Compliance Monitoring and Testing Analyst

London Permanent
  • Small team with broad coverage across the firm
  • Growing compliance team in the UK and Europe

About Our Client

My client is a banking firm with a growing UK & Europe team in London & Dublin. They also have a strong global presence.

Job Description

The Compliance Monitoring and Testing Analyst will:

  • Support of the Monitoring & Testing (M&T) program in the UK & Ireland region.
  • Input into the development and maintenance of the UK and Ireland Compliance testing reviews methodology and associated procedures.
  • Maintenance of the UK Compliance annual and multi-year testing plan.
  • Creation, maintenance and review of the UK Compliance monitoring log and review of the effectiveness of the monitoring.
  • Under the oversight of the line Manager M&T, plan and conduct desk-based compliance reviews to assess the effectiveness of the bank's policies and procedures to identify potential compliance gaps.
  • Under the oversight of the line Manager M&T, on completion of any review agree a clear plan of action for resolution of all identified issues within agreed timescales and ensure that all issues are resolved as agreed.
  • Track, assess and report on the status of remedial action identified within reports until resolved/concluded.
  • Instigate reviews and investigation into regulatory queries and alleged rule breaches.
  • Complete appropriate trend analysis and ensure that findings are clearly communicated.
  • Under the oversight of the line Manager M&T, Conduct appropriate inquiries and investigations to ensure that appropriate corrective actions and/or risk mitigation actions are implemented in a timely manner or are escalated.
  • Under the oversight of the line Manager M&T, Ensure any findings of the testing undertaken are clearly communicated to the Head of Compliance (HoC) and/or senior management of the business divisions as appropriate.
  • Contribute to internal Compliance databases as required.
  • Under the oversight of the team manager M&T, complete monthly management information for the status of the testing plan and the finding/action items in line with the global M&T Program requirements as well as additional local management information requested by the HoC.
  • Keep abreast of UK and European legislation and regulatory developments and assist with the preparation of regulatory change reporting to keep management up-to-date on relevant legal and regulatory developments.
  • Support of the UK Compliance Testing Plan and Reviews Procedure. Co-ordinate input from the global team and other members of UK Compliance.
  • Assist with the formulation of new processes and/or systems to strengthen the controls environment Europe businesses operate within.

The Successful Applicant

The successful candidate will have:

  • Proven relevant compliance, audit or regulatory testing experience in a financial institution or as part of an external consultancy providing these services.
  • Intermediate knowledge and understanding of securities/banking rules, regulations, by-laws, policies and procedures.
  • Intermediate knowledge of UK and European regulatory principles and products.
  • Experience of multiple stakeholder management at mid-senior management level, including stakeholders from the business as well as third party organisations.

What's on Offer

A competitive salary and accompanying financial services package is on offer.

Camilla Hadland
Quote job ref
Phone number
+44 207 645 1417

Job summary

Contract type
Consultant name
Camilla Hadland
Consultant phone
+44 207 645 1417
Job reference