Head of Compliance and MLRO

Compliance Professionals; City Of London; On-site; GBP 90,000 - 120,000; Full time

Job summary

A financial services firm in London is seeking a Head of Compliance to oversee compliance and financial crime prevention functions. The ideal candidate will have a minimum of 5 years of experience with FCA and PRA regulators and a strong understanding of UK regulatory requirements. This permanent role involves coordinating compliance issues and developing robust systems to ensure adherence to regulations.

Qualifications

• FCA registered candidate - SM16.
• Wide-ranging compliance experience in retail or investment banking.
• Minimum of 5 years working with FCA and PRA regulators.

Responsibilities

• Coordinate compliance issues with the Management Committee and Compliance team.
• Oversee and manage Compliance and Financial Crime Prevention functions.
• Develop monitoring activities to ensure compliance.

Skills

Compliance management

Financial crime prevention

Regulatory knowledge

Stakeholder engagement

Data protection

Job description

Overview

THE COMPANY: Our client is international Corporate and Retail banking company based in the City. They are looking for a Head of Compliance on a permanent basis.

Responsibilities

• To work closely with the Management Committee and Compliance team to co-ordinate various compliance issues (for example: Consumer Duty, Conduct Risk, Treating Customers Fairly, AML, Fraud, and the Senior Managers Regime) with a view to ensuring that the businesses operate in accordance with the Bank's policies and procedures, and local regulatory requirements.
• To oversee and manage the Compliance and Financial Crime Prevention functions.
• To develop and implement relevant and appropriate monitoring activity in the businesses.
• To closely manage and maintain positive, open relationship with the regulators.
• To help provide guidance and advice to businesses on procedures and processes necessary to ensure, and demonstrate, compliance with the Bank's policies.
• To help ensure that businesses have adequate controls, procedures, systems, training and other arrangements (preventative and detective) to enable them to deal appropriately, and on a timely basis, with applicable conduct risk, Senior Managers Regime, Data Protection and Financial Crime Prevention related requirements.
• To support the development of compliant, flexible and robust systems, procedures and controls within the businesses to meet conduct and AML objectives and improve the businesses' performance in these areas.
• To help ensure that relevant and reliable management reports are delivered to management and board committees on a timely basis in order to enable effective action to be taken where necessary.
• To facilitate effective and constructive sharing of knowledge and experience of compliance issues and to effectively engage with other parts of the Group.

Experience Required

• FCA registered candidate - SM16
• Wide-ranging compliance experience in a retail or investment banking financial services environment.
• Extensive experience in Compliance and AML operating as Head of compliance
• Minimum of 5 years' experience working with FCA and PRA regulators and with Board level stakeholders.
• Good understanding of current and anticipated UK regulatory requirements and supervisory expectations.

For further information please contact Hannah Tabatabai