Compliance Analyst, Regulatory Compliance & Assurance Testing

THE COMPANY:

Our client is a a global banking group with offices based in the City. They are looking to hire a Compliance Analyst to carry out regular compliance assurance and testing for the business.

THE RESPONSIBILITIES:

Governance

• Maintain and embed appropriate monitoring and testing standards and procedures for the Compliance Assurance & Testing team
• Develop and execute the Compliance Monitoring and Testing Plan (CMP) in collaboration with the Senior Manager, Compliance Assurance & Testing
• Ensure all areas of the business are appropriately monitored and any changes to regulations directed by other Compliance teams are incorporated into the monitoring plan
• Support the collation of monthly Management Information (MI) and reports to the GM, Compliance & MLRO, Senior Management and relevant governance committees
• Support the implementation and execution of controls where risks or control deficiencies or gaps are identified

Monitoring and Testing

• Develop and deliver the annual compliance assurance plan based on risk assessments and regulatory priorities.
• Conduct end to end compliance monitoring reviews, including scoping, fieldwork, testing, and reporting.
• Perform thematic reviews on emerging regulatory risks (e.g., financial crime, conduct, consumer duty, market abuse).
• Support the development and maintenance of detailed test scripts that align to internal policies and procedures as well as regulatory requirements
• Test the design and operating effectiveness of compliance controls across business lines.
• Track and validate remediation actions to ensure timely closure of issues.
• Identify and risk rate deficiencies and work with line management on remediation plans
• Deliver timely and accurate compliance monitoring reports that opine on the adequacy of Compliance systems, controls and processes to manage compliance risks

Horizon scanning

• Monitor regulatory developments, consultation papers, enforcement actions, and industry trends across UK, EU, and global regulatory bodies.
• Assess the potential impact of upcoming regulatory changes on the bank’s compliance framework, policies, and control environment.
• Incorporate emerging risks into the annual compliance assurance plan and adjust testing priorities accordingly.
• Work closely with the business to ensure timely awareness and preparedness for new or evolving requirements.
• Produce concise horizon scanning updates and briefings for senior management, highlighting key themes, risks, and recommended actions.
• Use external intelligence sources (industry forums, regulatory publications, trade associations) to benchmark the bank’s readiness against peers and best practices.

Regulatory Compliance

• Maintain up to date knowledge of all relevant regulations and internal policies.
• Review and update departmental policies in accordance with scheduled review cycles.
• Develop and deliver subject specific training materials for Bank wide use.
• Manage key Regulatory Compliance logs and registers, including Conflicts of Interest, Gifts and Hospitality, and Breaches.
• Coordinate and submit FCA regulatory reporting requirements.
• Support internal audits, regulatory reviews, and broader governance processes.
• Champion and embed a strong compliance culture across the organisation.

EXPERIENCE REQUIRED:

• A minimum of 3 years’ experience within a UK financial services environment, gained in a regulatory compliance function or directly with a regulator
• Significant, relevant experience conducting Compliance monitoring and testing for a financial services firm in the UK covering retail and institutional business
• Strong understanding of industry practices and disciplines having implemented and developed compliance monitoring and testing frameworks in the past
• Experience of applying monitoring or audit methodologies within financial organisations
• Must have extensive knowledge of the UK regulatory and financial crime framework with good knowledge of retail/corporate banking operations, products and processes
• Must have an excellent understanding of how a Compliance Assurance & testing programme works

For further information please contact Hannah Tabatabai

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