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Risk and Compliance Manager - trade finance

Full Time
Greater London
05-07-2024 02:50 PM

The branch will conduct wholesale business only, for professional and eligible counterparty clients, providing, corporate deposits, commercial loans and trade finance (including FX and interest rate swaps)


You will play a critical role in ensuring the bank’s adherence to regulatory requirements, risk management practices, and ethical standards.

You’ll collaborate with cross-functional teams, senior management, and external stakeholders to maintain a robust risk and compliance framework.

You’ll support the Chief Risk Officer (SMF4), Chief Compliance Officer (SMF 16) and MLRO (SMF 17) in identifying, measuring, managing and monitoring operational risk, credit risk, conduct risk, regulatory compliance risk and financial crime risk.

The key responsibilities are:

  • Representing Risk and Compliance to the business by providing appropriate advice about regulations and compliance related matters across all London Branch business units.
  • Implementing the strategy, codes of conduct, and framework of the Risk and Compliance function within the Branch ensuring its compliance with the Head Office policies and UK legislation, advising and escalating relevant matters to senior management.
  • Ensuring the Branch's compliance policies and procedures are reviewed and updated on a timely basis, incorporating regulatory changes.
  • Reviewing and approving frameworks established for the control of compliance risks, regulatory risks and prudential risks within the Branch and ensure compliance with the applicable regulations.
  • Providing risk and compliance input for new product and system approvals.
  • Monitoring and tracking developments, emerging risks, best practises, and changes in legal and regulatory requirements and their implications for Risk management and control.
  • Developing and implementing a risk-based compliance monitoring plan.
  • Overseeing, monitoring and testing assessments of the first line to ensure business is conducted in line with the risk and compliance policies.
  • Reporting on the findings of testing and monitoring to the relevant committees.
  • Maintaining adequate and effective risk control processes and reporting systems to ensure that all risks of the Branch relating to Risk and Compliance matters are correctly identified, assessed, managed, and reported as required by the Risk Management Framework.
  • Carrying out impact analysis and providing practical solutions in respect of requirements arising from the implementation of PRA and FCA Regulations; and any other applicable regulatory developments in respect of new and existing businesses
  • Completing any required assigned internal training in full and on time.
  • Reporting to the SMF4/16/17 on all aspects of the Branch's risk and compliance matters.
  • Monitoring the day-to-day operation of Branch’s anti-money laundering policies and procedures.
  • Responding promptly to any reasonable request for information made by the Regulator.
  • Receiving and reviewing anti-money laundering reports made by staff.
  • Taking reasonable steps to access any relevant know your business information.
  • Ensuring the customer onboarding process sufficiently considers key AML factors to mitigate financial crime risks.
  • Taking reasonable steps to establish and maintain adequate arrangements for awareness and training

Experience required:

  • Regulatory experience of the UK regime for operational risk, credit risk, regulatory compliance and financial crime in wholesale/business banking for corporate clients
  • Product Experience of corporate deposits and loans, trade finance, FX and interest rate swaps
  • Able to work with cross-functional teams in complex, changing environment as the branch becomes operational, to deliver value-added results.
  • Able to coordinate deliverables across geographical locations and lines of business

Essential criteria:

  • Willing to work 100% from the office
  • Experience of Trade Finance

James Willacy

Managing Director

07917 004020