Sterling Williams are supporting a leading international bank, in London who are looking to make a permanent hire for a Senior Business Analyst to join their Compliance Team.
Senior Business Analyst - Compliance
London; full-time, permanent
Hybrid Working
Salary circa £75 - 80,000 pa plus competitive benefits and bonus structure
The purpose of the role is to support the UK branch's compliance function by ensuring robust data integrity, accurate MI reporting, and governance oversight in line with UK regulatory requirements, including financial crime regulations and broader financial services compliance. The role will provide business analysis and coordination across Compliance, Risk, Legal and Operational Teams to drive efficient controls and regulatory adherence.
As a Senior Business Analyst - Compliance, you will:
- Carry out gap analyses and interpret complex regulatory requirements from UK regulators vs oversees regulations (for Group) relevant to corporate & institutional banking.
- Collaborate with key stakeholders to ensure regulatory requirements are embedded in business processes and systems.
- Perform impact assessments of new or changing regulations on the Branch's operations, products, and systems.
- Develop and maintain detailed documentation of regulatory requirements, business processes, and compliance controls.
- Support the design and implementation of compliance frameworks, risk assessments and monitoring mechanisms.
- Assist in preparation and submission of regulatory reports and filings. Conduct data analysis, validation, and trace data flows to ensure data integrity for regulatory reporting.
- Facilitate User Acceptance Testing (UAT) and regression testing of compliance-related systems and technology solutions.
- Provide training and guidance to business users on regulatory requirements and compliance best practices.
- Track regulatory change initiatives, milestones, and deliverables; escalate issues where necessary.
- Support audit and regulatory examinations by providing documentation and evidence of compliance activities.
Data Integrity & Management
- Validate, monitor, and ensure the accuracy and completeness of compliance-related data across systems and processes.
- Identify data quality issues and work with IT and operational teams to resolve discrepancies
- Develop and maintain data governance standards and documentation.
Management Information (MI) Reporting
- Design, develop, and deliver regular and ad hoc MI reports to compliance leadership and regulators as required.
- Ensure MI reporting reflects all relevant regulatory metrics related to financial crime and regulatory compliance risk.
- Support root cause analysis and trend reporting to identify emerging risks or control weaknesses.
Regulatory Compliance & Governance Support
- Work closely with the UK compliance team to interpret and apply UK financial regulations, laws and industry best practice.
- Support compliance monitoring activities, production of Compliance monthly LCC packs as well as contribution to other monthly/quarterly/annual governance packs, and regulatory change implementation.
- Assist in preparing for regulatory audits (internal and external), reviews, and inspections by compiling necessary data and documentation.
The successful candidate will likely have:
- Degree-level education in a relevant discipline such as finance, law, business, or risk management.
- Proven experience (typically 5-8 years) as a business analyst in regulatory compliance within banking, preferably with exposure to private banking, treasury, wealth management, and corporate banking.
- ICA qualification on Risk, Governance and Compliance (desirable).
- Strong knowledge of UK regulatory frameworks, including FCA regulations, AML, and financial crime legislation.
- Practical experience in compliance data management, MI reporting, and regulatory governance.
- Practical experience with using Artificial Intelligence (AI) is required.
- Familiarity with data governance principles and reporting tools (e.g., Excel, SQL, Business Intelligence platforms); excellent Excel skills are a must.
- Strong communication skills to effectively collaborate with both compliance and business teams.
- Experience with regulatory audit and inspection preparation is advantageous.