Risk & Compliance Officer
Rev & Regs are recruiting for a new 'Risk & Compliance Officer' role on behalf of an International Retail & Wholesale Bank in London.
Role Overview:
The Risk and Compliance Officer will support the Risk and Compliance Managers in identifying, assessing and mitigating prudential, regulatory and compliance risks across the organisation. The role will contribute to a strong risk culture and support compliance with FCA, PRA and other applicable UK regulatory requirements.
Key Responsibilities:
Prudential Risk:
Coordinate the MRCC monthly meeting , including agendas, minutes, stakeholder updates and KRI reporting. Prepare monthly Risk and ALMAC reports , covering LCR, CAR, Leverage, IRRBB, FX, NSFR and weekly stress-testing analysis. Support the development and maintenance of the ICAAP , working with Finance, Credit Risk and relevant stakeholders. Maintain, test and update the model inventory and assist with model risk assessments. Contribute to reviews of Pillar 3 disclosures, Risk Management policies and procedures .
Regulatory Compliance:
Support the development and delivery of a risk-based Compliance Monitoring Plan , including monthly monitoring reviews, reporting and MI. Identify and escalate policy, regulatory and compliance breaches , supporting remediation and resolution within agreed timelines. Assist with the development of Compliance reports for Senior Management and the Board . Conduct regulatory horizon scanning , maintaining the regulatory register and highlighting relevant developments and risks. Identify compliance risks arising from business activities, recommend appropriate mitigating actions , and monitor completion of remediation. Support the review and enhancement of compliance policies, procedures and practices .
Regulatory & Conduct Requirements:
Maintain an understanding of and comply with the FCA Handbook, PRA Rulebook, BCOBS and MCOBS . Support obligations under Consumer Duty , where applicable to retail customers, products or services. Demonstrate the required SM&CR Individual Conduct Rules , including integrity, due skill and care, regulatory openness, fair treatment of customers and delivering good customer outcomes.
Knowledge & Experience:
Degree-level qualification, ideally with banking/financial services experience. Minimum 2 years’ experience in Risk and Regulatory Compliance within a UK-regulated financial institution . Proven experience delivering or supporting bank-wide prudential risk and regulatory compliance monitoring programmes . Strong knowledge of the UK regulatory environment , including the FCA Handbook, PRA Rulebook, BCOBS and MCOBS . Strong numerical, analytical and risk assessment skills . Advanced Microsoft Office skills, particularly Excel . Excellent written and verbal communication skills.
Location: London Office - 5 days a week