Interim Head of Compliance SMF16 (6 month FTC)

JR United Kingdom; Shrewsbury; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution is seeking an Interim Head of Compliance for a 6-month fixed-term contract in Shrewsbury. The role involves overseeing compliance processes, managing a team, and ensuring adherence to regulatory frameworks. Ideal candidates will have extensive experience in banking compliance and regulatory oversight, specifically relating to FCA requirements.

Qualifications

• Experience in retail and/or digital banking, ideally in a previous SMF16 role.
• Knowledge of FCA Handbook and regulatory requirements for banking firms.
• Strong understanding of MiFID, EMIR, PSD2, GDPR.

Responsibilities

• Oversee and manage the Compliance team, ensuring adherence to regulatory requirements.
• Monitor Data Protection/GDPR compliance across the business.
• Conduct compliance training for staff and promote a culture of compliance.

Skills

Regulatory Compliance

Financial Crime Management

GDPR Compliance

Risk Assessment

Communication

Job description

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

Client: Compliance Professionals

Location: Shrewsbury, United Kingdom

Job Category: Other

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.

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 its appropriateness relative to business activities.
• Ensure regulatory rules and permissions are mapped and documented against business activities.
• Regularly assess the effectiveness of compliance measures and procedures, addressing deficiencies as needed.
• Assist the regulated activities team in complying with MIFID obligations, including BCOBs and CDR.
• Approve Terms & Conditions annually.
• Oversee complaint handling and Data Subject Access Requests.
• Advise on applicable regulations and procedures, including horizon scanning.
• Provide management information to committees, highlighting risks and threats.
• Assess regulatory risk through compliance monitoring and analysis, improving controls and systems.
• Conduct compliance training for staff, proportionate to the bank's activities.
• Communicate emerging regulatory rules impacting the business.
• Oversee the firm's policies and procedures for countering regulatory and financial crime risks.
• Design and monitor periodic compliance checks from a second line of defense perspective.
• Conduct quality assurance and thematic reviews as needed.
• Promote a culture of compliance within the organization.
• Support projects requiring compliance expertise.

Experience Required:

• Experience in retail and/or digital banking; previous SMF16 role or sufficient experience to cover it.
• Knowledge of FCA Handbook and regulatory requirements for banking firms.
• Strong understanding of MiFID, EMIR, PSD2, GDPR.
• Knowledge of banking operations, especially in small/medium-sized institutions.
• Ability to develop and improve policies and frameworks.
• Experience with second-line monitoring techniques.
• Experience establishing compliance workstreams and policy frameworks.

For further information, please contact Hannah Tabatabai.