Regulatory Compliance Officer

Regulatory Compliance Officer - £75,000

If you are interested in this candidate, please contact Charlie Watson via email cwatson@cerfinancial.co.uk or call on 0207 626 6065.

00297130

PROFILE:

Detail-oriented and meticulous compliance professional with over 5 years progressive experience in regulatory compliance and 3 years’ experience in financial crime risk management within the banking sector. Holding expert knowledge of control systems management and remediation, conduct risk, and compliance risk assessment. Proficiently manage bank policies and procedures to ensure compliance with legal and internal guidelines. Adept at delivering Compliance Monitoring Plan (CMP) according to regulatory requirements. Expert in conducting regulatory horizon scanning and risk assessment. Looking for a senior compliance role to leverage proven capabilities in regulatory advisory, risk oversight, and compliance framework enhancement.

SKILLS:

CAREER HISTORY:

October 2024 – Present

Banking

Regulatory Compliance Officer

Act as a subject matter expert for regulatory compliance matters, offering advice across business lines on conduct risk and regulatory obligations, including GDPR related matters.
Review Bank-wide policies and procedures against regulatory requirements and best practice.
Undertake regulatory horizon scanning ensuring that all regulatory changes that will impact the Bank are known, communicated (including providing summary and undertaking gap analysis when required).
Develop and implement Compliance Monitoring Plan.
Lead and perform Compliance Monitoring reviews across the Bank.
Draft clear and accurate oversight and monitoring review reports.
Produce high quality monitoring reports outlining issue, root cause, risk rating and agreed actions.
Ensured ongoing compliance with Payment Services Regulations (PSR) across the bank.
Lead the annual business-Wide Risk Assessment (BWRA) for Financial Crime, identifying key ML/TF risks and ensuring alignment with regulatory expectations and the Bank’s risk appetite.
Ensure monitoring and risk actions are tracked within the Bank’s risk management system and appropriately reported to relevant committees.
Build strong relationships with 1LoD to deliver a collaborative working environment between Compliance and the business.
Provide project support across Compliance risk management initiatives.
Lead the annual business-wide Compliance and Conduct Risk Assessments.
Deliver training and guidance to embed a strong compliance culture across the Bank.
Support the Data Protection Officer (DPO) ondata protection matters and queries.
SM&CR oversight, covering Senior Manager Functions (SMFs), Certified staff, and Conduct Rules compliance.

September 2019 – October 2024

Banking

January 2021 – October 2024

Compliance Manager | Conduct Risk

Proficiently revising bank policies and procedures while drafting and implementing practices and changes according to current requirements.
Successfully updating the Compliance Monitoring Plan (CMP) based on current regulatory requirements while presenting updated policies and gaining approval from the Risk Oversight Committee Board (ROC).
Creating training materials while conducting training sessions to impact business growth and employee productivity.
Collaborating with the HR department to follow SM&CR requirements and monitor its procedures while ensuring compliance monitoring of SM&CR.
Planned and executed compliance monitoring reviews end-to-end, including scoping, testing, findings, and remediation tracking.
Demonstrated in-depth knowledge of the UK Payment Services Regulations (PSR) and their practical application within regulated payment institutions
Delivering and evaluating the CMP of the Bank while coordinating with different departments and staff members.
Produced clear monitoring reports outlining issues, root causes, risk ratings, and agreed actions for senior management.
Proactively conducting Regulatory Horizon Scanning to ensure information is propagated accurately by adhering to current applicable laws, regulations and industry guidance.
Overlooking consumer credit agreement loans and remediation process.
Developing periodic reports to ensure efficient compliance monitoring and testing programs.
Review compliance with UK-GDPR and data protection laws, as well as the bank data protection framework, while managing internal data protection activities.
Assigning duties to the Data Protection Officer (DPO), including Subject Access Request (SAR) register maintenance while supporting the DPO to develop and improve the data privacy culture at PNBIL
SM&CR oversight, covering Senior Manager Functions (SMFs), Certified staff, and Conduct Rules compliance.

September 2019 – January 2021

Team Leader | Remediation (Financial Crime)

Optimised team performance by providing feedback and Management Information (MI) to managers at the Risk Oversight Committee.
Developed remediation procedures and maintained a well-defined decision-making, modifying and workflow system.
Conducted a detailed review and remediation of the bank customer base, including retail customers, corporate customers and financial counterparties, to follow the S166 regulation by FCA in 2019.
Responsibly supervised the remediation team while directly reporting to MLRO.
Provided support for escalated issues while serving as a point of coordination between remediation and the KYC team.
Managed overall remediation while performing quality check and compliance checks on new high-risk, standard-risk accounts and PEP.
Oversaw material remediation activities and issues from time to time.
Accurately assigned and prioritised tasks among the remediation team while evaluating individual and team targets were achieved.
Provided training to remediation staff on money laundering regulations while facilitating proper measures to counter the risk of ML/TF.

June 2018 – November 2019

Banking

August 2019 - November 2019

Deputy Money Laundering Reporting Officer

Responsibly managed duties related to Anti-Money Laundering regulations, terrorist financing and fraud prevention.
Performed compiling of SAR information, maintaining PEP register and customer watch list while supporting MLRO in revising and drafting AML procedures.
Proficiently developed and delivered training programs related to AML and fraud prevention.
Provided assistance to deposit and credit departments while addressing general AML and CTF issues and enquiries.
Efficiently monitored money laundering risks, identified problems and provided resolution by complying with processes and regulations.

June 2018 – August 2019

Team Leader | Remediation

Proactively reviewed and monitored remediation decisions while managing the entire process from initial contact to decision-making and record maintenance.
Assigned tasks to the remediation team while monitoring team and individual KPIs.
Analysed transaction reports to evaluate and detect possible money laundering and fraud risks while
Supervised the process of Management Information development and dissemination to senior management.
Provided services for write-up and documentation of client risk assessments.
Collaborated with skilled persons during visits to produce customer files while assuring prompt reviews and corrections were made.

EDUCATION:

May 2004: University

MASTER’S IN ECONOMICS

CERTIFICATES:

Advanced certificate in practical CDD – international compliance association (ICA)
Certificate in global financial compliance – chartered institute for securities & investment (CISI)
Specialist certificate in conduct risk – international compliance association (ICA)
The effective DPO – the data privacy advisory service (DPAS)
SM&CR for support functions – Leaman Crellin consultancy

References Available Upon Request

If you are interested in this candidate, please contact Charlie Watson via email cwatson@cerfinancial.co.uk or call on 0207 626 6065.

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