Senior Compliance Advisory Officer – MCOBS/CONC
MERJE have partnered with a leading Private bank in the search for a Senior Compliance Advisory Officer within the mortgages or consumer credit space. Experience within Private Banking or HNW individuals is required for this role.
This role will report into the Head of Compliance. The principal duty of this role is to provide day-to-day oversight and monitoring of the regulatory landscape and horizon, to ensure that new and evolving regulation is adequately identified and appropriately disseminated to all key stakeholders in a timely manner.
Key responsibilities:
•Monitor the regulatory horizon for impacts on all aspects of the bank’s business
•Alongside appropriate areas of the business, assess the relevance of new or changing FCA regulation in respect of the bank’s business model – keeping appropriate records of determinations and interpretations
•Track, record and disseminate PRA and other prudential regulatory requirements, and assist, where appropriate on assessing the relevance to the bank
•Disseminate high level summaries and impact information to key stakeholders
•Attend appropriate industry briefing on relevant topics ensuring that outputs from these briefing are then appropriately disseminated to stakeholders within the business
•Maintain and update the library of regulatory developments and all associated documents
•Provide consistent, practical and appropriate reports on the regulatory horizon, in its totality, to all relevant stakeholders
•Provide ad-hoc advisory support to the business in relation to PRA and FCA requirements
What you will bring to the role:
•An ability to engage and influence stakeholders at all levels, by building effective, collaborative relationships
•An ability to apply sound, independent judgement in assessing the regulatory landscape and publications
•A mindset of curiosity, adaptability, and excellence, willing to learn and help others to do the same
•Leadership skills, including supporting and coaching the personal development of others (whether within the direct team or elsewhere in the bank)
•Strong written and verbal communication skills
Necessary experience or qualifications:
•Experience working on legal and regulatory analysis within a UK regulated financial institution
•Strong knowledge of FCA and PRA regulation, with particular focus on banking and payments regulation
•Demonstrable experience of dealing with the regulation of a UK High Net Worth customer base
•Demonstrable experience of effective communication with all levels of stakeholder