A Guide to Compliance Jobs in London

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In a financial services company, the compliance department ensures that business is conducted in line with all relevant laws and regulations. This activity is essential to safeguard corporate reputation, and to protect customers from financial crimes like fraud. 

Examples of financial services regulations include anti-money laundering and data protection, while a host of legislation exists to prevent market abuse such as insider trading. Working in this field is interesting and well paid, ticking all the boxes for a rewarding and varied career. 

As one of the world’s leading financial centres, London is a great place to find compliance jobs. Roles offered include: Compliance Officer, Compliance Manager and Compliance Consultant, and each position comes with its own unique set of challenges and responsibilities.


Compliance Officer

A Compliance Officer monitors and implements policies and procedures to mitigate risk and prevent illegal or unethical behavior.

Day to day this involves:

  • Keeping up-to-date with regulatory changes 
  • Developing and implementing compliance policies and procedures
  • Reviewing and monitoring compliance performance
  • Performing compliance risk assessments 
  • Investigating potential compliance violations
  • Cross department collaboration to ensure compliance with relevant laws and regulations
  • Maintaining records and preparing reports.

Presently, the average salary for a Compliance Officer in London is between £35,000 - £60,000 per year. 


Compliance Manager

Compliance managers are more senior than compliance officers and typically undertake a range of additional duties, including:

  • Conducting compliance training for employees
  • Advising senior management on regulatory compliance matters
  • Representing the company in interactions with regulatory bodies.

Consequently, these roles are better paid and the average salary for a Compliance Manager in London is between £50,000 - £85,000 per year. 


Compliance Consultant 

A Compliance Consultant is an external advisor tasked with assessing and improving compliance policies and procedures. They have a deep understanding of financial services and specific regulatory requirements that apply to the company that employs them.

Working as a Compliance Consultant typically involves:

  • Reviewing and assessing current compliance policies, procedures, and controls
  • Identifying regulatory compliance risks and recommending ways to mitigate them
  • Developing and implementing compliance policies, procedures, and controls
  • Providing guidance and training on compliance-related topics
  • Assisting with regulatory examinations and audits
  • Monitoring regulatory changes and keeping the company informed of relevant developments
  • Performing compliance testing and assessments
  • Advising the company on compliance-related issues
  • Providing ongoing support and guidance to ensure continued compliance.

The average salary for a Compliance Consultant in London is between £40,000 - £80,000 per year. Consultants are also employed on a contract basis. The typical day rate for this type of arrangement ranges from £400 - £800 per day.


Not everyone who works in compliance in London is a generalist. There are several specialisms in this field and some jobs are in particularly high demand.

Sought after compliance professionals include:

  • Anti-Money Laundering (AML) Compliance Officer
  • Know Your Customer (KYC) Compliance Analyst
  • Financial Compliance Risk Manager
  • Financial Crime Compliance Officer
  • Financial Markets Compliance Officer
  • Investment Compliance Officer

Candidates with the right skills to fill these positions can earn well above the average salary. £100,000 plus is possible depending on experience and the size of the organisation that is hiring. 

 

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