Associate - Business Unit Compliance Officer
Salary £50,000 - £65,000 per annum
Consultant Emily Pearce
Date posted 13 August 2018 2018-08-132018-10-12 banking UK Robert Walters United Kingdom
Responsible for directing, leading and operating the First Line of Defense’s compliance and supervision program in accordance with the Enterprise Compliance Framework for the following Assessable Units/AUs: • Investment & Corporate Banking (I&CB) (i.e. Investment Banking; Corporate Banking; Global Trade & Banking) • Capital Markets - Operations
As part of the Regulatory Controls Group, the individual will oversee and lead the implementation of processes, policies and controls aimed at achieving and sustaining regulatory compliance with applicable laws and regulatory requirements for I&CB (approximately 60% of the time) and Operations.
Knowledge and Skills
Describe special knowledge, subject matter expertise, accreditation / credentials, professional designations, skills, years of related work experience, human relations skills, type of education or degree needed to be successful on this job.
An undergraduate degree.
3+ years of financial services industry experience with understanding of key functions in an investment bank such as I&CB Front Office, Operations or Compliance.
Good knowledge or prior experience with UK Financial Conduct Authority and/or Prudential Regulation Authority handbooks and regulatory requirements impacting Capital Markets activities, in particular regulations around private/public controls relevant to Investment Banking, Corporate Banking, Global Trade or Global Banking businesses.
Knowledge of investment banking products and applicable regulatory and compliance requirements.
Prior experience in First Line of Defence (1B) or Second Line of Defence (e.g. Operational Risk) capacity is beneficial.
Ability to manage projects to completion while still focusing on BAU deliverables.
Keen attention to detail
Ability to learn and adapt quickly.
Developed written and oral communication skills
Strong interpersonal skills
Ability to work under limited supervision at times
Ability to review, and provide detailed analysis and opinions on applicable regulations.
Capability to independently and proactively service multiple ‘clients.
Ability to advocate persuasively and to negotiate with influence to achieve change in areas without direct reporting status to the incumbent.
Expertise in computer applications including, but not limited to, MS Excel, Word and PowerPoint.
List and describe the major components of work (e.g., strategy, governance, people management, analysis) and the approximate percentage of time spent on each. What action does the job take (e.g., own, execute, support, co-ordinate)? What results or outcomes are expected? Is there anything unique and important to know about what this job accomplishes?
Responsible for delivering the Regulatory Compliance Risk Assessment to determine the regulatory compliance risks for I&CB and Operations ("Assessable Units or AUs"). Approximately 60% of the individual’s time will be spent on I&CB related responsibilities and 40% of the time on Operations.
The individual will be accountable and responsible for:
Building and maintaining a regulatory library for I&CB and Operations
Documenting controls associated with the regulations applying to the AUs, including assisting the heads with developing local policies and procedures
Developing action plans for regulatory issues identified as well as new regulatory developments.
Undertaking the regulatory compliance risk assessments for existing and new rules
Developing and executing a monitoring and testing plan.
Identify and ensure the fulfilment of any compliance related training needs from new regulations or new risks.
Embedding a culture of compliance across I&CB and Operations by ensuring awareness of the ECF.