Exclusive: Head of Compliance & MLRO – Senior Corporate Banking Compliance Experience Required
Ref: 4188G
£120K-£150K + Bonus & Benefits London
We have been exclusively appointed by our Client, a Global Corporate and Retail Bank, to find a Head of Compliance & MLRO to hold the UK SMF16 and SMF17 for their UK banking business. Reporting to the CEO & Board and managing a team, duties will include:
- Responsibility for the operation of the Bank’s Compliance Function in accordance with UK regulatory requirements.
- Overall responsibility for the Bank’s policies and procedures for mitigating regulatory risk.
- Act as the Data Protection Officer (DPO) for the Bank and point of contact for data subjects and authority for the Information Commissioner’s Office (ICO) in the United Kingdom.
- Identifying regulatory changes and assessing whether these are relevant to the Bank and disseminating to senior management as necessary.
- Serving as a first point of contact for all staff in the Bank for compliance advice, guidance and insight into regulatory issues.
- Preparing and periodically revising the Bank’s Compliance Manual and contributing to the Recovery Plan in relation to compliance matters.
- Overseeing Bank’s compliance monitoring activity.
- Working closely with those in the First Line of Defence to address any weaknesses in controls to mitigate compliance risks.
- Attending the Bank’s Risk & Compliance Committee (RCC) and Executive Committee (EMC); and providing sufficient management information to facilitate oversight and challenge over compliance activity and compliance risk.
- Acting as the Banks MLRO and developing AML guidance materials and training resources for staff on AML matters.
- Performing regular monitoring activity to ensure regulations are adhered to, especially high-risk accounts and politically exposed persons (PEPs).
- Liaising with the relevant authorities and notifying them of breaches or suspicious activity as required.
- Compiling reports for the Board and Risk & Compliance Committee (RCC) to facilitate oversight and the submission of an annual MLRO report to the RCC.
The successful candidate will be of graduate calibre and must have gained a minimum of twelve years financial services compliance experience, with a good knowledge of the relevant UK Compliance and AML rules and regulations applicable to a UK Banking business. Previous registration as SMF16 and/or 17 advantageous but more important will be your ability and confidence to operate effectively at board level as well as various committees expected to attend and represent the bank with external parties including the FCA & PRA.
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