Compliance Officer

Crown Agents Bank; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A UK-based financial institution is seeking a Compliance Risk Manager to enhance and maintain its compliance culture and risk management framework. Responsibilities include governance compliance advisory, regulatory change management, and supporting the bank's activities in derivatives and structured products. The ideal candidate will have a degree or equivalent, proven experience in compliance risk management, and familiarity with UK regulatory frameworks. This role offers hybrid working options and a comprehensive benefits package.

Benefits

Contributory personal pension plan

Life Assurance

Group Income Protection

Private Medical Insurance

Discretionary Bonus

Competitive Annual Leave

2 Volunteering Days

Qualifications

• Proven knowledge of UK financial services and the regulatory framework (FCA / PRA).
• At least three years experience in compliance risk management or a related field.
• Demonstrable knowledge of regulatory and conduct risk.

Responsibilities

• Maintain and enhance the CAB Compliance Risk Management Framework across all business areas.
• Complete monitoring and testing as required under the Compliance Monitoring Plan.
• Report findings of monitoring and testing, escalating issues as appropriate.

Skills

Compliance Management

Risk Management

Financial Services

Derivatives Regulation

Regulatory Framework Understanding

Education

Degree or Equivalent Level

Professional or industry qualification (e.g. ICA, CISI)

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 banks permissions (e.g. deposit-taking payment services foreign exchange derivatives and other regulated activities).
• Supporting the banks 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 banks 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 banks 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.

Qualifications

• Degree or Equivalent Level. Professional or industry qualification preferred (e.g. ICA CISI or equivalent).

Experience

• Proven knowledge of UK financial services and the regulatory framework (FCA / PRA).
• At least three years experience in compliance risk management or a related field.
• Demonstrable knowledge of regulatory and conduct risk.
• Experience with compliance monitoring policy development and regulatory submissions.
• Experience interpreting and applying Payment Services Regulations (PSR) including oversight of payment services and e-money activities.
• Familiarity with derivatives regulation including EMIR MiFID II and associated reporting and risk management requirements.
• Ability to communicate effectively at all levels.
• Provides constructive and appropriate challenge.
• Capable of enhancing and maintaining risk management systems and controls

Additional Information

• Hybrid working
• Contributory personal pension plan : - Minimum : Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of : Employee 5% and Employer 10%
• Life Assurance 4 times annual salary
• Group Income Protection
• Private Medical Insurance this may include cover for partner and or children at company cost. Cover includes Optical Dental and Audiology
• Discretionary Bonus
• Competitive Annual Leave
• 2 Volunteering Days
• Benefit Hub

Remote Work: No

Employment Type: Full-time

Key Skills

Compliance Management,Risk Management,Financial Services,PCI,Banking,Cost Accounting Standards,Quality Systems,Research Experience,NIST Standards,Securities Law,SOX,ISO 27000

Department / Functional Area: Risk and Compliance

Vacancy: 1