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Senior Compliance Monitoring Officer

  • Location: City of London, United Kingdom
  • Salary: £80,000 per year
  • Job Type:Permanent

Posted 28 days ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Contact Email:
  • Expiry Date: 20 September 2021
  • Job Ref: ET/17891

MERJE are currently working with a leading Retail Bank in the search for a Senior Compliance Monitoring Officer. 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.


Key responsibilities:


• To execute the Compliance Monitoring Plan

• To undertake the risk assessment on an annual basis

• To report timely and create MI relevant to fulfil the bank’s risk assurance obligations

•To act as a subject matter expert on risk mitigation and manage the management actions in a timely, sound, and pragmatic way

•To assist the Head of Compliance with breach management including providing expertise in remedial activity if required

•To participate in the maintenance of the bank’s Central Risk Register

• To manage relevant Compliance registers

•To proactively act to keep all Compliance assurance activities relevant and mindful of emerging risks and regulatory requirements


The role holder will be given wider team management responsibilities which include:


• To promote a culture of compliance and to present Compliance as a function to the wider bank with clarity of purpose

• To manage, create or update, the policies and procedures that are owned by the Compliance team and those relevant to the activities of the team

• To aid in the function’s strategic planning and decision making

• To maintain the Compliance data repositories and relevant intranet sites



Necessary experience or qualifications:


• Demonstrable experience as a senior member of a Compliance monitoring or assurance team

• 5 years’ experience in independently conducting risk assessments and assurance reviews

• Understanding of effective breach management including the follow up of management actions

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

• 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