Back to Job Search

Compliance Monitoring Officer

  • Location: City of London
  • Salary: £60,000 per year
  • Job Type:Permanent

Posted 2 months ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Contact Email:
  • Contact Phone: 07900981572
  • Expiry Date: 26 October 2022
  • Job Ref: ET/19114

Compliance Monitoring Officer required for a leading private bank. The role sits within the Risk & Compliance team, operating in the 2nd Line of Defence reporting to the Head of Compliance

The purpose of role is to ensure that the bank is meeting its regulatory requirements on an ongoing basis in relation to compliance assurance, by executing compliance monitoring reviews and annual risk assessments

What you will bring to the role:

This role requires engagement across a wide range of stakeholders, from the Management Team through to different teams operating in the first, second, and third lines of defence. The successful applicant will be able to demonstrate:

• An ability to engage and influence stakeholders at all levels, by building effective, collaborative, and purposeful relationships, being inclusive and influencing impactfully.

• An ability to apply sound, independent judgement in assessing regulatory risk and experience in devising effective assurance reviews to identify areas of non-compliance

• A mindset of curiosity, adaptability, and excellence, willing to learn and help others to do the same.

• Being determined, motivating and developing yourself and others to achieve stretching goals, being curious and open to new approaches and acting with integrity.

Necessary experience or qualifications:

• Experience in a compliance monitoring or assurance team, with a minimum of 3 years’ experience in independently conducting risk assessments and assurance reviews

• Methodical, proportionate, and risk-based approach to effective compliance monitoring and risk assessment

• Demonstrable experience of effective communication with all levels of stakeholder. Excellent written and presentational skills

• Strong knowledge of FCA Handbooks and PRA Rulebooks, with experience of banking and/or payments regulation

• Demonstrable understanding of the regulation of a UK High Net Worth customer base preferred

• A relevant industry qualification is preferable.

Role Responsibilities:

The principal duty of this role is to independently support the bank to meet its compliance requirements under the oversight of the Head of Compliance

As a member of the Compliance team, the role-holder will bring his/her subject matter expertise on effective compliance strategy and be able to transfer knowledge as part of its value-added approach of risk identification

The relevant responsibilities of the role are:

•Supports Senior Compliance Monitoring Officer in the discharge of their responsibilities

•Undertakes activities specific to Assurance services, including but not limited to:

•Monitoring: Execution of the annual compliance monitoring plan

•Risk Assessment: support production of functional RCSA, produce Compliance Risk MI and reporting (RAS metrics, RCSA outputs, governance reports, monitoring results)

•Breach Management: monitor implementation of Compliance recommendations, maintain breach and exceptions register, produce MI and reporting (incidents and issues, breaches)

•SMCR Management: maintain SMR records (SORs, MRM), support SMR applications, oversee Certification Regime (Directory Persons, Fit & Proper)

•MI & Governance: extracting insightful MI supportive of the bank’s obligation of identifying regulatory risk and weaker spots in the control environment

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities. ​