Our client is a global independent bank with London offices based in the West End
Summarising regulatory publications and legal requirements and their impact on the Business, circulating them as appropriate and agreeing action to be taken to address them.
Regulatory horizon scanning to identify forthcoming areas that will impact the Business and be able to communicate those requirements to senior stakeholders.
Preparing guidance and training on new and existing regulatory and certain legal requirements (and on any remedial action to address identified existing shortcomings) to business units. Tasks include drafting of new policies, and reviewing and updating all existing policies for Board approval, drafting or approving departmental procedures and documentation templates (including Key Facts and client agreements and notices) and delivering or approving training.
Approving all financial promotions.
Investigating and drafting responses to complaints & root cause analysis.
Responding to ad hoc requests for advice and assistance.
Maintaining a risk-based monitoring plan for agreement with mgt. and the Audit & Compliance Committee.
Reviewing and reporting on adherence to regulatory and legal requirements in accordance with the annual Compliance Monitoring Programme or as other risk-based monitoring requirements are identified.
Management and tracking of open actions through to completion.
Maintaining records of regulatory change and compliance department recommendations for changes to
existing the Business policy or procedures, including action being taken and confirming completion of that action.
Drafting regular reports for the Business management, including the Operational Risk, Management and Audit & Compliance Committees and Group Compliance.
Review and writing of Compliance Policies.
Preparing or reviewing regulatory periodic or ad hoc returns, (especially fee data, CMAR, controllers, close links, complaints, RDR & MMR) including assistance with thematic review responses.
Advising and liaising with operational departments to implement changes in operational processes arising from new regulations, business developments, and compliance review findings.
Relevant experience in a compliance (not just AML) function
Experience of initiating and undertaking compliance monitoring to review strength of system and controls in relation to a range of subject and business areas.
FCA and PRA rules especially SYSC, COBS and Finance Crime Guide
FTC and conduct risk
Desirable background in either legal, auditing, or compliance.
For further information please contact Marcus Courtney