Compliance Associate Manager

City of London / Hybrid 4/1 split

Permanent

£60,000 - £70,000

cer Financial are working alongside a bank who are based in the City of London. They are seeking a Compliance Assistant Manager to work with them on a permanent basis.

The responsibilities of a Compliance Associate Manager will include:

• Review internal and external business-related documents and templates from a legal perspective providing analysis and feedback as and when required.
• Liaise with third party legal advisors and/or consultants as and when required.
• Review all third party and supplier contracts.
• Work alongside the Compliance Manager in ensuring that the regulatory risks to company activities are identified, measured, monitored and controlled, taking into account the requirements of the annual Compliance Monitoring Programme.
• Assist with the development of best practices in compliance control.
• Ensure the provision of accurate and timely advice and guidance on regulatory issues, business standards, policies and procedures, ensuring the consistency and dissemination of best practices. Supporting the 1st line of defence in embedding best practice in relation to Compliance.
• Annually review, update and robustly carry out the Compliance Monitoring Plan providing challenge to the business/operations where required.
• Ensure that the Compliance Monitoring Plan is aligned with current PRA/FCA regulations, identified products and risks.
• Undertake allocated tasks within the plan to completion and report the findings to the MC and RCC.
• Annual review and update of the relevant Compliance policies and procedures including the Compliance Manual, ensuring that it covers PRA/FCA regulations, identified products and risks.
• Presentation of Compliance Monitoring Plan to the RCC for approval.
• Staying abreast of key regulatory changes to ensure proactive communication with the business and develop/update appropriate policy and framework to reflect the changes.
• Monitor regulatory developments and promote industry best practices, identify and communicate relevant areas to stakeholders and ensure required changes are aligned to company policies, processes and ethics.
• If and when required, provide input in the preparation of the monthly Management Committee reports and quarterly Risk and Compliance Committee reports.

The successful Compliance Associate Manager will have:

• A compliance professional with 5 years of proven background in the compliance and regulatory field.
• Proven experience of policy writing, development and implementation - e.g., Compliance Manual, Financial Crime etc. An understanding of wholesale banking and/or trade finance.
• A good understanding of regulatory rules/laws, industry issues and business operations
• A law degree.
• Relevant academic professional qualifications - i.e., Securities Institutes Diploma in Regulation &Compliance and/or Anti-money Laundering Diploma are also highly desirable.