Compliance Monitoring Manager

Bank of London; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A UK clearing bank is seeking a Compliance Monitoring Manager to oversee and enhance the regulatory compliance framework. You'll design and execute compliance monitoring plans, ensuring effective risk assessment and management. The ideal candidate will possess a strong understanding of UK financial regulations and the ability to communicate effectively with senior stakeholders. The role emphasizes independent judgment and the capacity to foster a compliance-centric culture within the organization, driving innovation while adhering to regulations.

Qualifications

• Solid understanding of PRA and FCA regulations applicable to banks.
• Experience in hands-on monitoring or assurance testing.
• Ability to interpret regulatory materials into practical actions.

Responsibilities

• Design and execute a risk‑based Compliance Monitoring Plan.
• Produce clear, timely reports on compliance findings.
• Maintain a regulatory change log and update the Compliance Monitoring Plan.

Skills

Understanding of UK financial regulation

Experience in compliance role

Clear communication skills

Independence of judgement

Data analysis

Job description

Job Description

Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple : help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.

We’re looking for a Compliance Monitoring Manager to join our team. You’ll work directly with the Compliance Director (SMF16) to provide independent, risk‑based monitoring over regulatory compliance and enable the business to innovate in a compliant way.

Requirements

• Design, maintain and execute a risk‑based Compliance Monitoring Plan that combines cyclical and thematic reviews across key regulatory compliance areas. This role will not focus on financial crime and fraud compliance which is covered by a separate team in the department, with which this role holder will be expected to collaborate.
• Perform monitoring reviews using a clear methodology, including scoping, risk assessment, sampling and testing, evidence standards, issue grading, root‑cause analysis, and verification of remediation.
• Produce clear, timely reports that set out findings, risks and actions. Track remediation to closure with accountable owners and due dates, and elevate delays or material risks to SMF16 and the Board Risk / Compliance Committee as appropriate.
• Undertake regulatory horizon scanning across PRA and FCA sources. Track consultations, policy statements, supervisory publications, Dear CEO letters, enforcement themes and speeches.
• Maintain a concise regulatory change log and feed prioritised items into the Compliance Monitoring Plan, risk assessments and policy reviews.
• Supports regulatory action tracking to ensure the Bank meets supervisory expectations.
• Help design and improve policies, processes and controls that keep the Bank safe, compliant and client‑focused, while preserving the independence of monitoring.
• Use data and MI to prioritise reviews, identify outliers and enhance sampling strategies.
• Help foster a culture where compliance is part of how we do things every day.

Experience

• Solid understanding of UK financial regulation (PRA, FCA) applicable to banks and payment services firms, including the Payment Services Regulations, Consumer Duty, conduct, SYSC and governance requirements.
• Experience in a compliance or regulatory role in banking or payments, with hands‑on monitoring or assurance testing and reporting.
• Proven ability to interpret new and evolving regulatory materials and distil them into practical, proportionate actions for teams.
• Familiarity with risk assessment and planning techniques, monitoring methodologies, sampling and data analysis, and issue management.
• Clear, confident communication skills that translate complex regulation into plain language, with succinct written reporting for senior audiences.
• Independence of judgement, the confidence to challenge constructively and the ability to manage stakeholders to agreed timelines.
• Ability to work independently, prioritise and deliver multiple pieces of work concurrently to a high standard.

Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.