Our client is a large successful international bank, devoting a long history of success across the global market, that have offices based in the City.
THE RESPONSIBILITIES:
- Provide people and technical leadership across Core Compliance, Compliance Advisory, and Compliance Monitoring.
- Act as a manager to all the team leaders of the compliance teams (including performing line manager's duties jointly with the Head of Department, performance contracts and bi-annual appraisals of direct reports;
- Ensure the tasks are allocated and undertaken accurately and in a timely manner by relevant staff, including the team leaders of Core Compliance, Compliance Advisory, and Compliance Monitoring.
- Provide strong leadership in the planning, scheduling and the output of risk-based compliance monitoring reviews appropriate to the risk-assessment of the business proposition and current regulatory and industry thinking. Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards. Ensure the team applies strong analytical reasoning skills to risk-rate outcomes and determine the level of impact of issues identified, and risk-assess the business undertaken and operational practices for consideration of inclusion in the compliance monitoring programme. Develop and maintain a risk-based approach to planning and scoping activities to be undertaken to ensure there is adequate oversight of the compliance risks across both regulated entities.
- Assist Wholesale, Corporate and Retail Banking with management of regulatory risks including, determine the compliance risk management mechanism of the department, identify, assess and regularly report to the Head of Legal and Compliance any compliance risks, with recommendations on measures that can be taken to mitigate these risks.
- Assist Wholesale, Corporate and Retail Banking with the design and implementation of first line of defence systems and controls to enable self monitoring by the department to ensure that their business processes and systems operate in accordance with the Bank's policy and applicable regulatory requirements.
- Design Compliance Annual Work Plans.
- Take responsibility for the design and implementation of compliance policies and procedures as required in order to meet the requirements of new/updated regulations/legislation and embed these within the Bank;
- Act as the Bank's subject matter expert in relation to compliance matters;
- Respond to requests for advice from business units, support departments and branch offices and provide the appropriate level of support to resolve the matter being referred;
- Represent the Legal and Compliance Department during the meetings, such as project and product launches, provide support and guidance in relation to possible solutions;
- Take the lead in Compliance related projects;
- Participate in planning, preparation, and delivery of compliance related training;
- Ensure reporting in respect of outputs and regulatory change is completed accurately and on a timely basis. This includes regular reporting to the Head of Legal and Compliance Department, Deputy Head of Legal and Compliance Department, Chief Compliance Officer and Compliance Committee, as well as providing ad hoc management information.
EXPERIENCE REQUIRED:
- Degree level education (preferably law, banking or finance);
- Banking and/or compliance related qualification;
- Significant compliance experience in the financial services industry.
- Advising on legal and regulatory requirements;
- Assessing regulatory change and building compliance frameworks;
- Implementing regulatory requirements;
For further information please contact Hannah Tabatabai