Job Role: Compliance Officer (SMF16)
Based at: London
Overall Purpose of the role:

To act as the Bank’s Compliance Officer (SMF16) and manage the Compliance & Internal control activities with the purpose of complying with the regulator and internal control requirements.

  1. The role of the Bank’s Compliance Officer will be to identify, assess and monitor the compliance risks faced by the Bank, report to Senior Management and guide them.
  2. Assessing the appropriateness of internal procedures and guidelines, promptly follow up any deficiencies in the policies and procedures and where necessary formulate proposals for amendments.
  3. Educating staff with respect to compliance with the applicable laws, rules and standards and acting as a contact point within the Bank for compliance queries from staff members and liasioning with relevant external bodies including regulators and will be responsible for implementing the compliance manual, compliance monitoring program and testing.
  4. To perform regular and comprehensive compliance reviews and internal control oversight.
  5. Responsible to ensure that the branch complies with all laws and regulations including the Principles of Business of the FCA and relevant PRA / RBI regulations and Bank’s policy that may apply to the Bank’s operation and also to ensure that all the staff members are made aware of these principles, and comply with such standards
  6. SYSC 4.8.9(5) Responsibility for the firm’s compliance with the UK regulatory system applicable to the branch.
  7. SYSC 4.8.9(3) Responsibility for compliance with the requirements of the regulatory system about the management responsibilities map.
  8. PRA 6.2(3) Responsibility for compliance with the firm’s obligations in relation to its management responsibilities map.
  9. PRA 6.2(5) Responsibility for the branch’s compliance with the UK regulatory regime applicable to the branch.
General Overview of objectives of the Job:

The main duties, responsibilities and accountabilities include, but are not limited to:

  • Develop and implement the compliance strategy for the Branch to meet the Regulatory requirements.
  • Prepare and implement a risk-based annual Compliance Monitoring Programme and report any deficiencies to Senior Management on a monthly or quarterly basis) and recommend corrective actions to be taken by the branch.
  • Maintain Compliance Record-Keeping, e.g. Gifts, Complaints Register, FCA/PRA registrations, SMR certification and approvals etc.
  • Actively support and advise the Senior Management and the staff on the relevant compliance regulations and matters.
  • Ensure that the Branch management and staff understand and address all applicable regulations.
  • Review and update Branch policies, procedures and processes to ensure compliance with the regulatory regime.
  • Keep Senior Management and/or related departments notified as to applicable regulatory returns to be completed and timeframes for submission to the FCA/PRA/other Regulators.
  • Assist Senior Management to keep liaison with regulatory agencies, and relevant outsourced service providers such as consultancy companies and law firms.
  • Work closely with the Branch senior management to establish an appropriate compliance culture throughout the Branch including the development of specialized training programmes.
  • Provide training on Compliance related matters to the Branch staff.
  • Report monthly and on an ad-hoc basis to the Senior Management on Compliance related matters, e.g. regulation changes, compliance weaknesses and action being undertaken, etc.
  • Prepare annual Compliance reports.
  • Ensure that own continuous training and development is maintained.
  • Liaise, as required, with our Parent Bank to ensure that their ‘group-wide’ policies are implemented in the UK (where appropriate); and
  • Provide regular Management Information reports to our Parent Company and other ad hoc reports as required;
  • Deliver and maintain Annual Compliance and Financial Crime Risk Assessments;
  • Actively participate in as a member in the Branch Management Committee and the AML Oversight Committee;
  • Able to communicate with the regulators or other government bodies
  • Other Compliance and Regulatory tasks as directed by the Head of Branch (CEO).
Eligibility Criteria:
  1. Primary education requirement : Degree level education
  2. Desirable but not essential requirement: Finance or business related post graduate Degree/Diploma
  3. A minimum of 3+ years of relevant experience of holding SMF 16(or its equivalent) gained within a banking environment. Contenders have a strong regulatory compliance background and experience and looking to step up to an approved person role will also be considered.
  4. Knowledge and implementation experience with regard to key UK regulatory norms.
  5. Proven ability/experience in the specific area for which the person is being recruited
  6. Good knowledge of written and spoken English
  7. Demonstrable leadership skills
  8. Knowledge of computer operations and common office software like MS Office etc.
  9. Knowledge of Reserve Bank of India norms.
  10. The candidate must be able to prove that ,is eligible or will be eligible on the proposed commencement date, to work in UK
Job Application Form

***Last date for submission of duly signed CV along with the application form is extended to 05/10/2018 - E-mail to


Syndicate Bank, London is Authorised and Regulated by the PRA/FCA in UK.