Junior Compliance Officer

Type: Trainee
Region: London

Job DescriptionOur client is a leading European Investment bank with a significant presence in the UK.Their central London teams serve as a key hub for their international operations. Primarily focusing on Large Corporates & Financial Institutions, offering services in Investment Banking, Financial Sponsors, Markets, Equities, and Transaction Services.Role and Purpose: To support the bank’s growth in the UK market, we’re searching for a senior compliance officer to strengthen their regulatory compliance and financial crime prevention capabilities.The role is part of a small, dedicated Compliance team that operates as an independent second-line function within the Group. The successful candidate will report to the Co-Heads of Compliance and will be responsible for a range of technical duties related to regulatory compliance and financial crime prevention.Key Responsibilities:Conduct comprehensive compliance risk assessments and develop risk-based monitoring plansExecute compliance monitoring activities, including transaction surveillance and control testingProvide technical advisory support on regulatory matters to business units and senior managementTrack and analyze regulatory developments, assessing their impact on business operationsDevelop and deliver targeted compliance training programs for staff across various business linesPrepare detailed compliance reports for internal committees and regulatory bodiesContribute to the enhancement of key compliance processes, including customer due diligence, product approval, and complaint handlingDraft and update internal compliance procedures and policiesSupport internal investigations and regulatory examinationsLiaise with Group Compliance on cross-border regulatory issues and harmonization of compliance practicesAssist in regulatory reporting and communication with the Financial Conduct Authority (FCA)Requirements:University degree in law, finance, or a related field2-4 years’ experience in a compliance role within the UK financial services sectorComprehensive understanding of UK and EU financial regulations, including:Markets in Financial Instruments Directive (MiFID II)Payment Services Directive (PSD2)Anti-Money Laundering Directive (AMLD5)Market Abuse Regulation (MAR)FCA Handbook and PRA RulebookGeneral Data Protection Regulation (GDPR)Conflicts of Interest regulationsFinancial Sanctions regimesAnti-Bribery and Corruption lawsPractical experience in implementing regulatory requirements and conducting compliance risk assessmentsProficiency in compliance monitoring techniques, including transaction surveillance and control testingExperience with regulatory reporting processes and interactions with supervisory authoritiesStrong analytical skills with the ability to interpret complex regulatory texts and apply them to business scenarios