Compliance, Transaction Banking Compliance, Analyst, London London, England
Job description
Global Compliance
Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.
Regional Coverage
Seat will be in London. Coverage will be primarily UK/Europe, with opportunities to work with global team members in Asia-Pacific and the United States.
RESPONSIBILITIES AND QUALIFICATIONS
Your impact
Candidate will work as part of the Transaction Banking Compliance team (“TxB Compliance”) with a primary focus on compliance matters related to the firm’s Transaction Banking business. Transaction Banking is a cash management and payments platform for clients building a corporate treasury system. The business aims to build a modern and digital-first transaction banking solution to serve our clients, combining the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up.
The TxB Compliance team works to protect our clients and the financial markets and ensure that Transaction Banking cash management and payments systems as well as any new business activities meet the requirements set out in our compliance management system and applicable regulation.
How you will fulfil your potential
- Identify compliance risks associated with business processes and practices in areas related to cash management and payments
- Develop and implement policies, procedures and best practice standards for Transaction Banking
- Create and provide training on applicable compliance requirements
- Interact with various internal teams as well as external advisors, clients and counterparties
- Monitor the regulatory landscape to anticipate and implement changes to our compliance program
- Analyse and form views on new business and the associated compliance, regulatory and reputational risks for the purposes of Firm committees
- Support the firm’s risk assessment framework
- Assist in the build out and regular flow of management information
- Partner with business teams to ensure testing and ongoing monitoring properly considers and mitigates compliance risks
- Create and implement controls and surveillances to ensure regulatory compliance
- Leverage technology to facilitate monitoring and reporting of compliance risk
- Assist in preparing for interactions with financial regulators
- Review and approve marketing / advertising
Preferred Qualifications:
- Bachelor’s degree or equivalent military experience
- Excellent written and verbal communication skills
- Strong intellectual curiosity and interest in payments and cash management, as well as learning new things
- General knowledge of UK and EU regulatory obligations relating to payments
- General understanding of payment services products
- Ability to interface daily with a range of senior colleagues and peers to ask questions and build relationships
- Strong project management, analytical, and functional skills
- Ability to prioritize multiple tasks and meet deadlines
- A proactive team player, who enjoys working collaboratively to find solutions
- Highly motivated, reliable, and accountable
- Strong investigative and problem-solving skills with the ability to exercise sound and balanced judgment and challenge when needed
- Some experience in compliance, legal, regulation or related business side experience in consumer finance, or as a regulator would be helpful but is not essential
- Knowledge of Microsoft Word, Excel, and PowerPoint
