Compliance Officer

THE COMPANY:

Our client is a leading international bank with UK offices based in West London.  They are looking to hire a Compliance Officer on a permanent basis.

THE RESPONSIBILITIES:

• Support the department’s operations as and when needed and any other tasks assigned by the Head of Legal and Compliance and the General Manager of the Branch.
• Work with the Head of Legal and Compliance to ensure the Branch is in compliance with applicable rules and regulations that falls within the department’s remit.
• Work with the Head of Legal and Compliance to ensure timely submission of relevant regulatory reports including RegData returns, SCV reports and CRS reports.
• To adhere to and follow all Bank/Group applicable policies and procedures.
• Executing assurance testing via the compliance monitoring plan to ensure both the adherence to the Branch Risk Appetite and the effectiveness of the systems and controls
• Perform Control Effective Testing (CET) on selected key business areas, especially areas that poses higher risk in Compliance and/or AML
• Ensure all control gaps are identified, addressed and closed to mitigate any potential risks.
• Supporting the Head of Legal and Compliance in reviewing and advising on escalations received from other business teams within the Branch
• Investigating and escalating potential legal and reputational issues to the Head of Legal and Compliance and assist with drafting any referral
• Supporting the Head of Legal and Compliance to approve high risk customers, PEPs and adverse media positive hits
• Contributing to financial crime reporting obligations, including returns for external regulatory reporting and MI for internal senior management forums
• Assisting the Head of Legal and Compliance with Regulatory compliance reviews and in particular horizon scanning, gap analysis against regulatory guidance, new rules or legislation
• Assisting the Head of Legal and Compliance with policy and procedures reviews
• Assisting the Head of Legal and Compliance with the provision of training to first line teams
• Reporting any potentially suspicious activity to the Head of Legal and Compliance in his capacity as Branch MLRO
• To ensure all data worked on and or/shared with internal/external clients are accurate
• Escalate any data issue to the HOD promptly and without delays.
• Ensuring any data sharing requests are discussed with HOD/DPO so that prior authorisation is given and follows GDPR / department’s SOPs

EXPERIENCE REQUIRED:

• 2-3 years of experience of relevant banking experience.
• Compliance and AML compliance experience in an established bank / financial institutions
• A good understanding of the UK regulations/rulebooks specifically the PRA Rulebook and FCA Handbook and the ability to interpret regulations within a Bank.
• Knowledge of country and industry specifics in banking
• Experience of undertaking compliance monitoring reviews and producing compliance monitoring reports to document compliance with internal and external regulations/process

For further information please contact Hannah Tabatabai