Compliance Officer (6 month FTC)

CLOSE BROTHERS; London; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading UK merchant banking group is seeking a Compliance Analyst to join their team in London. You will support the Compliance Manager in managing regulatory risks, ensuring effective compliance processes, and liaising with all staff levels. The ideal candidate should have a strong background in compliance and excellent communication skills. This role offers a mixture of hybrid working and a commitment to a diverse and inclusive workplace.

Benefits

Private medical

Discounted health checks

Stakeholder pension contribution

Cycle to work scheme

Gym discounts

Purchase additional holiday

Qualifications

• Experience in regulatory environment applicable to banking.
• Ability to summarize at a key material level.
• Interest in regulatory affairs and current affairs.

Responsibilities

• Support the Compliance Manager in identifying relevant regulation.
• Work with Compliance Officers in operational areas.
• Manage relationships with subject matter experts.
• Ensure correct interpretation of rules by technical advisors.
• Report to regulatory bodies and manage correspondence.
• Support the review of Risk and Control Self-Assessments.
• Identify operational risks and enhance compliance controls.

Skills

Strong background in Central Compliance

Excellent verbal and written communication skills

Good technical knowledge of regulatory requirements

Practical knowledge of compliance regulation

Ability to operate with minimal supervision

Education

Professional qualifications in Banking/Financial regulation

Job description

Overview

Close Brothers is committed to recruiting from diverse backgrounds and encouraging applications even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help balance work and home life.

Join the Close Brothers Compliance Team where you will support the Compliance Manager in independently and proactively managing a wide range of regulatory risks, governance, processes, and controls, coordinating with all staff levels, including senior management and deep subject matter experts for appropriate execution.

The ideal team member will have previous experience in the regulatory environment as it applies to banking across a variety of compliance-related matters with excellent interpretative skills, strong attention to detail, and the ability to summarise at a key material level.

Responsibilities

• Support the Compliance Manager and other Officers in identifying relevant regulation or risks for the evolution of Compliance policies, standards, procedures, and controls.
• Work with the Compliance Officers and Compliance Analysts in Compliance and impacted operational areas, including HR, to ensure effective and efficient allocation of regulatory activity or implementation actions.
• Manage and develop relationships with, subject matter experts and colleagues of all levels across the group.
• Direct liaison with technical advisory experts to ensure that rules are correctly interpreted, and submissions required by the regulators are correctly followed.
• Reporting and cyclical submissions to regulatory bodies, with accurate and prompt correspondence with business colleagues for data, arranging relevant expert reviews.
• Manage or support the review and completion of the Risk and Control Self-Assessment (RCSA) for Group Compliance.
• Identify relevant regulatory and operational risks, and controls to support the evolution of Compliance control environment.
• Ensure that reporting, operational and reviewing activities required by regulators are carried out to the standards required internally and externally.

Qualifications

• A strong background in Central Compliance and/or Compliance advisory roles.
• Good technical knowledge of a wide range of regulatory requirements.
• Excellent verbal and written communication skills with experience in liaising with senior management.
• Practical knowledge of highly relevant areas of compliance regulation and processes, as they apply internally to colleagues, e.g., Conflicts of Interest, Gifts and Hospitality, P.A Dealing, Financial Promotions, Outsourcing, etc.
• Demonstrated skills and experience to operate with minimal supervision, with aptitudes to evolve the role and the effectiveness of a Compliance function.
• Demonstrated interest in regulatory affairs, including relevant current affairs and maintaining appropriate sources of information and networks.

Desirable

• Professional qualifications in the field of Banking and/or Financial regulation would be beneficial, but not essential. There will be opportunities for supporting continued educational development in-role.
• Knowledge and experience of SMCR requirements.

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email [e-mail] or request a call back.

About us

At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.

To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers

To find out more about life at Close Brothers: https://www.closebrothers.com/life-close-brothers#374017299-899295541

To find out more about our benefits: https://www.closebrothers.com/employee-benefits

To find out more about our commitment to creating an inclusive environment: Our Responsibility - Diversity and inclusion … Close Brothers Group

The Company

At Close Brothers Group, we are all connected by our mission to be the best place in the UK for wealth professionals and their clients.

We believe that everyone should think ahead, have a financial plan and invest wisely. Our clients are professionals, business owners, individuals, charities, families, and employers, who rely on our clear financial advice and investment management services to preserve and grow their long-term savings and investments.

We are a team of about 900 people based in 15 offices across the UK. Our geographic footprint means we can combine a local approach with face-to-face services to enable strong, long-term relationships with our clients.

Sustainability is fundamental to our purpose and we have a responsibility to help address the social, economic and environmental challenges facing our business, colleagues and clients. We strive to do the right thing and are dedicated to helping the charities that matter most to our people.

Our vision is to develop an open and inclusive company that ensures everyone is valued, respected and included, so that in years to come our business will represent a diverse and inclusive workforce from the top down.

We look to recruit individuals from all different backgrounds. If this job is of interest to you but you do not meet every criteria then we encourage you still to apply as we are open to providing training opportunities. As an early adopter of hybrid working we are open to discussing all types of flexible working options, helping you to balance your work and home life.

Benefits

• Private medical
• Discounted health checks
• Stakeholder pension contribution
• Cycle to work scheme
• Gym discounts
• Purchase additional holiday