Senior Compliance Analyst

Job title:

Senior Compliance Analyst

Company

Bank of England

Job description

:

As a Senior Compliance Analyst, you’ll collaborate closely with business teams to identify and assess emerging conduct risks, develop risk-based controls, and lead compliance monitoring programs. Reporting to the Compliance Manager, you’ll investigate conduct-related incidents, provide expert advice, and deliver conduct risk training. Your role will involve interacting with senior management and regulatory authorities, offering you valuable exposure and the opportunity to influence critical decisions.

Minimum role requirements:

• A detailed understanding of financial crime concepts, including fraud, market abuse, bribery and corruption and data protection.
• Knowledge of the legal and regulatory framework in the UK.
• Understanding of financial markets and institutions, preferably with experience conduct risk issues relating to fixed income and foreign exchange trading.
• Experience in financial crime, compliance, regulatory policy/supervision, audit, or risk management roles.
• Strong analytical and problem-solving skills.
• Excellent communication skills, with the ability to present complex information clearly.
• Outstanding interpersonal skills, with the ability to build relationships and provide constructive challenge when needed.
• Flexibility and agility in handling workload, with the ability to self-start and empower others.
• Proficiency in analytical tools such as R Studio, Tableau and MS Excel.

What You’ll Get:

As a Senior Compliance Analyst, you’ll have the opportunity to experience the Bank’s operations first hand and contribute to its mission. You’ll gain exposure to senior management and work closely with trading desks in Foreign Exchange and Sterling Markets Divisions. Additionally, you’ll build a comprehensive network across MBPR and the wider Bank, and be involved in wider operational risk and financial crime risk management initiatives. This role offers a varied and intellectually stimulating environment with opportunities for further career development. You’ll also have the chance to study for professional qualifications in financial crime, compliance, or risk management, enhancing your expertise and advancing your career.

Qualifications

Our Approach to Inclusion

At the Bank of England we want all colleagues to feel valued and respected, so we’re working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.

We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We’ve also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they’re needed.

For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. One way we support diversity and inclusion is through our staff-run networks, which are summarised here.

Finally, we’re proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

Salary And Benefits Information

This specific role offers a base salary of circa £52,730 – £60,840 per annum (depending on skills and experience) on a full-time basis. We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.

In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.

National Security Vetting Process

Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice.

The Application Process

Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

The closing date for applications is 4 April 2024.

The assessment will comprise of two stages: an interview and a second stage interview with written exercise. We expect to conduct interviews across April and can discuss in person / online requirements.

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.

Expected salary

£52730 – 60840 per year

Location

London

Job date

Sun, 10 Mar 2024 05:15:31 GMT

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