Compliance Monitoring and Testing Officer

1 month ago

London, United Kingdom Bank of Africa United Kingdom Plc Full time

Under the oversight of the Deputy Head of Compliance & MLRO, the Compliance Monitoring and Testing Officer will be responsible for:
Supporting the monitoring and testing program across the Bank;
Providing input into the development and maintenance of the Compliance testing reviews methodology and related procedures;
Maintaining the Compliance annual testing plan;
Creating, maintaining and reviewing the Compliance monitoring log and reviewing the effectiveness of the monitoring;
Planning and conducting desk-based and thematic compliance reviews to assess the effectiveness of policies and procedures to identify potential gaps;
on the completion of any review, agreeing a clear plan of action for resolution of all identified issues within agreed timescales and ensure that all issues are resolved.

Person Specification

Degree educated or equivalent;
Proven relevant Compliance, Audit or Regulatory testing experience in a commercial banking institution;
Knowledge and understanding of banking rules, regulations, by-laws, policies and procedures;
Knowledge of UK Monitoring and Testing regulatory principles and products;
Excellent verbal and written communication skills;
Organised, methodical, detail-orientated, inquisitive - able to think outside the box;
Flexible “can do” attitude and resilient;
Experience of multiple stakeholder management at mid senior management level, including stakeholders from the business units;
Ability to prioritise and deliver to deadlines;Can work independently or collaboratively depending on the task in hand.

Responsibilities: (Day-to-day duties; job process; “typical day”)

Carry out such tasks, reviews and monitoring as identified in BOA UK Compliance Monitoring Programme (“CMP”);
In conjunction with the DHoC & MLRO, provide compliance monitoring scoping requirements for targeted activity on the monitoring plan;
Perform agreed monitoring and provide draft summary monitoring reports to DHoC for review and feedback;
Review the progress of the overall Compliance monitoring reports and provide management information on significant findings and challenges with the monitoring programme;
Propose Compliance monitoring best practices on methodologies, templates and reporting structure to streamline the Compliance Monitoring Plan;
Day-to-day oversight of the compliance monitoring plan ensuring appropriate reporting of matters under review and cause for concern items are investigated and escalated to the DHoC and MLRO accordingly.Undertake adhoc Compliance related tasks as instructed by DHOC and MLRO.

Qualification and Experience needed

3+ years’ experience of compliance and financial crime gained within a regulated Financial Services organisation.

Knowledge and understanding of regulatory and legislative rules and guidance as set out by the FCA, PRA, JMLSG and HMT and, where appropriate, those jurisdictions where BOA UK operates in

Professional Compliance qualification(s) would be desirable but is not a pre-requisite.

French language skills either fluent or business would be desirable but is not a pre-requisite.

**Job Types**: Full-time, Fixed term contract
Contract length: 6 months

Pay: £50,000.00-£70,000.00 per year

**Benefits**:

- Gym membership
- Life insurance
- Private dental insurance
- Private medical insurance

Schedule:

- Monday to Friday

Ability to commute/relocate:

- London, W1K 7QE: reliably commute or plan to relocate before starting work (required)

**Education**:

- Bachelor's (preferred)

Work Location: Hybrid remote in London, W1K 7QE

Expected start date: 03/07/2023

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