Compliance Analyst

Canara Bank; City of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading public sector bank is seeking a Compliance Analyst for its London branch. This role involves ensuring compliance with UK regulations, developing compliance programs, and conducting audits. The ideal candidate will have proven experience in compliance, a degree or MBA, and relevant certifications. This full-time position offers the opportunity to work closely with senior management and ensure ethical banking practices.

Qualifications

• Sound knowledge of UK financial regulations (FCA, PRA), AML, and KYC procedures.
• Proven experience in compliance within the banking or financial services industry.
• Integrity and commitment to ethical standards.

Responsibilities

• Monitor and assess compliance with regulatory requirements.
• Develop and implement compliance policies and procedures.
• Conduct periodic compliance reviews and audits.
• Investigate and resolve compliance issues.
• Stay updated on regulatory developments.
• Collaborate with senior management to ensure a culture of compliance.

Skills

Knowledge of UK financial regulations (FCA, PRA)

Experience in compliance within banking

Familiarity with anti-money laundering (AML)

Knowledge of KYC procedures

Education

Degree/MBA

Relevant professional certifications in Compliance

Job description

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About Canara Bank London Branch

Canara Bank is one of the leading public sector banks in India with a strong global presence. With over 40 years of presence in the UK, our London branch is committed to regulatory compliance and ethical banking practices.

Role Overview

As a Compliance Analyst at Canara Bank’s London branch, you will play a crucial role in ensuring that the bank operates in full compliance with all applicable regulations, guidelines, and internal policies. You will be responsible for developing and implementing compliance programs, assisting with regular audits, and providing guidance to staff on compliance matters.

Key Responsibility Areas

• Monitor and assess compliance with regulatory requirements and internal policies.
• Develop and implement compliance policies and procedures.
• Conduct periodic compliance reviews and audits.
• Investigate and resolve compliance issues, including those raised through internal reporting mechanisms.
• Stay updated on regulatory developments and assess their impact on the bank’s operations.
• Collaborate with senior management and departments across the bank to ensure a culture of compliance.

Stakeholder Management and Leadership

The role holder’s main stakeholders will be the Senior Management Team and the heads of departments to ensure CBUK compliance with UK regulatory guidelines.

Essential Skills / Basic Qualifications

• Sound knowledge of UK financial regulations (FCA, PRA), anti-money laundering (AML), and KYC procedures.
• Proven experience working in compliance within the banking or financial services industry, preferably in the UK regulatory environment.
• Degree/MBA and relevant professional certifications in Compliance.
• Integrity and a commitment to upholding ethical standards.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Legal
• Industries: Accounting