Compliance jobs in United Kingdom
The financial services industry has seen many changes over the years with traditional firms being constantly challenged by the evolution of new trends and technologies.
The emergence of digital assets, fintechs and start ups has varied the scope of the once traditional compliance role, making it an increasingly interesting and competitive space to work in.
Every year, new regulations and rules are introduced, meaning compliance professionals must always be on top of the ever-changing sector to properly assess how any regulatory update can affect a business and its activities.
The person leading a compliance regulatory function will have to manage and support c-suite staff, internalise conflicts and exercise supreme judgement in balancing the need to allow its business to flourish in an increasingly complex regulatory environment, whilst avoiding the potentially devastating consequences of non-compliance.
Compliance teams can vary depending on the firm, and level of experience needed but can be comprised with the following:
Chief Operating Officer
Head of Legal and Compliance
Head of Compliance
Chief Compliance Officer
Monitoring, Testing & Surveillance
Main Key Duties
The key duties within a compliance role might change from one type of firm to another, however its core responsibilities will usually include, but not be limited to, the following:
Fostering an ethical culture at the firm
Avoiding fines and other penalties from the regulating body (FCA in the UK, SEC in the US)
Creating, monitoring and reporting on internal policies and processes: IT, Strategy, OH&S (Occupational, Health & Safety), KYC (Know Your Customer), PEP (Politically Exposed Person) and Sanctions
Legal research and anticipating future changes
Leveraging future changes in regulation
Reviewing marketing material and disclaimers
Training sessions to staff
Answering “can we do X?” questions from the C-Suite and front office
Conducting internal audits
Assisting with disciplinary proceedings
Reporting to the regulator
Making sure that advice considers business objectives
Prepare and file regulatory reports with the FCA
As the regulatory function continues to grow the compliance needs in firms have become more robust, meaning compliance professionals may require a niche set of skills.
To flourish within a compliance role these skills are required:
Broader Business Acumen (Product & Technology knowledge)
Interpersonal skills and communication
Attention to detail
Niche candidates and subject matter experts
Need Help Finding a Compliance Role?
Contact our specialists regulatory compliance recruitersor see Rutherford's regulatorycompliance jobs.
The United Kingdom is the amalgam of Great Britain (which comprises England, Wales and Scotland) and the northern portion of Ireland. Its capital, London, is known as Europe's financial hub, and one of the world's most cosmopolitan cities. The United Kingdom is also known for other major cities, like Birmingham, Liverpool, Manchester, Belfast, Edinburgh, Glasgow and Cardiff.
The UK has made significant contributions to the world, most of them being cultural. Literature, theatre, musicals, film, television, music - many big names in these fields are from the United Kingdom.
Financial Services Sector in the UK
The United Kingdom - and more specifically, its capital London - has always been considered a world financial hub. Its financial services sector is quite massive: in 2018, it contributed £132 billion to the overall UK economy. It is known to be London's largest sector, with 1.1. million jobs in 2018. The city is also known for its huge amount of foreign banks: in the beginning of the 20th century, London had more foreign banks that any other city in the world.
Traveling and getting around the UK is easy for anyone, thanks to its extensive and efficient public transport system, which allows you to go anywhere in the blink of an eye. Because the country is relatively small, journey times are always reasonable: for example, getting from London to Edinburgh is a 4-hour journey if you decide to take the train.
In major cities like London or Manchester, you will also find an extensive public transport system, which includes bus, tube, train, boats, and other alternatives. Getting from one point to another is extremely easy, especially if you have a traveling application like Citymapper or Google Maps on your phone to help you find the fastest - or cheapest! - journey.
Latest jobs in Compliance
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Manager - Regulatory Consultant
Our ClientOur client, a leading law firm, is currently growing its new regulatory consulting arm and now has a key vacancy for a dynamic...
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Generalist Compliance Associate
Our ClientOur client, a leading mid-market Private Equity firm are looking for a generalist Compliance Associate to join their London...
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Generalist Compliance Analyst
Our ClientOur client, a boutique asset management firm, are looking for a Generalist Compliance Analyst on an initial one year contract ...
27 days ago
City of London
Our ClientOur client, an established financial services regulatory consultancy, is looking for a motivated Compliance Associate with a s...