Compliance Monitoring Analyst - £55k

  • £55K
  • London, England, United Kingdom
  • Permanent, Full time
  • Holmes Search
  • 18 Oct 18

Compliance Monitoring team is part of the Compliance function and plays a vital role in monitoring compliance with regulatory, legal, ethical, conduct and best practice requirements by carrying out a formal risk-based programme of independent compliance monitoring reviews as part of the annual Compliance Monitoring Plan and by conducting periodic testing as part of an ongoing Compliance Assurance Programme. This is a London based role paying up to £55,000

Job Purpose

To execute periodic testing as part of the Compliance Assurance Programme and to conduct Compliance Monitoring reviews in accordance with an annual Compliance Monitoring Plan approved by the Board Risk Management Committee.


Key   Responsibilities


Reporting to and working closely with the Head of Compliance Monitoring in London, responsibilities will include:

Executing periodic Financial Crime and Regulatory Compliance Policy and Control testing and deep-dive thematic and desk Compliance Monitoring reviews in accordance with the compliance monitoring methodology. This will include:

Analysing applicable regulatory requirements;
Developing understanding of Bank’s compliance and regulatory risk management processes, procedures and controls;
Testing the adequacy and effectiveness of the Bank’s control frameworks for compliance with applicable regulatory requirements;
Preparing work papers to support the testing and review work performed and the conclusions reached;
Working with Business and Compliance colleagues to ensure that remediation plans are agreed for any control weaknesses identified;
Documenting the results of the review and testing in a formal report for senior management and Board Risk Management Committee;
Following up agreed corrective actions to ensure issues have been appropriately addressed;
Carry out other ad hoc reviews and investigations as requested by management.

Supporting the preparation of the annual risk-based Compliance Monitoring Plan and maintenance of the supporting compliance monitoring planning methodology.
Assisting in the development of a Compliance Assurance Programme that will expand the scope of the periodic testing of processes and controls.
Assisting in the development of the Compliance Monitoring testing library.
Engaging with members of various Business departments, Operations, Compliance and IT based in London and in international locations as part of the review and testing mandate.
The position is based in London. There may be an occasional need to undertake assignments in overseas offices.



Preferred Qualifications and Experience



2+ years of previous practical compliance monitoring or assurance experience – particularly risk based and thematic reviews or periodic testing of processes and controls;
Degree and/or industry qualification an advantage;
Alternatively a background in audit or operational risk would be desirable;


Knowledge, technical skills and experience:

Investment and Corporate Banking product and services knowledge;
Good knowledge of UK regulatory requirements and FCA Handbook;
Good undestanding of risk and control;
Analytical mathematical;
Good process improvement skills;
Strong report writing skills;
Good stakeholder management.


Personal attributes:

High level of integrity;
Excellent attention to detail;
Builds good relationships;
Hardworking, reliable and team-player


The role would suit someone who is:

A self starter;
Able to navigate complexity;
Logical thinker;

Able to see the big picture while paying attention to detail