bank.
2. Knowledge of country and industry specifics in banking.
3. An ability to work proactively, taking initiative, with the ability to work both independently and as part of a team.
4. Strong communication (both written and verbal), reasoning, and influencing skills.
5. Experience in undertaking compliance monitoring reviews and producing compliance monitoring reports to document compliance with internal and external regulations/process.
6. Strong decision-making skills and the ability to make sound judgments that align with the Bank’s core principles.

To assist the Head of Compliance/MLRO in providing advice and addressing compliance and regulatory risk and governance issues related 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 advantageous.

Any certification in AML or Compliance would be an added advantage.

The salary for this position is £55K - £60K plus Benefits.

Please send your CV in Word format along with your salary and notice period.