Senior Compliance Manager - #2086939

Sterling Williams are supporting a City of London based Bank in their search for a permanent Senior Compliance Manager.

Senior Compliance Manager and Deputy MLRO

Permanent; Full-time.

City of London - currently working onsite 4 days per week

Salary: £Competitive, plus benefits.

Supporting the Head of Compliance and MLRO, you will play a pivotal role in driving regulatory excellence across all facets of compliance. With a ‘hand-on’ attitude, the successful candidate will be entrusted with regulatory advisory, horizon scanning, compliance monitoring programmes as well as deputise for the HoD/MLRO as and when required.

Principal Accountabilities:

• Take ownership of regulatory advisory, offering subject matter expertise on regulatory requirements and escalate to HoD as and when needed;
• Maintain current knowledge of financial crime matters to support HoD/MLRO;
• Improve and implement the annual Compliance monitoring plan ensuring it’s aligned with the bank’s regulatory permissions, industry regulations and internal organisational policies;
• Undertake Horizon Scanning and conducting gap analysis against evolving regulations and staying abreast of key regulatory changes to ensure proactive communication with committees, senior management and business lines, developing and updating the compliance policy and framework to reflect the identified changes or new requirements/rules;
• Supporting the 1st line of defence in embedding best practice in relation to Compliance, Financial Crime, CDD and sanctions screening and ensuring that the 1st line has a clear understanding of compliance risk exposure with respect to clients, transactions and products. Reporting back to business functions on Compliance performance and highlighting areas of concern;
• Ensure the provision of accurate and timely advice and guidance on regulatory issues, business standards, policies and procedures, ensuring consistency and dissemination of best practices;
• Manage the regulatory advice tracker in collaboration with the team to ensure timely delivery of advice, closure of actions, providing solutions to mitigate compliance risk;
• Review and update the Prevention of Financial Crime Manual ensuring that it reflects current JMLSG guidance, FCA Financial Crime Guidance, the Money Laundering Regulations and industry best practice;
• Maintain the customer risk form parameters and review and sign off customer risk assessments;
• Conduct risk-based internal assessments of payments, oversee transaction monitoring and manage remediation plans if required;
• Ensure the bank complies with laws, regulations and internal policies within the compliance framework and that regulatory risks to company activities are identified, measured, monitored and controlled;
• Maintain the register of compliance key risk indicators on a monthly basis, review the customer risk assessments undertaken by the onboarding team and update the customer risk assessment form as and when required;
• Manage staff access and regulatory reporting on the FCA Reg Data portal;

Experience and Skills Requirements of the successful candidate.

• Proven track record in a generalist compliance role with minimum 6-7 years of relevant experience preferably in a wholesale bank;
• Strong knowledge of corporate banking sectors, products, industry issues, market best practice and successful application of compliance frameworks within these areas;
• A degree-level education with preferably additional relevant qualifications;
• Excellent stakeholder relationship skills;
• Proven ability to balance risk considerations with commercial objectives when proposing decisions affect compliance strategy or operations;
• Demonstrate a commitment to collaborative teamwork and a hands-on approach;
• Eligibility to work in the UK on a full-time basis.