Compliance Analyst

Canara Bank; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading public sector bank in Greater London is looking for a diligent Compliance Analyst to ensure compliance with UK regulations. The successful candidate will develop compliance programs, conduct audits, and provide guidance to staff. Candidates should have a strong understanding of UK financial regulations, AML, KYC procedures, and relevant qualifications. This position is crucial to maintaining a culture of compliance within the bank.

Qualifications

• Sound knowledge of UK financial regulations, especially FCA and PRA.
• Proven experience in compliance within the banking sector.
• Integrity and commitment to ethical standards.

Responsibilities

• Monitor and assess compliance with regulatory requirements.
• Develop and implement compliance policies and procedures.
• Conduct periodic compliance reviews and audits.
• Investigate and resolve compliance issues.

Skills

Knowledge of UK financial regulations (FCA, PRA)

Anti-money laundering (AML)

KYC procedures

Education

Degree/MBA and relevant professional certifications in Compliance

Job description

About Canara Bank London Branch

Canara Bank; one of the leading public sector banks in India with a strong global presence, is seeking a diligent and experienced Compliance Analyst to join our London branch team. With over 40 years’ presence in the UK we pride ourselves on our commitment to regulatory compliance and ethical banking practices.

Role Overview

As a Compliance Analyst at Canara Bank's London branch, you will play a crucial role in ensuring that the bank operates in full compliance with all applicable regulations, guidelines, and internal policies. You will be responsible for developing and implementing compliance programs, conducting assisting with regular audits, and providing guidance to staff on compliance matters.

Key Responsibility Areas

• Monitor and assess compliance with regulatory requirements and internal policies.
• Develop and implement compliance policies and procedures.
• Conduct periodic compliance reviews and audits.
• Investigate and resolve compliance issues, including those raised through internal reporting mechanisms.
• Stay updated on regulatory developments and assess their impact on the bank's operations.
• Collaborate with senior management and departments across the bank to ensure a culture of compliance.

Stakeholder Management and Leadership

The role holder’s main stakeholders will be the Senior Management Team and the heads of departments to ensure CBUK compliance with UK regulatory guidelines.

Essential Skills/Basic Qualifications

• Sound knowledge of UK financial regulations (FCA, PRA), anti-money laundering (AML), and KYC procedures.
• Proven experience working in compliance within the banking or financial services industry, preferably in the UK regulatory environment.
• Degree/MBA and relevant professional certifications in Compliance.
• Integrity and a commitment to upholding ethical standards