Job Description

Associate Director, Compliance

At a glance

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The Associate Director, Business Compliance AAB UK (BCO) is positioned in the AAB UK Compliance Department and has a reporting line to the Country Compliance Head, AAB UK.



The Compliance Function (Department) is the Risk Type Owner (RTO) over the Compliance and Behavioural Risks contained within the Risk Management Framework. Its mission is to assist senior management in identifying, assessing and effectively managing the compliance and behavioural risks of ABN AMRO.



It has developed a risk-based approach designed to ensure that reasonable measures (including policies, procedures, instructions, IT systems, monitoring and assurance methods, awareness and training activities, objective-setting, incentives, deterrent measures and sanctions) are taken in order to avoid or reduce the possibility of such compliance and behavioural risks occurring and to minimise the damage if such a risk should nonetheless occur.



The Department is responsible for all AAB UK (and residual Asset Based Finance 'ABF' post wind-down) compliance matters: Advice, policy, training, regulatory developments and assurance activities regarding financial laws, rules, regulations and codes of conduct, data privacy oversight and combatting financial crime.

Your job

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The Associate Director, Compliance will perform their role in a way that:

Upholds the firm's legal, regulatory and ethical standards; Fosters partnerships and collaboration throughout the firm; Heightens awareness of relevant regulatory issues; Delivers consistent advice, challenge and, to the extent possible, innovative solutions; and works in collaboration within the Compliance team to deliver the desired outcomes in relation to the advisory and assurance activities performed.

The Associate Director, Compliance has the following responsibilities:

To work closely with the Director, Business Advisory and Associate, Business Advisory to deliver comprehensive compliance support, advice and assurance to the businesses and functions; To support the Department's mandate to embed UK and Group Compliance and regulatory standards, policies and procedures; Provide support to ensure key regulatory and legislative developments are embedded within the business; Provide support and input into the design and development of regulatory risk management frameworks and risk management practices; To provide challenge and advice in respect of key regulatory risks, issues and areas of exposure; To provide expert technical advice and face to face training across all business lines and enabler functions within AAB UK. Provide support and challenge to key projects and advise the first line business teams to ensure they are fully conversant and compliant with current and potential regulatory requirements; To take responsibility for the delivery of the Compliance aspects of the Monitoring & Compliance Testing programme - reviewing the reference controls, enhancing the scripts, performing the testing, reporting the results and advising on any necessary uplifts to controls as a

result in collaboration with the Associate, Business Compliance;

To work collaboratively with other Compliance colleagues, identify and share best practices and further improve consistency of approach across teams and regions; To act as the delegate for the Director, Business Compliance on the production of both Head Office and internal management information and regulatory reporting to local regulators; To lead and deliver on ad-hoc regulatory, governance and risk management assignments; To review and sign off relevant financial promotion and/or marketing literature to ensure that the content is clear, fair and not misleading and is compliant with internal policies and external regulatory requirements;


Collaboration and Communication



The role requires the individual to work effectively at all levels across AAB UK to provide support and assistance. This will necessitate:

communicating with and influencing stakeholders from business management, in both first and second line, especially those involved in Policy writing and Training delivery at Head Office; acting as the key liaison with Group Compliance Monitoring and Testing teams; communicating with Compliance colleagues in both in the UK and other offices, on the risk selection and control design for periodic monitoring and testing activities; and ensuring the individual is up to date on key regulatory developments and changing regulatory expectations in order to fully meet the function's regulatory oversight mandate.

Your working environment

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At ABN AMRO

we have a clear purpose:

Banking for better, for generations to come

. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.

ABN AMRO

is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking and Clearing.

ABN AMRO UK

, part of our Corporate Banking network, has established positions in Corporate & Institutional Clients, Financing Solutions (Project and Leveraged Finance), Markets (Capital Markets, Sales & Trading), Transaction Banking and Clearing.



Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (including Tax), Business Management and Human Resources. Our strategy requires a culture of working together and permanent learning from each other; it's for this reason our core values of care courage and collaboration are at the heart and centre of everything we do.



We currently employed around 380 people in the UK.

Equal opportunities for all

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

Your profile

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Required employment experience / skills

Proven track record of Compliance Advisory experience (5+ years) in an international bank; Compliance advisory experience in one or more of Wealth Management, Capital Markets and/or Corporate Banking; A strong knowledge of the FCA and PRA handbooks and familiarity with EU laws and regulations - existing and emerging (MiFID, MAR, PSD, SMCR, COCON as examples); A good understanding and experience of how to oversee and deliver a robust monitoring and testing programme; An ability to analyse compliance issues from a risk management perspective; Proven ability to communicate clearly and concisely on complex regulatory compliance issues at all levels, both internally and externally, able to articulate key risks associated with issues identified, along with full impact analysis on relevant business areas; An ability to resolve conflict and deal with confrontation with tact and skill; Ability to work independently, but a strong team player; Assertive, analytical, accurate and tenacious; Able to display initiative in identifying and presenting solutions to support activities and plans; Forward looking and focused on effective processes and increasing efficiency; Practical, pragmatic and pro-active approach; Self-motivated, and well organised; Nice to have: One or more Professional qualifications, such as the CISI Diploma or equivalent; Nice to have: Legal background (or equivalent) to demonstrate legal interpretation of applicable rules and regulations.

What we offer

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Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.

Interested?

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Are you interested? Please apply via the button below.



For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.