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Head Of Compliance and MLRO

  • Job type: Permanent
  • Location: London
  • Salary: Competitive
  • Job reference: Head & MLRO
  • Sector: Banking and Finance, Selby Jennings, Compliance
  • Date posted: 09/04/2018
Head of Compliance and MLRO

You will be responsible for meeting the Regulatory Requirements for the Bank, its branches and subsidiaries and perform duties of  MLRO. This would be a fantastic opportunity for someone who enjoys travel and is looking to progress their career.

Responsibilities as the Head of Compliance
  • Develop, maintain and enhance the compliance policies, procedures, processes and ensure Compliance Manual is updated. 
  • Undertake the annual Compliance Monitoring Programme and report any deficiencies to senior management.
  • Ensure global consistency and high-quality standards across the business and various locations around the world.
  • Assist Senior Management in liaison with Regulatory agencies.
  • Maintain relationships with the FCA/PRA and other regulators
  • Assist the Bank in understanding and addressing all applicable regulations. This will include the provision of training on Compliance related matters to Business, e.g. AML, COBS - Conflicts of Interest, Market Abuse, Insider Dealing, ABC, etc., CASS & COLL.
  • Report monthly to the CEO and regularly to Senior Management on Compliance related matters

Responsibilities as the MLRO:

  • Develop and implement the compliance strategy to meet the Regulatory requirements
  • Review AML requirements and ensure implementation of AML systems and controls.
  • Receive internal disclosures of suspected money laundering or terrorist financing
  • Implement Customer Due Diligence measures.
  • Ensure that periodic client reviews are completed by Front Office in a timely manner.
  • Maintain client records.
  • Organise and arrange anti-money laundering training for staff.
  • Organise and arrange anti-money laundering training for staff.
  • Advise and disseminate information to business units of proposed or pending regulatory changes.
  • Advise and guard against tipping-off or prejudicing an investigation once a SAR has been made.
  • Prepare annual MLRO report to Audit Committee, in addition to quarterly updates as requested,

Requirements:

  • Proven Compliance Monitoring Experience gained within financial services.
  • Successful track record of achievement with monitoring related activities
  • Good product and sector knowledge of the broad financial services regulatory regime.
  • Team player skills,
  • Resilience
  • Language skills would be preferable.
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