Banking And Finance jobs in United Kingdom

Department Overview

UK Compliance is responsible for the provision of compliance support and expertise to the Wholesale Banking business based in the UK. The UK Compliance Head of the Department is also responsible for compliance oversight in EMEA, thus the role also involves an element of coordination across WB EMEA Region (ie UK, Middle East, France, Switzerland, Austria, Ireland, Ukraine, Bulgaria, Czech Republic, Hungary, Slovakia).

Key responsibilities include ensuring the business meets Bank Charter and Framework deliverables; actively contributing to the digitisation and simplification agenda; providing proactive compliance advice to the business; monitoring of compliance risks; active involvement in the identification and mitigation of compliance risks.

Candidate Profile

Qualification/Education

Essential :

• Tertiary qualifications in Law, Economics or relevant field.

Desirable:

• Relevant industry qualifications

Experience/Knowledge

Essential:

• At least 3 years’ experience working in a financial markets advisory/compliance role, or equivalent.
• Data analytics software packages and RegTech solutions, such as PowerBI, Cognos, Corlytics, iRisk (OpenPages).
• Ability to support the change agenda within Compliance and Risk

• Can understand business requirements and implement the necessary processes to deliver quality outputs

Desirable:

• Experience / knowledge of:
  • UK regulatory environment
  • Non-Financial Risk Management exposure, including competence in IBM Open Pages or similar

Main Duties and Responsibilities of Role

The Integrated Compliance (IC) team is responsible for performing activities that support the other Compliance units (i.e., Financial Crime Compliance, Compliance Conduct & Ethics, Compliance Quality Assurance), and ensuring alignment of Compliance Risk Management across EMEA as far as possible. Integrated Compliance has responsibility for performing several processes: Compliance Risk Assessments; providing MI and data analytics; Whistleblowing; planning & budgeting; and business management activities.

The IC Compliance Officer UK & WB EMEA (“the Officer”) reports to IC UK & WB EMEA Lead (“the Lead”). The Lead also works in close co-operation with the Global Wholesale Banking Integrated Compliance Officer and the wider WB Integrated Compliance Community. On regional level for EMEA, the Officer will support the Lead in co-ordinating the reporting on Compliance Risk Management governance and framework activities, including analysis of data and trends for reporting to key stakeholders.

The Integrated Compliance Officer will be expected to build good relationships within the wider WB Compliance Community.

In this role, you will strengthen the Integrated Compliance (IC) function, and in particular support the simplification and data & digitisation agenda. In helping to deliver the IC priorities for WB EMEA, you will focus on (1) using data analytics for creating accurate and complete management information to steer and drive decision-making, (2) coordinating inputs into initiatives across WB EMEA Compliance and (3) liaising closely with the WB and Global IC teams.

Core Tasks & Responsibilities

• Assist the Lead to operationalise Compliance risk management processes led by IC.
• Support local resource planning and budgeting activities.
• Support UK and WB EMEA Compliance colleagues with activities set out in the Compliance Risk Management Cycle.
• Co-ordinate UK and WB EMEA Compliance input and report on requirements to relevant governance forums.
• Provide support and advice to the Lead on status of Compliance Risk Management Cycle deliverables and agreed actions.
• Support the Lead to deliver functional oversight status reporting and analysis covering the implementation and maintenance of compliance policies, procedures, training, compliance chart status, and monitoring plans within the UK, supported by the IC Manager.
• Support the Lead in piloting new initiatives to adopt data analytics in our risk identification and reporting processes
• Co-ordinate, analyse, and report on Compliance Function deliverables for the UK & EMEA Non-Financial Risk Dashboard, and supporting the Regional Head of EMEA in the NFRD process where needed.
• Assist and report on compliance engagement in regulatory and compliance programs (including OneCompliance NEXT).
• Assist the Lead to monitor and track the timely closure of iRisk issues and OneCompliance Functional Objectives (KPIs)

Career Potential

The role itself offers significant scope for growth. The role will also provide the successful candidate with exposure across the businesses in EMEA and across the first and second lines of defence. There is also significant interaction with offshore Compliance colleagues in the Wholesale banking and Corporate risk functions. The successful candidate will have scope to develop their knowledge across the Compliance function, and to progress within the ING Wholesale Banking and Corporate Compliance and Risk functions.

Personal Competencies

Essential:

• Self-starter and who can take initiative
• Clear communicator
• Analytical mindset
• Excellent organisational skills, attention to detail and time management
• Ability to cope with conflicting targets and timeframes
• Supports change and adapts quickly to achieve results

Desirable:

• Willing to get involved in Global initiatives to build networks within the wider ING franchise.

ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead)

For us, success will only be achieved if we act with Integrity.

Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.

ING Privacy Statement

In order to operate ING’s recruitment process, we will collect and store personal data you provide. Please request the privacy statement should you wish to understand how ING UK uses and protects this information and visit our website for more information.