Job Description: Senior Compliance Manager
Location: London, UK
Reporting to: Head of Compliance
Key Responsibilities:
*Assist the Head of Compliance (HoC) in executing the Compliance Plan (CP) and Compliance Monitoring Programme (CMP).
*Deliver compliance activities as agreed with the HoC and MLRO.
*Conduct file reviews across multiple business lines, ensuring compliance with PRA and FCA rules, including COBS, BCOBS, MCOBS, CASS, CONC, SYSC, SUP, DISP, and GDPR.
*Provide compliance oversight for private banking products and services, including discretionary management, investment advice on collective investment schemes, and advisory services for HNW and UHNW clients.
*Identify regulatory risks, control failures, and issues, and propose action plans with clear timelines and ownership to remediate them.
*Undertake compliance risk assessments in line with the three lines of defence model.
*Undertake thematic reviews related to compliance and financial crime prevention.
*Produce accurate written reports with records of findings, classified issues, and agreed action plans.
*Complete regulatory reporting and provide input into projects as required.
*Maintain and update compliance policies, including those on suitability, complaints handling, conduct risk, client assets, conflicts of interest, inducements, personal account dealing, and gifts & entertainment.
*Deliver training sessions and provide guidance to ensure the team’s compliance knowledge is current and comprehensive.
*Liaise with senior managers and wider stakeholders to embed a strong compliance culture within the organization.
*Engage effectively with regulatory bodies as required.
*Undertake additional compliance responsibilities as agreed with the HoC.
*Strong experience in compliance within private banking or wealth management, including working with investment products and advising HNW and UHNW clients.
*Experience in compliance and financial crime prevention thematic reviews.
*Knowledge of Training and Competency (T&C) frameworks in private banking is advantageous.
*Strong knowledge of FCA regulatory requirements, relevant handbooks, Consumer Duty, and upcoming regulations.
*Familiarity with Middle Eastern client markets and regulatory nuances is an advantage.
*Proficient in compliance risk assessments and understanding the three lines of defence.
*Strong analytical and problem-solving skills, with the ability to provide independent solutions.