Head of Compliance & MLRO

HEAD OF COMPLIANCE & MLRO - CORPORATE BANKING EXPERIENCE REQUIRED G

We have been appointed by our client, the UK Branch Office of a Leading Foreign Bank, to help source a new Head of Compliance & MLRO for their London Office. The role will report directly to the UK General Manager and UK Board. Duties will include:

• Act as the Bank’s SMF
  16 Compliance Oversight function holder and provide effective oversight of the Bank’s compliance with applicable FCA and PRA requirements.
• Develop, execute, maintain, review and enhance the Bank’s regulatory compliance framework, including the Compliance Manual, policies, procedures, compliance monitoring framework and related governance documents.
• Develop, execute, maintain, review and enhance a risk-based Compliance Monitoring Plan, including thematic reviews, control testing, recommendations, follow-up actions and reporting of findings.
• Monitor developments in applicable UK regulatory requirements, supervisory expectations and good industry practice, and assess their impact on the Bank.
• Prepare and deliver compliance Management Information (“MI”) and reports to the Board, the Audit & Risk Committee, senior management.
• Oversee and coordinate the Bank’s non-financial regulatory reporting obligations, ensuring timely, accurate and complete submissions and appropriate internal approval.
• Liaise with the FCA, PRA, auditors, and other external stakeholders as required.
• Act as the Bank’s SMF
  17 Money Laundering Reporting Officer and serve as the focal point for the Bank’s AML, counter-terrorist financing, sanctions and wider financial crime compliance activities.
• Develop, execute, maintain, review and enhance the Bank’s financial crime framework, including policies and procedures covering AML/CTF, sanctions, customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting, bribery and corruption, fraud and related controls.
• Act as the Bank’s Data Protection Officer (“DPO”), and act as the main point of contact for data protection matters.

You will have gained solid Compliance and AML experience in a similar Corporate Banking or Foreign Bank Branch environment with a detailed knowledge of FCA & PRA rules and a good understanding of AML requirements. You must also have been be SMF 16 and 17 approved (or be eligible to hold SMF 16 & 17 if not previously been approved).

The recruiter has stated that all applicants for this job should be able to prove that they are legally entitled to work in the UK. Through application, all candidates signify their acceptance of the above information and confirm that the information they provide is true and accurate to the best of their knowledge.