Head of Compliance & MLRO - FCA Oversight Leader

Mphasis; Sheffield; On-site; GBP 120,000 - 180,000; Full time

Job summary

Mphasis UK Ltd seeks a Head of Compliance, Compliance Oversight & Money Laundering Reporting Officer to provide independent oversight of the regulatory framework and AML/CTF controls. The role covers SMF16/SMF17 responsibilities, consumer duty, and governance of outsourced activities.

The post holder will report to the Managing Director and work with the Board to monitor regulatory developments, deliver risk-based reviews, and ensure customer outcomes remain at the forefront of decisions.

Qualifications

• Significant experience within an FCA-regulated financial services environment.
• Strong working knowledge of the FCA Handbook, including CONC, SYSC, DISP, Consumer Duty and SM&CR.
• Experience developing, implementing or monitoring compliance frameworks, policies and controls.
• Experience undertaking compliance monitoring, regulatory advice and risk assessments.
• Good understanding of AML, sanctions, customer due diligence and financial crime requirements.
• Experience preparing management information and presenting compliance matters to senior management.
• Excellent communication, analytical and stakeholder management skills.

Responsibilities

• Lead the firm's Compliance and Financial Crime function, providing independent oversight of regulatory compliance and ensuring obligations are met.
• Act as SMF16 and SMF17 subject to FCA approval, taking personal responsibility for the firm's compliance and AML frameworks.
• Develop and maintain an effective compliance framework with policies and controls.
• Design and deliver a risk-based Compliance Monitoring Programme with reviews and remediation.
• Provide oversight of AML/CTF/sanctions and financial crime arrangements including due diligence and SARs.
• Act as Nominated Officer for suspicious activity reporting and external disclosures as needed.
• Oversee the Appointed Representative and outsourced regulated activities.
• Monitor FCA rules and regulatory changes, advising the Board on implementation.
• Prepare and present regular compliance and financial crime reports to the Board.
• Support Consumer Duty and embed customer outcomes in day-to-day operations.
• Promote a culture of compliance and regulatory awareness through training and guidance.

Skills

Commercial Awareness

Regulatory Expertise

Risk-Based Decision Making

Independent Judgement

Leadership & Influencing

Analytical Thinking

Communication Skills

Governance & Organisational Skills

Relationship Management

Continuous Improvement

Education

Degree or equivalent professional experience

Professional compliance qualification or working towards one

AML or Financial Crime qualification desirable

Eligibility to obtain FCA approval as SMF16 and SMF17

Job description

Mphasis UK Ltd seeks a Head of Compliance, Compliance Oversight & Money Laundering Reporting Officer to provide independent oversight of the regulatory framework and AML/CTF controls. The role covers SMF16/SMF17 responsibilities, consumer duty, and governance of outsourced activities.

The post holder will report to the Managing Director and work with the Board to monitor regulatory developments, deliver risk-based reviews, and ensure customer outcomes remain at the forefront of decisions.