Senior Compliance Manager

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Welcome to Al Rayan Bank, the longest established and most successful Islamic bank in the UK.

Al Rayan Bank is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the Masraf Al Rayan Group, one of the largest bank's in Qatar, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At Al Rayan Bank, we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual's unique perspectives are valued.

We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you'll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

Come and join us and be part of something extraordinary.

We have a fantastic opportunity for a Senior Compliance Manager at our London Office. The Senior Compliance Manager will support the Head of Compliance (SMF16) in providing a proactive and timely delivery of compliance activities across the Bank, including the provision of regulatory advice, monitoring, reporting, training and other compliance outputs as required. Working in a small team, the breadth of the role is generalist in nature, whilst requiring a strong level of specific technical knowledge of financial services regulation as relates to banking activities within the UK, as well as experience with dealing with a wide range of stakeholders.

Key Responsibilities

Regulatory Advice

• Support the Head of Compliance in the identification, review, assessment and reporting of key regulatory changes affecting the bank, including the preparation of regulatory impact assessments. This includes horizon scanning activities in relation to new or existing regulation and reporting through to internal Committees for the purposes of oversight.
• Support the business through the provision of timely and outcomes-focussed regulatory advice and guidance, as part of project and change programmes and resolving ad hoc queries which arise from time to time.

Compliance Monitoring

• Assist on compliance monitoring reviews as assigned by the Head of Compliance, covering the Bank's regulated activities. This includes preparing terms of reference, testing the design and operational effectiveness of regulatory controls, report writing, agreeing findings with key stakeholders and tracking all issues and remediation through to closure.
• Assist in the Implementation of the Bank's Compliance Monitoring framework, processes and procedures in line with industry and regulatory standards and the Bank's risk appetite. Where required, aid in reviewing and updating compliance monitoring procedures to drive continuous improvement.
• Influence and guide internal stakeholders to ensure the successful implementation of the compliance monitoring framework and the resolution of issues/actions.
• Support in evaluating the ongoing effectiveness of the Compliance Risk Universe.

General Regulatory Compliance

• Collate all required compliance Management Information (MI) relating to monitoring and regulation and analyse trends and issues to provide information and assurance to key internal governance forums.
• Assist the Head of Compliance in managing Data Protection Compliance, including where applicable, the use of third party vendor.
• Proactively develop own knowledge of regulatory compliance and share best practice with members of the wider Risk Teams and across the bank as appropriate.
• Review & sign off literature and other marketing materials in line with the FCA Financial Promotions rules and other associated guidance.
• Oversee the timely and effective resolution of regulatory incidents.
• Develop new compliance policies and procedures when required.
• Work with Business stakeholders to ensure the timely submission of regulatory reports.
• Provide regulatory training to internal stakeholders.

Leadership

• Deputise for the Head of Compliance on request and during periods of absence.
• Assist the Head of Compliance in the running of the Compliance Department and in promoting and maintaining a Compliance focused culture across the Bank.
• Attendance or Delegation for the Head of Compliance at relevant committees as and when required.

Qualifications & Experience

• Understanding of Islamic Finance (Desirable)
• Compliance or Audit qualifications (Desirable)
• Undergraduate Degree
• A Minimum of 7 years' experience within Compliance

Knowledge & Skills

• Demonstrable experience in a Compliance or Audit related role within financial services, ideally within a Banking environment.
• In depth regulatory knowledge of FCA and PRA regulations affecting the Bank
• Excellent oral, written communication and organisational skills as well as the ability to present confidently and work effectively with staff and management at all levels
• Ability to investigate, analyse and interpret MI and to create and maintain committee packs.
• Issue Management capabilities displaying effective organisational and stakeholder management skills
• Excellent attention to detail
• Excellent ability to multi-task

Behavioural Competencies

You will be required to demonstrate our 1Team values and associated behaviours which are outlined below:

• Trusted to do the right thing
  To act with total integrity. Put the customer first and stick to our promises.
• Empowered to own
  To embrace change, take responsibility and ask for help when needed.
• Able to deliver
  To draw on each other's strengths and believe in 'no blame' and 'no ego's'. Show resilience.
• Motivated to succeed

To be passionate about our work. Look for opportunities to learn and grow and celebrate each other's success.

Conduct

We expect staff to follow the standards required by our regulators. At all times:

• Act with integrity
• Act with due skill, care and diligence
• Be open and co-operative with regulators
• Pay due regard to the interests of customers and colleagues and treat them fairly
• Observe proper standards of market conduct
• Act to deliver good outcomes for retail customers

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in.

Empowering your career, together we'll deliver banking you can believe in.