Manager - Regulatory Compliance

ZipRecruiter; City Of London; On-site; GBP 75,000 - 95,000; Full time

Job summary

A distinguished financial institution in London is seeking an experienced Manager – Regulatory Compliance to conduct risk assessments and ensure compliance with regulatory requirements. Ideal candidates will have 6+ years in banking and strong communication skills. This permanent role is crucial for the 2nd Line of Defence to enhance compliance structures.

Qualifications

• At least 6 years of relevant experience in banking.
• Experience with regulated mortgages and savings accounts.
• Excellent communication skills in English.

Responsibilities

• Perform compliance risk assessments.
• Conduct gap analysis and remediation planning.
• Maintain an updated Compliance Risk Register.

Skills

Compliance risk assessments

Regulatory requirements

Root-cause analysis

Communication skills

Education

University graduate in relevant field

Job description

Overview

Sponsorship will not be available for this position, therefore 3+ years on visa eligibility to work in UK is essential. Our client, a highly respected Bank, is seeking a Manager – Regulatory Compliance to join their team on a permanent basis. This position forms an integral part of 2nd Line of Defence and the successful candidate will also be performing regular and comprehensive compliance risk assessments according to the approved compliance plan, report on a regular basis on compliance identified breaches and corrective actions taken, as applicable. Under direction, draft the Scope of Regulatory Compliance oversight as part of the annual plan and adhere to the plan by performing reviews and following up on outstanding actions.

Responsibilities

• Determine the processes and sub-processes, including input, processing and output.
• Perform an end-to-end review of each process and determine relevant risks and controls.
• Undertake root-cause analysis to address and mitigate the identified risks and recommend adequate remedial action.
• Facilitate controls gap analysis, remediation planning and testing for all business units.
• Ensure that the controls are efficient and effective, thus maintaining risks at an acceptable level.
• Ensure that the processes are in compliance with regulatory requirements and best practices, at governance, oversight and operational levels.
• Provide counsel and advice to the various functions in view of enhancing the control structure.
• Review the branch’s policies, procedures and systems, before implementation, in order to assess the inherent risks, determine sufficiency of controls, and convey approval.
• Undertake a continuous Control Self-Assessment exercise.
• Maintain an updated Compliance Risk Register detailing the determined Compliance risks.

Qualifications and Skills

• University graduate preferably with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study).
• At least 6 years of relevant experience, preferably in banking within a highly rated international bank. Also experience with regulated mortgages, savings accounts and fixed term deposits.
• Excellent oral and written communication skills (including report writing) in English.
• Awareness of customer relationship practices and regulations.

For more information on this role please contact Sonia Smith by sending your CV quoting ref 16905SS.