Risk & Compliance Officer
other jobs REV & REGS LIMITED
Added before 6 Days
- England,London,City of London
- Full Time, Permanent
- £45,000 - £55,000 per annum
Job Description:
Full job descriptionRev & Regs are recruiting for a new ’Risk & Compliance Officer’ role on behalf of an International Retail & Wholesale Bank in London.
Role Overview:
The Risk and Compliance Officer will support the Risk and Compliance Managers in identifying, assessing and mitigating prudential, regulatory and compliance risks across the organisation. The role will contribute to a strong risk culture and support compliance with FCA, PRA and other applicable UK regulatory requirements.
Key Responsibilities:
Prudential Risk:
*Coordinate the MRCC monthly meeting, including agendas, minutes, stakeholder updates and KRI reporting.
*Prepare monthly Risk and ALMAC reports, covering LCR, CAR, Leverage, IRRBB, FX, NSFR and weekly stress-testing analysis.
*Support the development and maintenance of the ICAAP, working with Finance, Credit Risk and relevant stakeholders.
*Maintain, test and update the model inventory and assist with model risk assessments.
*Contribute to reviews of Pillar 3 disclosures, Risk Management policies and procedures.
Regulatory Compliance:
*Support the development and delivery of a risk-based Compliance Monitoring Plan, including monthly monitoring reviews, reporting and MI.
*Identify and escalate policy, regulatory and compliance breaches, supporting remediation and resolution within agreed timelines.
*Assist with the development of Compliance reports for Senior Management and the Board.
*Conduct regulatory horizon scanning, maintaining the regulatory register and highlighting relevant developments and risks.
*Identify compliance risks arising from business activities, recommend appropriate mitigating actions, and monitor completion of remediation.
*Support the review and enhancement of compliance policies, procedures and practices.
Regulatory & Conduct Requirements:
*Maintain an understanding of and comply with the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
*Support obligations under Consumer Duty, where applicable to retail customers, products or services.
*Demonstrate the required SM&CR Individual Conduct Rules, including integrity, due skill and care, regulatory openness, fair treatment of customers and delivering good customer outcomes.
Knowledge & Experience:
*Degree-level qualification, ideally with banking/financial services experience.
*Minimum 2 years’ experience in Risk and Regulatory Compliance within a UK-regulated financial institution.
*Proven experience delivering or supporting bank-wide prudential risk and regulatory compliance monitoring programmes.
*Strong knowledge of the UK regulatory environment, including the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
*Strong numerical, analytical and risk assessment skills.
*Advanced Microsoft Office skills, particularly Excel.
*Excellent written and verbal communication skills.
Location: London Office - 5 days a week
Role Overview:
The Risk and Compliance Officer will support the Risk and Compliance Managers in identifying, assessing and mitigating prudential, regulatory and compliance risks across the organisation. The role will contribute to a strong risk culture and support compliance with FCA, PRA and other applicable UK regulatory requirements.
Key Responsibilities:
Prudential Risk:
*Coordinate the MRCC monthly meeting, including agendas, minutes, stakeholder updates and KRI reporting.
*Prepare monthly Risk and ALMAC reports, covering LCR, CAR, Leverage, IRRBB, FX, NSFR and weekly stress-testing analysis.
*Support the development and maintenance of the ICAAP, working with Finance, Credit Risk and relevant stakeholders.
*Maintain, test and update the model inventory and assist with model risk assessments.
*Contribute to reviews of Pillar 3 disclosures, Risk Management policies and procedures.
Regulatory Compliance:
*Support the development and delivery of a risk-based Compliance Monitoring Plan, including monthly monitoring reviews, reporting and MI.
*Identify and escalate policy, regulatory and compliance breaches, supporting remediation and resolution within agreed timelines.
*Assist with the development of Compliance reports for Senior Management and the Board.
*Conduct regulatory horizon scanning, maintaining the regulatory register and highlighting relevant developments and risks.
*Identify compliance risks arising from business activities, recommend appropriate mitigating actions, and monitor completion of remediation.
*Support the review and enhancement of compliance policies, procedures and practices.
Regulatory & Conduct Requirements:
*Maintain an understanding of and comply with the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
*Support obligations under Consumer Duty, where applicable to retail customers, products or services.
*Demonstrate the required SM&CR Individual Conduct Rules, including integrity, due skill and care, regulatory openness, fair treatment of customers and delivering good customer outcomes.
Knowledge & Experience:
*Degree-level qualification, ideally with banking/financial services experience.
*Minimum 2 years’ experience in Risk and Regulatory Compliance within a UK-regulated financial institution.
*Proven experience delivering or supporting bank-wide prudential risk and regulatory compliance monitoring programmes.
*Strong knowledge of the UK regulatory environment, including the FCA Handbook, PRA Rulebook, BCOBS and MCOBS.
*Strong numerical, analytical and risk assessment skills.
*Advanced Microsoft Office skills, particularly Excel.
*Excellent written and verbal communication skills.
Location: London Office - 5 days a week
Job number 4203560
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