Assist the Head of Compliance & Legal in the planning and prioritisation of compliance work.
Prepare / oversee and submit the non-financial returns.
Liaise with the Bank's internal auditor in undertaking compliance duties where necessary.
Liaise with Regulators and other appropriate 3rd parties under the direction of the Head of Compliance & Legal.
Assist in all other tasks, periodic, ad hoc, or otherwise, as directed by Line Manager.
Refer issues to Line Manager as required. Review the Bank's operating procedures, both manuals & actual processes, and review management information from a compliance perspective.
Recommend improvements where appropriate and ensure that compliance manuals are kept up-to-date in the light of developing legislation;
Perform gap assessments and work with the business to close out the gaps from these regulations.
Monitor the performance and coverage of the compliance plan and make recommendations for adjustments / improvements to the Head of Compliance & Legal.
Review and update Compliance and other relevant policies and procedures within the organisation.
To meet objectives and deliver appropriate advice / reports / recommendations within agreed timescales.
Ongoing advisory / response to queries from business units on the applicable of existing compliance policies, potential transactions / products and / or changes to processes to ensure compliance with existing regulations, includes queries from Treasury, Corporate & Institutional Banking, Global Loan Syndications & Debt Markets and Operations / Client Services departments;
Develop and maintain strong relationships with other departments and provide appropriate advice on compliance issues. Refer issues to your Line Manager as required.
Identification, interpretation and assessment of forthcoming regulatory developments that may impact the Bank. This covers the regular review of regulatory bulletins, publications and policy announcements; from the UK / European Regulators and various industry trade bodies.
Management and ongoing support to the business (including liaison with external suppliers) for new / recently implemented regulatory compliance projects. This includes: MiFIDII / EMIR regulatory processes, periodic transaction reporting look back reviews, Market Abuse Surveillance, Deposit Protection / SCV file enhancements, Payments (PSD2).
Maintain the Bank's legal risk framework, including existing policies and procedures;
Provide support in overseeing the sourcing of external legal advice when necessary;
Perform annual reviews of the Bank's Legal Panel;
Prepare quarterly legal risk management reports to various stakeholders such as Head Office, Board committees;
Managing the Bank's litigation portfolio using external lawyers.
As the successful candidate you will: -
Be strategically minded, with the ability to think and react quickly to change, negotiate through ambiguity whilst remaining committed to delivery.
Need to be prepared to work in a challenging environment and be comfortable communicating with people of all levels and experience.
Be self-motivated, approachable, able to absorb technical information and eager to both learn and coach.
Possess excellent time management and prioritisation skills.
Be able to balance well the guardianship and client service responsibilities and have a strong appreciation of franchise risk.
Demonstrate up to date knowledge of the PRA / FCA requirements, relevant policy developments, awareness of global regulatory developments, and have an appreciation for the approach of other regulators.
Experience of working in a Compliance Department, at a regulator or in a Regulatory Control Department / similar function of a financial institution.
Compliance issues in wholesale, retail and international banking.
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