Interim Head of Compliance SMF16 (6 month FTC)

JR United Kingdom; Chelmsford; On-site; GBP 60,000 - 85,000; Full time

Job summary

A multi-jurisdictional financial institution is seeking an Interim Head of Compliance for a 6-month FTC in Chelmsford. The role entails managing the compliance team, overseeing regulations, and developing compliance training, requiring strong banking and regulatory knowledge.

Qualifications

• Previous SMF16 holder or sufficient experience to cover SMF16 role.
• Understanding of general banking operations, especially in small/medium-sized institutions.
• Ability to develop and enhance policies and frameworks.

Responsibilities

• Oversee and manage the Compliance team.
• Monitor data protection/GDPR compliance.
• Develop and deliver compliance training programs.
• Advise on regulatory compliance and financial crime matters.

Skills

Retail banking experience

Digital banking experience

Knowledge of FCA Handbook

Strong knowledge of MiFID

Knowledge of GDPR

Job description

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Interim Head of Compliance SMF16 (6 month FTC), Chelmsford

Client: Compliance Professionals

Location: Chelmsford

Job Category: Other

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EU work permit required: Yes

Job Views: 1

Posted: 04.06.2025

Expiry Date: 19.07.2025

Job Description:

THE COMPANY:

The client is a multi-jurisdictional financial institution offering Private Banking, Retail, and Digital Banking for corporate and retail clients. They are looking to hire a Head of Compliance on a 6-month FTC basis.

THE RESPONSIBILITIES:

• Oversee and manage the Compliance team, providing direction, support, and insight into regulatory compliance and financial crime matters.
• Monitor, advise, and oversee Data Protection/GDPR compliance across the business.
• Manage the regulatory policy framework, ensuring it remains appropriate to the business activities.
• Ensure regulatory rules and permissions are mapped and documented against business activities.
• Assess the adequacy of measures and procedures regularly, addressing deficiencies in compliance with obligations, including MiFID.
• Advise and assist responsible persons in regulated activities to comply with MiFID obligations, BCOBs, and CDD requirements.
• Oversee annual sign-off of Terms & Conditions.
• Monitor complaint handling and Data Subject Access Requests.
• Advise the business and executives on applicable regulations and procedures, including horizon scanning.
• Provide periodic management information highlighting risk exposures and emerging threats.
• Assess regulatory risk profiles through compliance monitoring and analysis.
• Enhance compliance controls through system improvements and controls.
• Develop and deliver compliance training programs proportionate to the bank’s activities.
• Assess and communicate emerging regulatory rules impacting the business.
• Manage the firm's policies and procedures for countering regulatory and financial crime risks.
• Design and monitor periodic compliance reviews from a second-line perspective.
• Conduct quality assurance and thematic reviews as needed.
• Promote a compliance culture within the wider business.
• Support project requirements with compliance expertise.

EXPERIENCE REQUIRED:

• Retail and/or digital banking experience. Previous SMF16 holder or sufficient experience to cover SMF16 role.
• Knowledge of FCA Handbook and regulatory requirements for banking firms.
• Strong knowledge of MiFID, EMIR, PSD2, GDPR.
• Understanding of general banking operations, especially in small/medium-sized institutions.
• Ability to develop and enhance policies and frameworks.
• Experience with second-line monitoring techniques.
• Experience setting up compliance workstreams and policies.

For further information, please contact Hannah Tabatabai.