Risk and Compliance Officer - Bank

Reference

HJ/AR/065030

Sector

Banking, Finance & Insurance

Salary

£40,000 to £50,000 Per Annum

Town/City

Central London

Contract Type

Permanent

Closing Date

06/08/2024

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Risk and Compliance Officer - Bank

Location: Central London (Office Based)

Salary: £40k - £50k +  Corporate Benefits

Job Type: Full-Time

Our client is a leading foreign bank, they are recruiting a Risk and Compliance Officer to join their team. This role will report into the Compliance Manager, however, the Head of Risk and Regulatory Compliance has the overall responsibility of the department.

The Role:

As a Risk and Compliance Officer, you will assist in mitigating the regulatory compliance risks inherent in the bank’s Business. Support and contribute to a positive Regulatory compliance culture within the bank.

Responsibilities:  

  • Report any deficiencies in the Bank’s policies or practices in relation to Compliance to the Compliance Manager and where applicable to the Head of Department.
  • Analyse and keep up to date with regulatory changes and new rules from the FCA, PRA and PSR and educate the business on these.
  • Contribute to the enhancement of the Bank’s risk based approach to Compliance Monitoring.
  • Propose amendments and enhancements to policy and procedures and implement these amendments and enhancements.
  • Report any breaches in the Bank’s policies or procedures and any Regulatory breaches.
  • Assisting in the production of Compliance reports to be reviewed at Senior Management and Board Director level.
  • Providing such other assistance to the Compliance Manager as may be required.
  • Execute the Bank’s Regulatory Compliance monitoring programme.
  • Assist with the design of the Compliance monitoring programme; producing reports and making recommendations; identifying compliance risks associated with the business activities of the bank and proposing mitigation.
  • Follow up on resolution of Compliance issues that may arise from monitoring and any remediation required with clear recommendations and timelines.

Experience Required:

  • Previous experience working as a Risk Officer, Risk & Compliance Officer, Risk & Compliance Analyst, or in a similar role within a Bank
  • Degree-qualified Banker with minimum 2 years of Regulatory Compliance experience within a UK regulated financial institution.
  • Knowledge and understanding of the FCA handbook, the PRA Rulebook and UK regulatory environment including BCOBS and MCOBS.
  • Strong numeric and analytical skills.
  • Experience of credit, market, and operational risk and/or risk administration processes would be preferred.
  • Advanced Microsoft Office skills, particularly Excel.
  • Excellent communication skills, both written and oral.

Important Information: We endeavour to process your personal data in a fair and transparent manner. In applying for this role, Additional Resources will be acting in your best interest and may contact you in relation to the role, either by email, phone or text message. For more information see our Privacy Policy on our website. It is important you are aware of your individual rights and the provisions the company has put in place to protect your data. If you would like further information on the policy or GDPR please contact us.

Additional Resources Ltd is an Employment Business and an Employment Agency as defined within The Conduct of Employment Agencies & Employment Businesses Regulations 2003.

Keywords: Risk Officer, Risk Analyst, Compliance Analyst, Compliance officer, Risk Consultant, Bank, finance

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