Manager, Compliance Risk and Assurance

Compliance Professionals; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A multinational corporate banking firm in London seeks a Compliance professional to lead financial risk assessments and compliance assessments. Responsibilities include executing the CMAP plan, maintaining relationships with various departments, and participating in external compliance forums. The ideal candidate will have strong 2LoD Assurance experience in a wholesale banking environment, effective communication skills, and a detail-oriented mindset.

Qualifications

• Experience working in a wholesale banking environment is required.
• Ability to communicate effectively, both written and spoken.
• Strong analytical and problem-solving skills.

Responsibilities

• Contribute to the Financial Crime Business-wide Risk Assessment.
• Lead the execution of the CMAP plan.
• Develop relationships with first and third lines of defense.

Skills

2LoD Assurance & Testing experience

Knowledge of FCA & PRA Rules

Strong communication skills

Analytical skills

Attention to detail

Job description

Overview

THE COMPANY: Our client is multinational Corporate banking company, with branches worldwide.

Responsibilities

• Direct contribution to completion of the annual Financial Crime Business-wide Risk Assessment (BWRA) and Compliance and Conduct Risk Assessment (CCRA) process, and identify and implement appropriate controls to detect, prevent and mitigate risks identified
• Carry out the written annual CMAP plan and lead the CMAP, working with the CR&A team to ensuring such programme is executed upon schedule; or if schedule needs changing, work with Head of Central Compliance and Head of Compliance to agree any change
• Participate in the timely execution of the CMAP plan. Activities include, but are not limited to a thematic review of Anti Bribery and Corruption (ABC), testing critical aspects of the Market Abuse controls for reasonableness (Voice Recording), Gifts &Entertainment testing, Bloomberg Vault monitoring, FSCS eligible client classification and providing concise, timely and accurate written reports highlighting issues and recommendations for improvement / remediation actions
• Develop and maintain good relationship with both the 1LOD and 3LOD to ensure that CMAP findings are communicated and remediated in a timely manner
• Participate in maintenance of the risk assessment and CMAP methodologies to keep them in line with industry better practice
• Lead production and review of Management Information (“MI”) from the Risk Assessment and CMAP activities
• If required, attend the Compliance Forum and present CMAP and risk assessment reports and findings to committee
• Participate in the Compliance Department’s input into the Operational Risk RCSA process
• Represent the Bank at trade associations and other external compliance forums as necessary
• Participate in ad-hoc projects as directed by the Head of Central Compliance or the Head of Compliance
• Assist with implementing enhancements to Compliance and Financial Crime systems and controls

Experience Required

• Requirement to work in the City Office 4 days per week
• Good experience of participating in a 2LoD Assurance & Testing in a wholesale banking environment
• Good knowledge of the relevant FCA & PRA Rules, guidance, enforcement actions and relevant UK AML Regulations, Sanctions Regime, Fraud, Bribery Act
• Ability to develop strong working relationships with staff across all levels
• Attention to detail with strong analytical and problem-solving mind-set
• Highly effective communication skills (written and spoken)
• A strong sense of accountability, of knowing what you are responsible for and proactively delivering it

For further information please contact Hannah Tabatabai