Compliance Officer

As a Compliance Officer at Recognise Bank, your core responsibilities will include maintaining and updating compliance policies, conducting compliance monitoring, reviewing financial promotions, and providing AML advice. You'll also help in reporting compliance breaches, managing the SMCR framework, and delivering training sessions, all aimed at ensuring our bank operates within FCA and PRA regulations.

To be considered for the Compliance Officer role at Recognise Bank, candidates should ideally have a legal qualification and 3-5 years of experience in a compliance or regulatory role within PRA & FCA regulated financial services. Strong knowledge of relevant regulations like AML and GDPR is essential, along with excellent communication and organizational skills.

Recognise Bank values the growth of its employees and offers tailored training and development programs for Compliance Officers. This includes support for obtaining professional compliance qualifications and opportunities for on-the-job learning, ensuring that you have the tools and knowledge to thrive in your role.

The culture at Recognise Bank is built on integrity, accountability, and collaboration. As a Compliance Officer, you’ll work closely with various teams to embed compliance into the fabric of the organization, ensuring that everyone shares the commitment to ethical behavior and regulatory adherence in a supportive environment.

Compliance Officers at Recognise Bank enjoy a generous time-off policy of 25 days annual leave plus bank holidays. The bank also supports hybrid working, allowing for a flexible work schedule with both in-office and remote days. Additional perks include a Work From Anywhere allowance and comprehensive learning and development opportunities.

When answering this question, focus on specific experiences where you identified financial crime risks and the measures you implemented to mitigate these. Explain your understanding of AML regulations and how you've contributed to compliance efforts in previous roles.

Highlight your knowledge regarding key FCA and PRA regulations and discuss any practical experience you have with complying within those frameworks. Be prepared to mention any tools or practices that helped you stay abreast of regulatory changes.

Use the STAR method (Situation, Task, Action, Result) to outline the issue clearly. Discuss how you noticed the problem, the steps you took to resolve it, and the outcome, emphasizing collaboration and proactive communication.

Discuss practical strategies such as developing engaging training materials, organizing workshops, and conducting regular feedback sessions. Emphasize the importance of making compliance engaging and relevant to their roles.

Explain your time management strategies, such as prioritization frameworks and use of project management tools. It’s useful to provide examples of how you’ve successfully balanced multiple compliance tasks in previous roles.

Identify tools or software you've used for compliance monitoring. Explain how they help in tracking regulatory updates, managing documentation, and reporting incidents effectively, and why they are important for a Compliance Officer.

Discuss your approach to continuous learning, which may include subscribing to regulatory updates, participating in industry webinars, joining professional bodies, and networking with compliance professionals to share knowledge.

Select a project you led that required extensive planning and collaboration. Describe the goals, your specific role in it, and the eventual results, focusing on how it improved compliance processes within your organization.

Explain the importance of risk assessment in proactively identifying potential compliance issues before they become significant problems. Talk about your experience performing risk assessments and implementing corrective actions.

Use your knowledge of Recognise Bank's values and mission to tailor your answer. Discuss your passion for compliance, how your skills align with their needs, and your enthusiasm for contributing to their goal of supporting SMEs effectively.