Compliance Manager

AlRayan Bank; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

Join AlRayan Bank as a Compliance Manager in London, where you'll lead compliance monitoring and provide regulatory advice. We value integrity, empowerment, and teamwork in an ethical banking environment. This is your opportunity to contribute to a successful, diverse bank that champions inclusivity and excellence.

Qualifications

• Experience in a Compliance or Audit related role within financial services.
• Experience in Compliance Monitoring activity.

Responsibilities

• Implement the Compliance Monitoring framework and lead compliance reviews.
• Provide timely regulatory advice and guidance.
• Maintain compliance Management Information (MI) and facilitate training.

Skills

Regulatory knowledge of FCA regulation

Excellent communication skills

Detail-oriented

Problem-solving skills

Organisational skills

Education

Compliance or Audit qualifications

Job description

Welcome to AlRayan Bank UK, the most successful Sharia compliant bank in the United Kingdom.

AlRayan Bank UK is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the AlRayan Bank Group - formerly Masraf Al Rayan, and one of the largest banks in Qatar, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At AlRayan Bank UK, we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual's unique perspectives are valued.

We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you'll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

Come and join us and be part of something extraordinary.

We have a fantastic opportunity for a Compliance Manager to join us at our London Stratford Place Office. This role aids the Head of Compliance (SMF16) in providing a proactive and timely delivery of compliance activities across the Bank, including the provision of compliance monitoring reviews, regulatory advice, training and other compliance outputs as required. Working in a small team, the breadth of the role is generalist in nature, whilst requiring a level of specific technical knowledge of financial services regulation as relates to banking activities within the UK.

Key Responsibilities

Compliance Monitoring

• Implement the Bank's Compliance Monitoring framework, processes and procedures in line with industry and regulatory standards and the Bank's risk appetite. Where required, aid in reviewing and updating compliance monitoring procedures to drive continuous improvement.
• Lead on compliance monitoring reviews as outlined in the compliance monitoring plan, covering the Bank's regulated activities. This includes preparing terms of reference, testing the design and operational effectiveness of regulatory controls, report writing, agreeing findings with key stakeholders and tracking all issues and remediation through to closure.
• Conduct quarterly customer outcomes testing as part of the Bank's consumer duty requirements
• Influence and guide internal stakeholders to ensure the successful implementation of the compliance monitoring framework and the resolution of issues/actions.
• Support in evaluating the ongoing effectiveness of the Compliance RCSAs and work with Operational Risk to ensure alignment

General Regulatory Compliance

• Collate all required compliance Management Information (MI) relating to monitoring and regulation and analyse trends and issues to provide information and assurance to key internal governance forums.
• Proactively develop own knowledge of regulatory compliance and share best practice with members of the wider Risk Teams and across the bank as appropriate.
• Support the business through the provision of timely and outcomes-focussed regulatory advice and guidance, as part of project and change programmes and resolving ad hoc queries which arise from time to time.
• Support the Senior Compliance Manager in the collation of MI and the co-ordination of slides for the Legal and Regulatory Compliance Committee pack.
• Maintain the Conflicts of Interest and Gifts and Entertainment Registers
• Review compliance policies, standards and procedures when required.
• Provide regulatory training to internal stakeholders.

Qualifications & Experience

• Understanding of Islamic Finance (Desirable)
• Compliance or Audit qualifications (Desirable)

Knowledge & Skills

• Demonstrable experience in a Compliance or Audit related role within financial services
• Experience in Compliance Monitoring activity
• In depth regulatory knowledge of FCA regulation affecting the Bank, including knowledge of the FCA Consumer Duty.
• Excellent oral, written communication and organisational skills as well as the ability to present confidently and work effectively with staff and management at all levels
• Ability to investigate, analyse and interpret MI
• Issue Management capabilities displaying effective organisational and stakeholder management skills
• Excellent attention to detail

Behavioural Competencies

You will be required to demonstrate our 1Team values and associated behaviours which are outlined below:

• Trusted to do the right thing: To act with total integrity. Put the customer first and stick to our promises.
• Empowered to own: To embrace change, take responsibility and ask for help when needed.
• Able to deliver: To draw on each other's strengths and believe in 'no blame' and 'no ego's'. Show resilience.
• Motivated to succeed : To be passionate about our work. Look for opportunities to learn and grow and celebrate each other's success.

Conduct

We expect staff to follow the standards required by our regulators. At all times:
• Act with integrity
• Act with due skill, care and diligence
• Be open and co-operative with regulators
• Pay due regard to the interests of customers and colleagues and treat them fairly
• Observe proper standards of market conduct
• Act to deliver good outcomes for retail customers

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in.

Empowering your career, together we'll deliver banking you can believe in.