Regulatory Compliance Manager

Compliance Professionals; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution is seeking a Regulatory Compliance Manager to oversee compliance monitoring and risk assessment. The role involves ensuring adherence to regulatory requirements, managing compliance programmes, and advising business areas on compliance matters. Ideal candidates will have strong knowledge of FCA handbooks and experience in retail banking.

Qualifications

• Relevant experience in regulatory compliance within a banking firm.
• Strong knowledge of FCA handbooks and related requirements.
• Experience with second line monitoring techniques.

Responsibilities

• Manage and operate the compliance monitoring programme.
• Conduct periodic compliance monitoring from a second line of defence perspective.
• Assist the Head of Compliance in providing advisory services.

Skills

Regulatory compliance

MiFID knowledge

Risk assessment

Monitoring techniques

Mapping regulations

Job description

THE COMPANY: The client is a multi-jurisdictional financial institution offering Private Banking and Real Estate services for both Corporate & Retail Clients. They are seeking to hire a Regulatory Compliance Manager to join their team.

THE RESPONSIBILITIES:

1. Carry out assessments and maintain the mapping table of the regulatory compliance rulebook against the bank’s activities, encompassing all applicable regulatory bodies.
2. Manage and operate the compliance monitoring programme.
3. Manage the compliance risk assessment process.
4. Conduct thematic reviews.
5. Follow up on issues from the Risk & Compliance Committee - maintain a compliance findings tracker.
6. Provide MiFID support.
7. Conduct periodic compliance monitoring from a second line of defence perspective, based on processes and controls identified in the compliance risk assessment.
8. Assist the Head of Compliance in providing advisory services to business areas on daily matters and specific regulatory requirements.
9. Lead the assessment of emerging regulatory issues through the regulatory change working group and horizon scanning.
10. Prepare monthly management information reports on monitoring findings and other compliance matters for governance committees.
11. Assist in logging and investigating compliance breaches.
12. Help investigate and log customer complaints, register gifts and entertainment, personal account dealings, data protection issues, and other compliance-related items.
13. Assist in creating and updating compliance policies and procedures.
14. Prepare various regulatory returns as required.
15. Provide compliance expertise for initiatives or projects within the bank.
16. Support the broader compliance team in daily activities as needed.
17. Promote a compliance culture within the wider business through interactive feedback from monitoring reviews.
18. Deputize for the Head of Compliance as necessary.
19. Assist the bank’s Data Protection Officer to ensure compliance with current legislation.

EXPERIENCE REQUIRED:

1. Relevant experience in regulatory compliance within a banking firm.
2. Experience with retail banking and MiFID is desirable.
3. Strong knowledge of FCA handbooks and related requirements for banking firms.
4. Essential: Strong MiFID knowledge; desirable: Payment Services Regulations.
5. Knowledge of banking operational procedures.
6. Experience with second line monitoring techniques.
7. Ability to map regulations to business activities.
8. Proficiency in monitoring techniques and risk assessment.

For further information, please contact Hannah Tabatabai.