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6 month Fixed Term Contract
Job Summary
Our Shariah Banking client is looking for a Compliance Officer to support the Head of Compliance in ensuring the Bank adheres to its regulatory responsibilities by providing appropriate compliance advice and oversight over the Bank's operational environment. This will be provided through advisory support and compliance monitoring reviews.
Key responsibilities
- Provide input and recommendations to the Head of Compliance, or Compliance Manager in relation to the compliance strategy, compliance framework and monitoring plan for the Bank, including in relation to key risks and future potential challenges.
- Collation and validation of MI to inform compliance reporting to Bank committees and senior management in relation to regulatory risk.
- Undertake compliance monitoring reviews (including sample checking and/or Thematic Reviews) to obtain assurance as to the Bank's adherence to regulatory requirements in accordance with the agreed Compliance Monitoring Plan and following the Bank's Compliance Monitoring Methodology.
- Identification of actual and potential compliance risks or breaches that could crystalise across the Bank, reporting via Incident Management process where required.
- Follow up, track and report progress undertaken by fist line (1LOD) in respect of compliance monitoring and audit remedial actions.
- Demonstrate good knowledge of relevant regulations, handbooks, sourcebooks, and industry best practice
- Undertake horizon scanning of new regulatory impacts on the Bank, reporting MI as required. Liaising with affected business areas as required to ensure key changes and risks are understood and mitigated.
- Assist in the investigation of incidents/breaches. Providing advice and guidance to relevant business areas as to the regulatory impact and challenging steps to be taken to mitigate the risks to ensure they are appropriate
Skills required
- Advanced understanding of mortgages and unregulated home finance business.
- Risk awareness of issues identified for escalation, proposing resolutions.
- Regulatory standards awareness
- Strong business report writing and presentation skills.
Beneficial Qualifications:
- ICA (or equivalent) qualification in Compliance, Risk and/or Governance, or working towards.
- Certificate in Mortgage Advice and Practice (CeMap) or working towards.
