Deputy Head of Compliance- Retail Banking background

Compliance Professionals; City Of London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A banking recruitment agency is seeking a Deputy Head of Compliance to join a leading corporate and retail banking group in London. The role involves ensuring compliance with relevant legislation, overseeing conduct risk controls, and tracking regulatory changes. Candidates should have experience in retail banking and knowledge of the FCA Handbook.

Qualifications

• Relevant experience within a Deputy or compliance manager role in the banking sector.
• Experience in a retail bank or challenger bank is essential.
• Strong knowledge of regulatory compliance and the FCA Handbook.

Responsibilities

• Understanding legislation and PBS and FCA Handbooks.
• Identifying regulatory risks and implementing controls.
• Overseeing conduct risk controls and compliance monitoring.

Skills

Regulatory compliance knowledge

Strong communication skills

People management

Compliance monitoring

Risk assessment

Job description

Overview

THE COMPANY: Our client is an international corporate and retail banking group with a global reach. They are seeking a Deputy Head of Compliance to join them and assist on their retail banking/digital banking product offering.

Responsibilities

• Have a good understanding of relevant legislation, the PRA and FCA Handbooks
• Identifies the regulatory risks the bank faces, mitigating controls and make appropriate changes.
• Ensures that the Compliance RCSAs are complete and up to date.
• Tracks upstream regulatory change
• Help plan, prepare and execute the compliance monitoring programme.
• To oversee and carry out conduct risk controls, monitor the business for conduct risk issues and support conduct risk projects.
• To provide advice and training
• Update policies and procedures as appropriate
• Consumer Duty and TCF obligations.
• The production of the monthly MI
• To act as the point of contact for Data protection matters and support the DPO
• Monitor compliance with the UK GDPR and other applicable data protection legislation
• To undertake breach investigation and reporting into data breaches
• Deliver Data Protection training to staff from time to time.

Experience Required

• Relevant experience within a Deputy or compliance manager role in the banking sector.
• Experience in a retail bank/challenger bank/retail online banking is a must for this role
• Knowledge of current accounts/payments/consumer duty is also essential
• Strong knowledge of regulatory compliance rather than financial crime
• People management experience – previous experience in managing a small team
• Strong communication skills, with the ability to engage effectively with stakeholders at all levels.
• Experience with compliance monitoring, risk assessments, regulatory reporting, or governance frameworks.
• Full understanding of the FCA Handbook

For further information please contact Natalie Eshelby