This is a unique and rare opportunity to join a start-up UK Bank in its relative infancy, they are planning to launch in the second half of 2019. They are well backed by an overseas mutual parent who are committed to putting customers, and the community in which they work, at the heart of everything they do. As with any start-up operation, the individuals cultural and behavioural fit is extremely important. They are looking for pro-active individuals who welcome diversity in their role and the challenges of starting a business, it is not all plain sailing and not for the faint hearted. But in return you will have the opportunity to shape the future of a new UK Bank.
Reporting to the Head of Compliance the successful candidate will be responsible for the day-to-day management of the compliance team. An initial “build the bank” focus is required to drive the project to a successful launch.
Primary Responsibilities include:
- Overall responsibility for the development of a coordinated approach to governance and compliance, including conduct risk and ensuring fair outcomes for customers, ensuring compliance with all regulatory and statutory requirements
- Maintain and enhance the Compliance Framework and develop a risk‐based Compliance Monitoring Plan
- Monitor compliance and report compliance breaches or weaknesses and support the business in addressing these
- Maintain and develop compliance reporting and compile MI to the Executive and Board/Board Committees, ensuring that this is adequate and timely
- Ensure compliance approval of all marketing literature, adverts and material
- Maintain awareness of, and communicate regulatory initiatives/changes, providing advice/support in their implementation
- Oversee training throughout the organisation on compliance matters
- Oversee and maintain the regulatory requirements of the Senior Management Framework
- Day to day responsibility for Money Laundering Reporting liaising with the Money Laundering Reporting Officer (MLRO) as appropriate
- Maintain and develop systems and controls relating to financial crime including transaction monitoring, fraud and its prevention
Skills & Experiences required:
- Previous senior compliance experience in a retail banking environment is essential, with specific expertise in respect of loan products, savings products, UK and International Payments
- Knowledge of payments guidelines, scheme rules and regulatory framework, specifically including AML and KYC regulations
- It would be a real advantage if you have worked within an overseas owned UK Bank
- Demonstrable understanding of regulatory issues including GDPR
- Commercial acumen and strategic thinker
- Strong people leadership skills; inclusive and consultative