Scheme; FPS & CHAPS Assurance Executive

Overview

Challenger Bank based in Canary Wharf; £40-50k basic + benefits & bonus;
Office based until end of training & probation, then hybrid working available.

Our client is a high growth challenger bank, with an office in Canary Wharf, who are keen to add a new member to their security & risk team. The role is to ensure that the bank's operational and technical processes align with scheme requirements, regulatory standards, and industry best practices. This will involve:

• Scheme Compliance: Conduct thorough assessments based on scheme requirements to verify that the bank's operations meet the specified criteria, ensuring compliance with industry standards and regulatory guidelines.
• Regulatory Adherence: Continuously monitor and verify that the bank's processing activities adhere to relevant regulatory requirements. Promptly address any non-compliance issues and collaborate with internal teams to implement corrective actions.
• Continuous Improvement: Actively contribute to the bank's efforts to enhance operational efficiency and scheme compliance. Identify areas for improvement in processes, procedures, and systems and work towards their implementation.
• Scheme Expertise: Develop a deep understanding of the Faster Payments Service (FPS) and CHAPS scheme operational and technical requirements. Provide guidance and training to internal teams to ensure comprehensive compliance with these schemes.
• Documentation and Reporting: Maintain detailed records of compliance assessments, findings, and action plans. Prepare reports and documentation for internal and external audits to ensure transparency and accountability.
• Collaboration: Collaborate closely with cross-functional teams, including IT, operations, risk management, and compliance, to facilitate a unified approach to scheme assurance and compliance, fostering effective teamwork and communication.
• Scheme Changes: Stay updated with any changes or updates to scheme requirements and ensure that the bank's operational processes are adjusted promptly to remain compliant.
• Risk Mitigation: Identify and assess potential risks related to scheme compliance and work proactively to mitigate these risks, safeguarding the bank's reputation and customer satisfaction.

• Minimum 2-3 years experience within a scheme assurance, compliance, or a related role within the financial industry / banking
• Strong understanding of payment schemes, with a focus on FPS and CHAPS.
• Excellent attention to detail and analytical skills.
• Effective communication and interpersonal skills to work collaboratively with cross-functional teams.
• Ability to interpret and apply complex regulatory requirements.
• Strong organizational and documentation skills.
• Commitment to continuous improvement and staying up to date with industry changes.