Head of Compliance & MLRO

THE COMPANY:

Our client is an international banking organisation based in the City. They are looking for a Head of Compliance & MLRO to join the Business on permanent basis.

THE RESPONSIBILITIES:

• Accountable for ensuring all managers fulfil their responsibilities
• Overseeing and assisting Senior Management as required i
• To constantly develop and maintain policies and procedures of the AML/CTF
• Conduct an annual risk assessment
• Receive and assess all internal Suspicious Activity Reports (SARs)
• To be point of contact with NCA and other regulatory, law enforcement and investigatory agencies on AML matters.
• Ensuring compliance with AML staff training obligations
• Overseeing the sanctions and transaction monitoring regime within the Bank
• To develop and implement the Compliance Framework
• Ensure that the Bank consistently and effectively operates within all relevant regulatory and statutory requirements at all times.
• Advise on changes in the rules and regulations and compliance standards
• Regulatory returns to be completed and timeframes for submission to the FCA/PRA/other Regulators.
• Maintain and oversee record keeping
• Ensure that the Bank's Complaints Procedures are correctly followed and reports made to the FCA as appropriate.
• Monitor and record the Bank's compliance with the legal and regulatory requirements
• Liaise with the regulators as necessary
• Management of the Financial Crime and Compliance function
• Prepare and present the MLRO annual report
• Be an active member of the Executive Risk Committee.

EXPERIENCE REQUIRED:

• Experience in areas of compliance and holding SMF17 and SMF17 or substantial experience operating at a deputy and wanting to take the next step
• Ideally experience in a banking environment
• Strong understanding of relevant UK regulatory requirements.
• Detailed understanding of financial services compliance.
• Strong stakeholder management experience

For further information please contact Natalie Eshelby