Senior Compliance and AML Officer

Role Purpose

The purpose is to ensure execution of the regulatory compliance arrangements including the provision of advice and ensure that Zenith Bank (UK) Ltd (“ZBUK”) operates within a strong and positive compliance culture. Working with the CCO to develop, implement and monitor compliance monitoring, strategy and policy for ZBUK; and to support the CCO in overseeing the evaluation, measurement, monitoring and management of regulatory risks enterprise wide. In addition, to ensure the Bank’s regulatory framework remains robust and ensure all returns and policies are tracked. Ensure that the compliance policies comply with legal and regulatory requirements.

Key Tasks and Duties

Day to day management of regulatory compliance- Tasks & Duties

• Review regulatory updates from multiple Regulators and communicate to the relevant teams across the Bank
• Provide management transparency and overall assurance in the Regulatory return process within Zenith Bank, DIFC and Paris branches through thoughtful presentation of dashboards, regular reports, and ad-hoc management information as needed.
• Provide advice on any regulatory matters and/or regulatory communications
• Review of regulatory returns across the Bank including Dubai and Paris Branches to ensure accuracy of the data presented.
• Monitor, review and track all policies for the Bank including multiple jurisdictions of UAE and France
• Keep abreast, analyse, and communicate policy and market developments in regulatory reporting to relevant stakeholders including senior management on a timely basis.
• As part of the 2nd LoD role, review, and challenge all the regulatory returns (and the processes that underlie their production) required for the Bank of England, the Financial Conduct Authority, and the Prudential Regulation Authority (among others).
• Review and approval of new communications and financial promotions
• Assisting the CCO with the Weekly Compliance Update to Exco
• Undertaking a weekly review of Risk Events to scan for potential complaints
• Undertaking a weekly review of a sample of Treasury dealer chat messages
• Undertaking a monthly review of the Complaints Register
• Undertaking a 2nd line check of the monthly ISEM prepared
• Undertaking a monthly review of the Management Responsibilities map
• Undertaking a quarterly review of investment documentation obtained from our clients
• Undertaking a quarterly review of client MiFID categorisations
• Undertaking a quarterly review of investment trades for suspicious transactions
• Undertaking a quarterly review of Personal Account Deals for unusual price movements
• Undertaking a quarterly review of CASS Reconciliations
• Undertaking a quarterly review of expenses claims
• Undertaking a quarterly review of hold mail
• Undertaking a quarterly review of the gifts and hospitality register
• Undertaking reviews of suitability of personal recommendations at appropriate intervals
• Coordinating the annual gifts/hospitality and Personal Account Dealing undertakings
• Assisting the CCO with the preparation of the Quarterly Board Regulatory Update
• Assisting the CCO with the ACC Update on changes to policies and procedures
• Undertaking a quarterly review of staff routinely in contact with the regulators
• Undertaking a quarterly review of potentially obsolete staff records
• Submitting the Professional Standards Data Report to the FCA
• Submitting the annual Fee Tariff Data Report to the FCA
• Preparing the CASS 10 Review and Custodian Selection for the Board
• Preparing the CASS 10 Annual Compliance Report to the Board
• Undertaking the Annual CASS6.3 Review of Custodians
• Undertaking the annual review of CASS Procedures
• Undertaking the annual review of CASS Reconciliation Frequency rationales
• Undertaking an annual review of relevant manuals, procedures and policies, including the Compliance Manual, Regulatory Investment Manual, CASS Manual and Accountability Policy.
• Undertaking an annual review of the Bank’s Execution Policies
• Preparing and submitting all regulatory returns to the FCA
• Working with the CCO to complete the annual Compliance and CASS Risk Assessments

(The list of Compliance Routine Tasks is non-exhaustive and will be updated from time to time in line with the Bank’s requirements in relation to identified emerging risks and industry/regulatory trends.)

• Working with the CCO to ensure that the Compliance Monitoring Programme, Routine Compliance Tasks Schedule and Risk Register reconcile and remain appropriate and up to date
• Keeping up to date with relevant legislative and regulatory updates and ensuring these are implemented within the Bank’s systems and controls
• Providing advice and guidance to other departments on regulatory matters
• Working with the CCO to facilitate the development of a compliance culture which is conducive to minimising the risk of regulatory failure and the resultant reputation damage
• Taking action to remedy any breaches that occur
• Maintaining an interest and involvement in broader Compliance Department knowledge and activities for the purposes of assisting the CCO and & Deputy Compliance Manager as and when required.
• Assisting the CCO and with other matters that may arise from time to time.

Experience and Education

• Minimum of 4 years of relevant industry experience.
• Good knowledge of the legal and regulatory framework and the regulatory environment.
• Good knowledge of financial services products.
• Sound generalist compliance knowledge.

Skills and Competences Required

• Excellent team working and interpersonal skills.
• Ability to balance business/market needs with regulatory and reputational risk.
• Excellent oral and written communication skills.
• Assertive and persuasive, with the ability to challenge but retain colleagues support.
• Strong organising, planning and prioritising skills.
• Ability to work under pressure.
• Ability to analyse and interpret complex information.
• Ability to work on own initiative.
• Ability and willingness to take on new tasks.
• Ability to meet deadlines and achieve agreed targets.
• Ability to be flexible and adaptable to changing demands.
• Investigative and questioning nature.

This is a permanent position paying up to £75,000 based on experience

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