Grow with UTB

This is a hybrid role – 3 days in the office (City of London location) and 2 days working from home.

Role Purpose:

To support the delivery of the Bank’s Compliance Monitoring Plan and to provide advice and guidance to the business on compliance matters.

Responsibilities:

This is a generalist compliance role, covering both compliance advisory and monitoring responsibilities:

Compliance Advisory

• Provide first line with regulatory guidance/advice where required, recording, analysing and reporting monthly to Head of Compliance
• Review Bank-wide policies and procedures against regulatory requirements and best practice, completing a gap analysis accordingly, making recommendations for change and monitoring for closure.
• Undertake regulatory horizon scanning ensuring that all regulatory changes that will impact the Bank are known, communicated (including providing summary and undertaking gap analysis when required) and plan for implementation.
• Assessment, approval and recording of financial promotions in line with the Bank policy.
• Preparation and distribution of Compliance and Conduct Management Committee pack including minutes and action log.
• Assistance in the design and delivery of Bank wide Compliance training where required

Compliance Monitoring

• Complete regular Compliance Monitoring engagements in accordance with the annual Compliance Monitoring Plan
• Take the lead in carrying out Compliance Monitoring reviews in accordance with the Compliance Monitoring Procedure
• Ensure testing scripts meet the required specification to enable robust testing to be undertaken
• Produce high quality monitoring reports in a timely manner, clearly the identifying issue, root cause and required actions
• Review and critically appraise evidence presented in support of proposed action closure
• Assist in updating the Compliance Risk Assessment with the output from Compliance Monitoring reviews

Skills and Experience sought:

• Previous experience in a financial services compliance role, ideally in a banking environment
• Competent IT (Word, Excel, PowerPoint) and presentation skills
• Detailed knowledge of PRA/FCA rulebooks in relation to areas of responsibility

UTB is a dynamic and expanding specialist bank that provides solutions to our customers and brokers, which help them achieve their ambitions. Recognised as being one of the most dependable and well-respected Specialist Banks in the UK, we were delighted to see our balance sheet exceed the £2bn mark in 2022.

Exceptional customer service and the ability to provide rewarding deposits accounts and flexible lending solutions have helped us to develop productive and enduring relationships with our customers. We understand that their success is our success and that the quality of our people and teams, is key to delivering special outcomes for them.

We also understand that the performance of our people is directly linked to the culture in which they work. There is a strong sense of community at UTB and as well as promoting a clear set of internal values, and providing a wealth of facilities for training, personal development, and team building, we run a busy and varied calendar of engagement and social activity. Typical recent examples include: Pizza Lunch Days and Coffee Catch-ups; London Marathon and Sahara Challenge Sponsorships; Success Sharing and Value Awards; and Awesome Autumn social events ranging from Theatre Trips, Cocktail Mixology, and Cookery Classes, to Go-karting, Mini Golf and Clay pigeon shooting.

• competitive salary and bonus package
• matched pension contributions up to 7%
• 26 days annual leave plus two wellbeing days and opportunity to purchase additional holiday
• flexible and hybrid working
• private medical insurance via Vitality
• life, income protection and critical illness insurance
• enhanced family leave pay
• extensive learning and personal development opportunities
• electric car scheme and cycle to work scheme
• season ticket loan
• wellbeing support – discounted gym membership, employee assistance programme, 24/7 private GP access for staff and their immediate family (online), 1:1 key life stage coaching

Thank you for your interest in our current vacancy. Please click the link below to complete your online application.

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