Compliance Officer

Crown Agents Bank; Camden Town; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial institution in the United Kingdom seeks a Compliance Manager to enhance compliance culture and risk management framework. The role includes governance, regulatory compliance, training delivery, and monitoring within the bank. A solid understanding of FCA and PRA regulations is essential, alongside experience in compliance roles. The position offers a dynamic and engaging work environment focused on regulatory excellence.

Qualifications

• Experience in compliance, especially within banking regulations.
• Proven ability to deliver compliance training.
• Strong understanding of FCA and PRA regulations.

Responsibilities

• Enhance compliance culture across the bank.
• Conduct thematic reviews of derivatives and complex products.
• Design and deliver compliance training sessions.
• Monitor compliance and embed it in business areas.

Skills

Compliance advisory

Regulatory change management

Training delivery

Monitoring and testing

Governance

Job description

To enhance and maintain the compliance culture and risk management framework for Crown Agents Bank (CAB), including but not limited to:

• Governance, compliance advisory, compliance training, regulatory change management, reviewing financial promotions, providing 2nd line challenge, reviewing new products, reviewing SMCR requirements, and conducting monitoring and testing as required under the Compliance Monitoring Plan (CMP).
• Ensuring compliance with all relevant FCA and PRA regulations, including those relating to the bank's permissions (e.g., deposit-taking, payment services, foreign exchange, derivatives, and other regulated activities).
• Supporting the bank's activities in derivatives and structured products, ensuring robust controls and compliance with relevant regulations (e.g., EMIR, MiFID II, FCA Conduct of Business Sourcebook).

Role Responsibilities

• Maintain and enhance the CAB Compliance Risk Management Framework, embedding it across all business areas.
• Complete monitoring and testing as required under the CMP, including thematic reviews of derivatives and other complex products.
• Report findings of monitoring and testing, escalating issues as appropriate.
• Monitor compliance with, and embed a culture of, compliance in line with FCA and PRA rules and expectations.
• Design and deliver compliance training, including on derivatives, market conduct, and new regulatory developments.
• Provide meaningful compliance and conduct-related management information (MI).
• Maintain and report appropriate MI, continually enhancing compliance reporting.
• Ensure timely and effective resolution of compliance issues.
• Review and update compliance risk policies, ensuring they reflect current regulatory requirements and are uploaded to Riskonnect.
• Work with stakeholders to develop and enhance controls, especially in areas relating to the bank's FCA permissions (e.g., client money, safeguarding, anti-money laundering, derivatives trading).
• Manage SMF/Certified registration and Directory Persons on Connect.
• Coordinate internal and external attestations, including the annual Fit & Proper attestation.
• Review and approve financial promotions and client communications.
• Advise on regulatory requirements for new products and services, including derivatives.
• Support regulatory reporting and respond to information requests from the FCA, PRA, and other authorities.
• Maintain awareness of regulatory developments affecting the bank's permissions and business model, including those relating to derivatives and capital markets activities.
• Provide compliance advisory support to front office and support functions, with a focus on derivatives, FX, and payment services.
• Support the implementation of new regulatory requirements (e.g., EMIR, MiFID II, SMCR, AMLD).
• Participate in industry forums and maintain up-to-date knowledge of best practices in compliance and derivatives regulation.