Compliance Officer
Job Details
Full Job Description
We are inviting applications for compliance officer position for an international bank based in city London . This is a 6 months contract to start immediately.
Key Responsibilities:
- Performing Compliance Risk Assessments
- Second line oversight of the Bank's compliance with the applicable law, regulations and internal policies
- Developing and implementing a Compliance Monitoring Programme (CMP)
- Performing second line oversight reviews in line with the CMP
- Issuing Compliance Review reports to the respective SMFs, HoDs and BMs
- Reporting the key findings from Compliance Reviews to the relevant governance committees
- Tracking and follow up of implementation of the recommended actions as per the Compliance Reviews
- Assisting the Chief Compliance Officer (CCO) and the Compliance Managers (CMs) for managing the regulatory communications
- Maintaining a tracker of regulatory communications
- Assisting the Compliance Managers (CMs) for developing and updating the Regulatory Mapping and Horizon Scanning trackers
- Advising and supporting the business and support functions on Compliance matters including legal and regulatory obligations
- Performing administrative tasks related to the Compliance departments
- Responding to the Internal and External auditors on Compliance matters
- Updating and reporting of Compliance breaches
- Developing, reviewing and updating the policies, procedures, and other governance documents of Compliance function
- Second line review of policies and procedures pertaining to business and support functions
- Compile monthly/quarterly/annual MI to Parent Office based on Mis submitted by Branches/Departments (manual and through online systems of Bank)
- Follow up with business and support functions for submission of MI and other information.
- Assist in preparing background papers and MI for management committee board committee meetings
- Assist the DPO in development, implementation and review of the Data Protection framework
- SMCR governance and oversight
Any other projects and tasks related to Compliance matters delegated by the CCO or CMs
Individual Conduct Rules
Rule 1: You must act with integrity
Rule 2: You must act with due skill, care and diligence
Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators
Rule 4: You must pay due regard to the interests of customers and treat them fairly Rule 5: You must observe proper standards of market conduct
Rule 6: You must act to deliver good outcomes for retail customers
Skills / Competencies required :
- Understanding of compliance risks across the business
- Industry experience to understand how Compliance regulations apply to financial institutions
- Awareness of the risks and responsibilities involved
- Knowledge of Regulatory Framework applicable to both the UK entities of the bank
- Knowledge of monitoring regulatory developments that may impact the bank
Compliance Officer
Quantum Group
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