Compliance Officer
City of London
Hybrid – 3 per week in the office
Permanent
£75,000
cer Financial are working alongside a bank who are based in the City of London. They are seeking a Compliance Officer to work with them on a permanent basis.
The responsibilities of the Compliance Officer will include:
- Maintain and embed the Compliance Risk Management Framework across the business.
- Deliver monitoring and testing under the Compliance Monitoring Plan (CMP), including reviews of derivatives and complex products, and escalate findings.
- Promote and oversee compliance with FCA and PRA requirements, fostering a strong compliance culture.
- Design and deliver compliance training (e.g. derivatives, market conduct, regulatory updates).
- Produce, enhance, and report meaningful compliance management information (MI).
- Ensure timely resolution of compliance issues and continuous improvement of reporting.
- Review and update compliance policies in line with regulatory changes, maintaining accurate records (e.g. Riskonnect).
- Strengthen controls in key regulatory areas (e.g. client money, safeguarding, AML, derivatives trading).
- Manage SMF/Certified registrations, Directory Persons, and regulatory attestations (including annual Fit & Proper).
- Review and approve financial promotions and client communications.
- Provide regulatory advice on new products/services and support regulatory reporting and information requests.
- Monitor regulatory developments (e.g. EMIR, MiFID II, SMCR, AMLD) and support implementation.
- Provide compliance advisory support to front office and support functions (derivatives, FX, payments).
- Engage with industry forums and maintain knowledge of best practice in compliance and capital markets regulation.
The successful candidate will have:
- Degree or Equivalent Level. Professional or industry qualification preferred (e.g., ICA, CISI, or equivalent).
- Proven knowledge of UK financial services and the regulatory framework (FCA/PRA).
- At least three years’ experience in compliance, risk management, or a related field.
- Demonstrable knowledge of regulatory and conduct risk.
- Experience with compliance monitoring, policy development, and regulatory submissions.
- Experience interpreting and applying Payment Services Regulations (PSR), including oversight of payment services and e-money activities.
- Familiarity with derivatives regulation, including EMIR, MiFID II, and associated reporting and risk management requirements.
- Capable of enhancing and maintaining risk management systems and controls.