Operational & Regulatory Support Team Officer- 12 month FTC
THE COMPANY:
Our client is a leading international bank based in the City and are looking for an experienced regulatory support individual to join them on a 12 month FTC.
THE RESPONSIBILITIES:
To lead, develop and manage the operational & regulatory support team.
To review and analyse upcoming regulatory compliance requirements. e.g. CoP (Confirmation of Payee);
To develop strong relationships with compliance stakeholders across the business;
To identify emerging risks
To oversee and lead regulatory change initiatives
To lead reporting on risk matters to ensure the business meets its reporting obligations
To design and update internal policies
To implement any findings of internal and external auditors and to incorporate any necessary updates to procedures;
To assist in the resolution of compliance problems following appropriate internal processes;
To oversee initial customer due diligence based on bank systems of record
To ensure customer files are up-to-date and in line with Bank’s policy and procedures to reduce risk;
To investigate AML transactional monitoring alerts
To escalate any account suspicions identified
To manage responses and resolutions of matters raised in Compliance, Risk and Audit reports；
To compile conduct risk MI
To assist in resolving any problems or complaints
To provide mentoring on Compliance and Anti Money Laundering issues;
To oversee the maintenance of account documentation within banking dept;
To attend meetings to develop an understanding of business processes;
To assist with project work when required;
To monitor risk in the department to ensure that risk is minimized;
To review the policy and manual or to monitor the policy and manual have been reviewed on time;
Conduct daily basic CASS review operation in accordance with established “policies”.
EXPERIENCE REQUIRED:
Experience obtained from UK banking;
Interested individuals must have Consumer Duty, COBS complaints and payments compliance experience
Sound knowledge of bank policies and procedures;
Ability to make constructive and practical recommendations and improvements to processes and procedures;
Knowledge of FCA guidelines and principles;
Knowledge of money laundering prevention;
Confident in making decisions;
Good attention to detail;
Able to communicate effectively
For further information please contact Natalie Eshelby
