The Compliance Manager supports the HCM in overseeing and managing the bank’s adherence to UK regulatory requirements (FCA/PRA), internal policies, and financial crime standards. The role involves developing and updating policies, procedures and processes to ensure adherence to applicable laws and regulations. This position adds value by safeguarding the Bank against regulatory, financial crime, and reputational risk while supporting ongoing monitoring processes, efficient customer onboarding and fostering a culture of compliance and ethical behaviour within the organisation.
Responsibilities
* Assist the MLRO and Compliance in ensuring the UK operates in accordance with all legal and regulatory requirements and group standards relating to Anti-Money Laundering and Counter-Terrorism Financing, Proliferation Financing ("AML/CTF/PF"), Market Abuse, Anti Bribery, PEPs, Sanctions, tax evasion, Fraud
* Identify, understand and interpret UK financial services legislation, regulations and obligations, and advise Senior Management on how the UK can meet those obligations.
* Monitor and respond to regulatory developments in the UK and how they affect UBA UK and its business.
* Ensure all aspects of the Compliance Monitoring Programme are covered.
* Support the Compliance Manager / MLRO in preparing regular management Information, regulatory reports, and boardlevel compliance updates.
* Carry out periodic reviews and ongoing monitoring activities, including transaction behaviour assessments and trigger event reviews.
* Assist in horizon scanning and regulatory monitoring, ensuring the Bank remains updated on FCA, PRA, JMLSG, and AML/CTF requirements.
* Review, investigate, and elevate financial crime alerts in accordance with internal procedures.
* Support policy and procedure reviews, ensuring alignment with regulatory expectations.
* Assist with the clearance and oversight of sanctions monitoring alerts, including reviewing true matches accordingly and promptly following up on any outstanding alerts.
* Review reports from the transaction monitoring solution and conduct investigations into alerts generated by using judgement and decision-making skills, to determine whether grounds for suspicion of money laundering, terrorist financing or proliferation financing ("ML/TF/PF") exist.
* Conduct risk assessments to identify vulnerabilities and potential exposure to financial crime and implement appropriate controls and mitigation strategies.
* Maintain oversight of high-risk relationships, PEP management, EDD sign off, periodic and trigger review processes and breach management, escalating to the MLRO where appropriate.
* Provide day-to-day advisory support and training to the KYC Team to ensure that requirements are being complied with.
* Maintain accurate customer files and ensure audit-ready documentation.
* Assist with internal compliance training delivery for staff across the business.
* Participate in thematic reviews, monitoring programmes, and compliance testing activities.
* Support remediation exercises and system improvement projects as required.
* Liaise professionally with relationship managers, operations teams, and external stakeholders to resolve
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