Regulatory Compliance Associate

Your new company

Join a dynamic team as a Compliance and Financial Crime Risk Specialist, where you will play a pivotal role in ensuring the bank meets regulatory expectations. You will work closely with the Head of Central Compliance to execute comprehensive risk assessments and second-line testing and assurance activities.

• Risk Assessment: Lead the annual Business-wide Financial Crime and Compliance and Conduct Risk Assessments.
• Programme Design: Contribute to the design of the Compliance Monitoring and Assurance Programme (CMAP), leveraging market intelligence to implement best practices and relevant controls.
• Programme Execution: Participate in the CMAP, conducting risk assurance testing on various files and transactions, monitoring staff compliance, and overseeing branch communications.
• Collaboration: Build strong relationships with the first line to ensure timely communication and remediation of CMAP findings.
• Suspicious Activity Reporting: Identify and escalate potential suspicious activities to the MLRO or DMLRO.
• Management Information: Produce insightful Management Information (MI) from Risk Assessment and CMAP activities.
• Operational Risk: Engage in the Operational Risk RCSA process and report Compliance Key Risk Indicators (KRIs).
• Project Support: Assist in Compliance and Financial Crime risk management activities and projects.
• System Enhancements: Support the implementation of enhancements to Compliance and Financial Crime systems and controls.

Core Compliance Responsibility:

• Provide policy, tools, techniques, and support to manage conduct and compliance risk in the first line.
• Conduct monitoring and reporting to assess the effectiveness of first-line controls.
• Ensure policies and processes meet legal and regulatory requirements, and collaborate with the first line to implement improvements.

• Education: Bachelor's degree or higher; recognised industry qualification is desirable.
• Experience: Proven experience in a quality assurance testing function within a wholesale banking environment.
• Knowledge: Strong understanding of FCA & PRA Rules, AML regulations, and Wolfsberg Anti-Money Laundering Principles.
• Client Handling: Experience dealing with high-risk clients and related risk factors.
• Technical Skills: Proficiency in payment screening and transaction monitoring systems.
• Communication: Excellent written and spoken communication skills.
• Language: Mandarin language skills are a plus.

• Innovative Environment: Be part of a forward-thinking team that values innovation and continuous improvement.
• Career Growth: Opportunities for professional development and career progression.
• Supportive Culture: Work in a collaborative and supportive environment.

If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

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