Our client is a a global banking group with offices based in the City. They are looking to hire a Compliance Analyst to carry out regular compliance assurance and testing for the business.
THE RESPONSIBILITIES:
Governance
Maintain and embed appropriate monitoring and testing standards and procedures for the Compliance Assurance & Testing team
Develop and execute the Compliance Monitoring and Testing Plan (CMP) in collaboration with the Senior Manager, Compliance Assurance & Testing
Ensure all areas of the business are appropriately monitored and any changes to regulations directed by other Compliance teams are incorporated into the monitoring plan
Support the collation of monthly Management Information (MI) and reports to the GM, Compliance & MLRO, Senior Management and relevant governance committees
Support the implementation and execution of controls where risks or control deficiencies or gaps are identified
Monitoring and Testing
Develop and deliver the annual compliance assurance plan based on risk assessments and regulatory priorities.
Conduct end to end compliance monitoring reviews, including scoping, fieldwork, testing, and reporting.
Support the development and maintenance of detailed test scripts that align to internal policies and procedures as well as regulatory requirements
Test the design and operating effectiveness of compliance controls across business lines.
Track and validate remediation actions to ensure timely closure of issues.
Identify and risk rate deficiencies and work with line management on remediation plans
Deliver timely and accurate compliance monitoring reports that opine on the adequacy of Compliance systems, controls and processes to manage compliance risks
Horizon scanning
Monitor regulatory developments, consultation papers, enforcement actions, and industry trends across UK, EU, and global regulatory bodies.
Assess the potential impact of upcoming regulatory changes on the bank’s compliance framework, policies, and control environment.
Incorporate emerging risks into the annual compliance assurance plan and adjust testing priorities accordingly.
Work closely with the business to ensure timely awareness and preparedness for new or evolving requirements.
Produce concise horizon scanning updates and briefings for senior management, highlighting key themes, risks, and recommended actions.
Use external intelligence sources (industry forums, regulatory publications, trade associations) to benchmark the bank’s readiness against peers and best practices.
Regulatory Compliance
Maintain up to date knowledge of all relevant regulations and internal policies.
Review and update departmental policies in accordance with scheduled review cycles.
Develop and deliver subject specific training materials for Bank wide use.
Manage key Regulatory Compliance logs and registers, including Conflicts of Interest, Gifts and Hospitality, and Breaches.
Coordinate and submit FCA regulatory reporting requirements.
Support internal audits, regulatory reviews, and broader governance processes.
Champion and embed a strong compliance culture across the organisation.
EXPERIENCE REQUIRED:
A minimum of 3 years’ experience within a UK financial services environment, gained in a regulatory compliance function or directly with a regulator
Significant, relevant experience conducting Compliance monitoring and testing for a financial services firm in the UK covering retail and institutional business
Strong understanding of industry practices and disciplines having implemented and developed compliance monitoring and testing frameworks in the past
Experience of applying monitoring or audit methodologies within financial organisations
Must have extensive knowledge of the UK regulatory and financial crime framework with good knowledge of retail/corporate banking operations, products and processes
Must have an excellent understanding of how a Compliance Assurance & testing programme works
For further information please contact Hannah Tabatabai
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