Reference Quantity: ST0363

Particulars of ordinary

Position and occupation

Senior compliance and threat specialist

Occupational profile

All monetary providers organisations have to fulfill a variety of compliance and threat necessities set out in laws e.g. knowledge safety, or required by regulators e.g. monetary crime, operational threat. To satisfy these necessities many organisations can have devoted threat and compliance departments which can be specialists within the related laws and regulator necessities. They supply proactive help and steerage to the enterprise areas to make sure that the organisation meets this big selection of necessities, balanced in opposition to attaining acceptable buyer outcomes.  In some organisations, this experience could also be embedded within the enterprise areas themselves.

Typical job titles: 

Senior compliance specialist and Senior threat specialist

Position profile

Throughout the threat and compliance perform of a selected organisation, the function of the Senior compliance and threat specialist is to supply prime quality enter and recommendation to the enterprise of their specialist space(s) of experience e.g. threat, monetary crime, compliance, modelling and analysing knowledge. That is more likely to embrace coping with complicated issues, implementing new authorized and regulatory necessities, working with senior managers within the organisation. The function requires sound moral requirements, important technical experience, along with the potential to affect senior members of the organisation as there can usually be differing views on the suitable motion to take. Deep underpinning information of threat and compliance frameworks, insurance policies and procedures can be required. It might cowl compliance or threat features or be a mix of each relying on the organisation.

This can be a core and choices mannequin, the place the particular technical information required is roofed within the single chosen possibility.

Entry necessities

Particular person employers will set the choice standards for his or her apprenticeships.


Core Data –  required by all apprentices


What is required

Threat and compliance framework

Deep understanding of the monetary providers authorized and regulatory framework, the function of the completely different regulators (if acceptable), their targets and first features, the inter-relationships between them. Can clearly articulate the implications of non-compliance for his or her organisation.

Business and firm understanding

Deep understanding of the construction of the Monetary Companies trade and specifically the function their sector and organisation performs; the aim of the perform through which they work; how their perform pertains to the broader enterprise. Deep understanding of the impression the exterior surroundings has on Monetary Companies and their function, along with related greatest follow. Understands the organisation’s ‘Values’, skilled requirements and the way these are evidenced via their function. Clearly understands the aim of the completely different areas of the organisation they should work with of their function and the way they help them.

Clients and merchandise

Sound understanding of the shopper segments that the organisation delivers to, and the method to delivering honest buyer outcomes throughout the enterprise – notably for his or her function. Broad understanding of the services and products offered to prospects by their organisation. Deep understanding of the services and products that they help, notably because it pertains to their function e.g. inherent dangers that should be managed

Programs and processes

Understands the techniques, instruments and processes used within the function, along with the requirements to be met, together with IT instruments.


(the apprentice should full one of many 4 information choices listed beneath)

Technical information  What’s required
Specialist threat

Working information of related threat frameworks and methodologies in Monetary Companies e.g. threat urge for food, thresholds, key threat indicators. Deep understanding of the methodologies, instruments and methods used of their organisation for managing the particular space(s) of threat coated by their function. Examples of threat areas are: operational, conduct, credit score, market, liquidity, capital, folks

Monetary crime

Deep understanding of authorized, Monetary Conduct Authority (FCA) and different guidelines and rules related to their function along with how these are utilized inside their organisation; typical dangers and controls; present greatest follow. This may increasingly embrace monetary crime, anti cash laundering, terrorist financing.


Deep understanding of authorized, FCA, Prudential Regulation Authority and different guidelines and rules related to their function along with how these are utilized inside their organisation; typical dangers and controls; present greatest follow. This may increasingly embrace know your buyer, coaching and competence, authorized individuals, related conduct of enterprise, knowledge safety.

Compliance and threat (for smaller organisations)

Sound understanding of the vary of threat and compliance necessities for his or her function e.g. operational threat, monetary crime, know your buyer, coaching and competence, authorized individuals, conduct threat, complaints, knowledge safety. This could embrace each the precise authorized and regulatory necessities eg FCA Handbook and the insurance policies and procedures utilized by the organisation to implement these necessities.

Core abilities – Required by all apprentices


What is required

Technique and planning

Contributes to the event of technique and operational plans for his or her space. Manages and stories on progress of particular components of this of their space of accountability. Proactively plans and organises their work, clearly figuring out priorities, to fulfill commitments, KPIs, together with regulator deadlines.

Delivering providers

Gives help, steerage and problem the place essential to the enterprise of their space of experience. Carries out all required actions, utilizing agreed techniques and processes, to make sure that the related insurance policies of the organisation for his or her space of specialisation are met. Works with the enterprise to construct their experience and understanding of their tasks via e.g. teaching, coaching. Takes the initiative to fulfill difficult particular person and crew efficiency measures in step with firm coverage, Values, requirements and regulatory necessities. Delivers initiatives as required.

Evaluation and drawback fixing

Analyses and interprets a variety of complicated enterprise info, authorized and regulatory info. Produces a variety of outputs that will embrace suggestions, administration stories, draft steerage, insurance policies, procedures for inside or exterior use. This may increasingly contain complicated modelling utilizing acceptable instruments. Works on particular and sometimes complicated issues and points with the enterprise, finishing up evaluation, recommending options.

Speaking and influencing

Offers successfully with prospects and colleagues at each degree of the organisation, utilizing sound interpersonal abilities and speaking nicely via a variety of media utilizing language that’s significant to the recipient e.g. written stories, displays, telephone, head to head, electronic mail. Communicates complicated info clearly. Listens actively to know wants and adapts their fashion to the recipient. Engages proactively with prospects and colleagues, together with senior managers. Challenges in an acceptable manner when mandatory and influences managers on the specified plan of action to make sure compliance and threat necessities are met.


Builds and maintains robust optimistic working relationships with prospects, colleagues, suppliers and regulators as acceptable.  Constantly helps colleagues and collaborates to attain outcomes. Conscious of their function inside crew, how their crew suits throughout the enterprise and the way the crew’s selections impression on others. Takes a management function within the crew when acceptable.

Steady enchancment

Identifies alternatives to drive increased efficiency and enhance service delivered. Takes possession and leads growth of particular modifications via to implementation – this may occasionally embrace initiatives wider than their function.

Growing self and others

Retains updated with related authorized and regulatory modifications and alerts others to the implications the place mandatory. Seeks suggestions and acts on it to enhance their efficiency. Builds their very own functionality via possession of their very own growth, working with their supervisor. Acts as a task mannequin and helps others of their growth as acceptable.

Core behaviours – Required by all apprentices


What is required

Honesty and integrity

Truthful, honest and reliable of their actions. Exhibits integrity by doing the fitting factor.

Maintains acceptable confidentiality always. Seen function mannequin and coaches others the place acceptable.


Adapts positively to altering work priorities and patterns when new duties should be carried out or enterprise necessities change.


Shows power and enthusiasm in the way in which they go about their function, dealing positively with setbacks once they happen. Stays optimistic below strain, taking others with them.


The size of this apprenticeship is usually anticipated to be 36 – 42 months. The size could differ relying on prior expertise.


The apprentice will full one acceptable qualification (as thought-about most related by the employer) from one of many following Skilled our bodies:

  • Worldwide Compliance Affiliation – Worldwide diploma in anti cash laundering; Worldwide diploma in governance; Threat and compliance; Superior certificates in enterprise compliance; Worldwide diploma in monetary crime prevention; Worldwide superior certificates in Anti cash laundering; Worldwide superior certificates in sensible buyer due diligence; Worldwide superior certificates in managing fraud; Worldwide superior certificates in regulatory compliance; Worldwide superior certificates in managing sanctions threat.
  • London Institute of Banking and Finance – Chartered associateship programme
  • Chartered Banker Institute – Affiliate Chartered Banker Diploma; Chartered Banker Diploma; Skilled Bankers certificates; Skilled Bankers Diploma
  • Chartered Insurance coverage Institute – Superior Diploma in Insurance coverage; Diploma in Insurance coverage
  • Chartered Institute of Credit score Administration – Diploma in Credit score Administration; BA(Hons) Credit score Administration; CSA Diploma in Compliance Threat Administration
  • Institute of Threat Administration – Worldwide Certificates in Threat Administration; Certificates in Threat Administration in FS; Worldwide Diploma in Threat Administration
  • Chartered Institute of Securities and Funding – Diploma in Funding Compliance
  • Chartered Banker Institute (CBI)

New apprentices:

  • Affiliate Chartered Banker Diploma 2018 (2 from 3 modules) – Affiliate Chartered Banker Designation
  • Superior diploma in Banking and Management in a digital age (4 from 5 modules) – Chartered Banker Designation
  • Skilled Banker Diploma – Certificated Skilled Banker Designation
  • Skilled Banker Certificates

Current apprentices half manner via research will proceed on their qualification listed beneath following any transitional preparations as proven on :

  • Affiliate Chartered Banker Diploma (pre-Oct 2018 – 3 from 7 modules) – Affiliate Chartered Banker Designation
  • Chartered Banker Diploma (pre-Oct 2018 – 5 from 7 modules) – Chartered Banker Designation
  • Skilled Banker Diploma – Certificated Skilled Banker Designation
  • Skilled Banker Certificates

Apprentices with out degree 2 English and maths might want to obtain this degree previous to taking the tip level evaluation.

Link to skilled registration and development

This customary permits the apprentice to use for the suitable degree {of professional} membership aligned with this degree of qualification from the related skilled physique, relying on which qualification is taken.

On completion of this apprenticeship, the apprentice can be totally competent within the function and might proceed to develop their profession throughout the organisation via a variety of potential pathways, both remaining within the compliance and threat space or transferring to different areas of the enterprise and making use of the specialist experience they’ve gained.


This can be a Degree 6 apprenticeship.

Assessment date

After 3 years or when important change is required.

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