Compliance Monitoring Officer Salary
£31,000
Job profile for a Compliance Monitoring Officer
• Assisting the Money Laundering Reporting Officer on the bank’s AML activities including the reporting of suspicious transaction. This may also include acting as the Deputy MLRO of the bank; • Ensuring Know Your Customer policies and procedures are adhered to including reviewing all new account applications and profiles; • Maintaining and implementing the bank’s risk based compliance monitoring program. This will include producing concise and detailed monitoring reports and ensuring that issues raised are resolved/or escalated in a timely manner; • Assisting in providing compliance and anti money laundering training to all employees; • Maintaining the breaches and errors register, complaints register and other compliance records; • Pro-actively identifying and escalating to the Head of Compliance/MLRO regulatory risks and issues; • Build and maintain professional relationships with business functions to ensure effective co-operation, communication, and seek opportunity to promote higher regulatory standards and awareness; • Assisting the company secretary in preparing papers for board and committee meetings; • Undertaking other relevant duties as specified by the Head of Compliance/MLRO; • Keeping up to date with regulatory developments and informing the Head of Compliance on any significant regulatory development; • Assisting with the Implementation of Treating Customers Fairly across the business and working as part of a project team to implement new regulatory requirements; • Assisting the Head of Compliance in developing and maintaining the Bank’s compliance culture
- Compliance Monitoring Officer Job Profile
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Compliance Monitoring Officer Salary Comparison
In 2008, the average salary for this job was £30,000.The average salary in 2010 was £30,000, based on 1 respondents (a difference of 0% from the 2009 figure.
The average salary in 2011 was £32,000, based on 1 respondents (a difference of 7% from the 2010 figure.
The median salary for a Compliance Monitoring Officer based on all salary survey responses is: £31,000
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About the Salary Survey Data in this survey is based on over 368,000 individual salary records. The date period for which job information was gathered varies, but is usually between 2008 - 2012. For precise date related information, custom reports may be ordered with greater granularity. Working 8 hours a day, 250 days of the year, the data suggests the hourly rate for Compliance Monitoring Officer is £15.5.
Assorted Compliance Monitoring Officer Salary Information
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Compliance Monitoring Officer Salary By UK Region
These figures use non-job specific statistical weighting from our salary data pool and also include for comparison the salaries for a Compliance Monitoring Officer job in US Dollars based on a recent exchante rate (last rate update 02/05/2013 with a pound to dollar exchange rate 1.56) for comparisons for our international visitors
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With regard to age and impact on salary for a Compliance Monitoring Officer, a statistical average weighting (that is based on how salary varies by age and not for a specific job which may vary considerably) suggests these figures: £23,250 for a worker in their 20s, £30,380 (30s), £35,960 (40s) and £35,960 (50s).
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