Compliance Monitoring Analyst

Posted 6 March by KennedyPearce Consulting

Our client, a City based start-up Bank are looking to recruit a Compliance Monitoring Analyst to join their expanding Risk & Compliance department.

Main responsibilities will include;

  • Determine scope and approach of monitoring, testing and surveillance reviews.
  • Conduct fieldwork in line with the agreed test programme and adequately document tests and findings.
  • Develop recommendations for corrective action.
  • Write reports that present review results, articulate the rationale for findings, the risks posed and actions required to address those risks.
  • Continue to educate the business on the role of the Compliance team.
  • Support the Head of Risk and Compliance in researching and understanding changes to the legal and regulatory financial services regime that are pertinent to the Bank.
  • Review and maintenance of policies and procedures to ensure compliance with applicable regulations.
  • Assisting in company secretarial duties with respect to committees and papers.
  • Provide advisory with respect to compliance matters.
  • Support the delivery of Compliance Training to the business, including senior management.
  • Support ad hoc compliance and regulatory projects as necessary.
  • Provide support to the MLRO with respect to managing SARs, fraud investigations, PEPs & sanctions screening, and CDD/AML monitoring reviews, within the second line function.
  • Provide support to the DPO with respect to GDPR monitoring and reporting within the second line.
  • Assist with reviews, reports, metrics, and enhancements with respect to TCF and Conduct Risk.
  • Work closely with legal and documentation functions and other colleagues as required.
  • Support coaching of other compliance staff.

To be considered for this opportunity, ideal candidates must have the following experience & skills;

  • Degree level education.
  • A minimum of 5 years' asset finance or retail banking experience.
  • Monitoring or policy experience in COBS/BCOBS/SYSC/CONC/DISP.
  • Thorough understating of arrears, defaults, recovery, forbearance, responsible lending, TCF, and complaints handling.
  • Good understanding of conduct risks.
  • Some understanding of financial crime risks.
  • Good understanding of regulations and risks affecting the Bank.
  • Working knowledge of financial regulation in relation to FCA handbooks.
  • Ability to influence positive outcomes.
  • Ability to balance regulatory and conduct risks with the needs of a commercial organisation, while maintaining a clear level of independence and challenge.
  • Strong organisational and effective time management skills.
  • Strong investigative and analytical skills.

Reference: 34622757

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