Head of Compliance and MLRO

Compliance Professionals; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A prominent banking institution in London seeks a Head of Compliance to oversee compliance and financial crime prevention functions, ensuring alignment with regulatory requirements. The role requires strong compliance knowledge, experience with FCA regulators, and a strategic outlook on regulatory management. This permanent position offers an opportunity to drive compliance initiatives at a high level.

Qualifications

• FCA registered candidate – SM16.
• Experience in retail or investment banking compliance.
• 5+ years working with FCA and PRA regulators.

Responsibilities

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

Skills

Compliance knowledge

AML expertise

Regulatory relationship management

Training and mentoring

Job description

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. THE 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