Compliance Officer

At United Trust Bank, we believe that people achieve more together than alone. That’s why we’re dedicated to building great relationships, offering tailored solutions, and providing our clients and broker partners with the support they need to go further. This was true when we first opened our doors, and it’s still our approach today.

We are looking to hire a Compliance Officer who will join the team that supports the delivery of the Bank’s Compliance Monitoring Plan and to provide advice and guidance to the business on compliance matters.

This is a hybrid role working 3 days per week in the office (City of London location) and 2 days working from home.

Responsibilities:

This is a generalist compliance role, covering both compliance advisory and monitoring responsibilities:

Compliance Advisory

• Provide first line with regulatory guidance/advice where required, recording, analysing and reporting monthly to Head of Compliance
• Review Bank-wide policies and procedures against regulatory requirements and best practice, completing a gap analysis accordingly, making recommendations for change and monitoring for closure.
• Undertake regulatory horizon scanning ensuring that all regulatory changes that will impact the Bank are known, communicated (including providing summary and undertaking gap analysis when required) and plan for implementation.
• Assessment, approval and recording of financial promotions in line with the Bank policy.
• Preparation and distribution of Compliance and Conduct Management Committee pack including minutes and action log.
• Assistance in the design and delivery of Bank wide Compliance training where required

Compliance Monitoring

• Complete regular Compliance Monitoring engagements in accordance with the annual Compliance Monitoring Plan
• Take the lead in carrying out Compliance Monitoring reviews in accordance with the Compliance Monitoring Procedure
• Ensure testing scripts meet the required specification to enable robust testing to be undertaken
• Produce high quality monitoring reports in a timely manner, clearly the identifying issue, root cause and required actions
• Review and critically appraise evidence presented in support of proposed action closure
• Assist in updating the Compliance Risk Assessment with the output from Compliance Monitoring reviews

Skills and Experience sought:

• Previous experience in a financial services compliance role, ideally in a banking environment
• Competent IT (Word, Excel, PowerPoint) and presentation skills
• Detailed knowledge of PRA/FCA rulebooks in relation to areas of responsibility

Equal Opportunities

We're an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.