Perform day-to-day reviews determined by the Compliance Monitoring Plan, produce clear and timely reports highlighting areas of improvement, and track all actions raised.
Strong understanding of MiFID2, EMIR, and FCA and PRA handbooks applicable to the Bank.
Review the Bank's operating procedures, both manuals & actual processes, and review management information from a compliance perspective.
Recommend improvements where appropriate and ensure that compliance manuals are kept up-to-date in the light of developing legislation.
Perform gap assessments and work with the business to close out the gaps from these regulations.
Monitor the performance and coverage of the compliance plan and make recommendations for adjustments/improvements to the Head of Compliance & Legal.
Review and update Compliance and other relevant policies and procedures within the organisation.
To meet objectives and deliver appropriate advice/reports/recommendations within agreed timescales.
Ongoing advisory / response to queries from business units on the applicable of existing compliance policies, potential transactions/products and/or changes to processes to ensure compliance with existing regulations, includes queries from Treasury, Corporate & Institutional Banking, and Operations / Client Services Departments.
Develop and maintain strong relationships with other departments and provide appropriate advice on compliance issues. Refer issues to your line manager as required.
Identification, interpretation and assessment of forthcoming regulatory developments that may impact the Bank. This covers the regular review of regulatory bulletins, publications and policy announcements; from the UK / European Regulators and various industry trade bodies.
Management and ongoing support to the business (including liaison with external suppliers) for new / recently implemented regulatory compliance projects. This includes: MiFID II / EMIR regulatory processes, periodic transaction reporting look back reviews, EU Margin rules, Market Abuse surveillance, Deposit Protection/SCV file enhancements, Payments (PSD2).
Provide bank-wide/tailored Department training to staff; including MIFiD II, EMIR, Market Abuse, Conduct, Deposit Protection and Data Protection.
Assist in identifying compliance-related training needs in the Bank.
Preparation of Bank management reports for the review of the Head of Compliance & Legal (such as to the Governance and Compliance Committee, Risk Committee) and liaison with the Parent Bank.
Assist the Head of Compliance & Legal in the planning and prioritisation of compliance work.
Prepare/oversee, and submit the non-financial returns.
Liaise with the Bank's internal auditor in undertaking compliance duties where necessary.
Liaise with Regulators and other appropriate 3rd parties under the direction of the Head of Compliance & Legal.
Assist in all other tasks, periodic, ad hoc or otherwise, as directed by your line manager.
Refer issues to your line manager as required.
As the successful candidate you will:
Strategically minded, with the ability to think and react quickly to change negotiate through ambiguity whilst remaining committed to delivery.
Need to be prepared to work in a challenging environment and be comfortable communicating with people of all levels and experience.
Be self-motivated, approachable, able to absorb technical information and eager to both learn and coach.
Excellent time management and prioritisation skills.
Be able to balance well the guardianship and client service responsibilities and have a strong appreciation of franchise risk.
Demonstrate up to date knowledge of the PRA / FCA requirements, relevant policy developments, awareness of global regulatory developments, and have an appreciation for the approach of other regulators.
Experience of working in a Compliance department, at a regulator or in a regulatory control department / similar function of a financial institution.
Excellent knowledge of compliance issues in wholesale, retail and international banking;
Excellent knowledge of regulatory rules;
Excellent knowledge of the requirements of the industry codes relating to compliance;
Strong report writing skills;
The term "Bank" in this document refers to ICBC (London) plc and the London Branch of the Industrial and Commercial Bank of China Limited.
Internal Number: 4658941
About ICBC (London) plc
eFinancialCareers is a career site specializing in financial services.