Compliance Monitoring Analyst

  • Location

    City of London, London

  • Sector:

    Compliance & Cyber Security

  • Job type:


  • Salary:

    £45000 - £55000 per annum

  • Contact:

    Scott Duerden

  • Contact email:


  • Job ref:


  • Published:

    11 months ago

Our client, a new start up bank based in the heart of the city are looking to recruit a Compliance Monitoring Analyst. Responsibilities will include the below;

Key Responsibilities and Accountabilities

  • Determine scope and approach of monitoring, testing and surveillance reviews.
  • Conduct fieldwork in line with the agreed test programme and adequately document tests and findings.
  • Develop recommendations for corrective action.
  • Write reports that present review results, articulate the rationale for findings, the risks posed and actions required to address those risks.
  • Continue to educate the business on the role of the Compliance team.
  • Support the Head of Risk and Compliance in researching and understanding changes to the legal and regulatory financial services regime that are pertinent to the Bank.
  • Review and maintenance of policies and procedures to ensure compliance with applicable regulations.

Other Responsibilities

  • Assisting in company secretarial duties with respect to committees and papers.
  • Provide advisory with respect to compliance matters.
  • Support the delivery of Compliance Training to the business, including senior management.
  • Support ad hoc compliance and regulatory projects as necessary.
  • Provide support to the MLRO with respect to managing SARs, fraud investigations, PEPs & sanctions screening, and CDD/AML monitoring reviews, within the second line function.
  • Provide support to the DPO with respect to GDPR monitoring and reporting within the second line as Data Champion.
  • Assist with reviews, reports, metrics, and enhancements with respect to TCF and Conduct Risk.
  • Support coaching of other compliance staff.

Required Skills and Experience

  • Degree level education.
  • A minimum of 5 years' asset finance or retail banking experience.
  • Monitoring or policy experience in COBS/BCOBS/SYSC/CONC/DISP.
  • Thorough understating of arrears, defaults, recovery, forbearance, responsible lending, TCF, and complaints handling.
  • Good understanding of conduct risks.
  • Some understanding of financial crime risks.
  • Good understanding of regulations and risks affecting the Bank.
  • Working knowledge of financial regulation in relation to FCA handbooks.
  • Ability to influence positive outcomes.
  • Ability to balance regulatory and conduct risks with the needs of a commercial organisation, while maintaining a clear level of independence and challenge.
  • Strong organisational and effective time management skills.
  • Strong investigative and analytical skills.

We are Social