Head of Compliance & MLRO (SMF16/17)

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

Job summary

Mphasis UK Ltd is seeking a Head of Compliance, Compliance Oversight & Money Laundering Reporting Officer to provide independent oversight of the regulatory compliance framework and AML/CTF arrangements. The role spans SMF16 and SMF17 responsibilities, ensuring FCA rules are met and consumer duty outcomes are embedded.

The post reports to the Managing Director and requires FCA approval, strong leadership, and a proactive governance mindset across the principal firm and its overseas

Qualifications

• Significant experience within an FCA-regulated financial services environment.
• Strong knowledge of the FCA Handbook: CONC, SYSC, DISP, Consumer Duty and SM&CR.
• Experience developing, implementing or monitoring compliance frameworks, policies and controls.
• Experience of 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 under FCA rules are met.
• Act as SMF16 and SMF17 subject to FCA approval, taking personal responsibility for compliance and AML frameworks.
• Develop and maintain an effective compliance framework with policies, procedures and controls.
• Design and deliver a risk-based Compliance Monitoring Programme with reviews and remediation.
• Oversee AML/CTF, sanctions and financial crime arrangements including due diligence and suspicious activity reporting.
• Act as Nominated Officer for internal suspicious activity reports and disclosures as needed.
• Provide oversight of the Appointed Representative and outsourced regulated activities.
• Monitor FCA rule changes and advise on implementation; present regulatory reports to Board.
• Support Consumer Duty and embed it into day-to-day operations.
• Promote a culture of compliance and training across the organisation.

Skills

FCA compliance

Regulatory knowledge

Compliance monitoring

AML knowledge

Management information

Communication skills

MLRO experience

Education

Degree or equivalent

Compliance qualification in progress

AML/Financial Crime qualification

Job description

Mphasis UK Ltd is seeking a Head of Compliance, Compliance Oversight & Money Laundering Reporting Officer to provide independent oversight of the regulatory compliance framework and AML/CTF arrangements. The role spans SMF16 and SMF17 responsibilities, ensuring FCA rules are met and consumer duty outcomes are embedded.

The post reports to the Managing Director and requires FCA approval, strong leadership, and a proactive governance mindset across the principal firm and its overseas