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- Tasks: Lead compliance and financial crime management, ensuring regulatory adherence across the bank.
- Company: Join a leading bank in London focused on compliance and financial integrity.
- Benefits: Competitive salary, potential for career growth, and a dynamic work environment.
- Why this job: Make a real impact on banking compliance while working with senior management in a collaborative culture.
- Qualifications: 10+ years in compliance and financial crime, with strong UK regulatory knowledge required.
- Other info: This role is pivotal in shaping the bank's compliance strategy and culture.
The predicted salary is between 88000 - 100000 £ per year.
Location: London, England
Sector: Banking
Salary: £110,000.00 to £125,000.00 per annum
Overview:
To lead the management of compliance and financial crime across the operations and implement policy to meet regulatory requirements enabling the business to respond to regulatory and legislative changes. Ensure that a strong compliance and financial crime culture is recognised and embedded across the Bank. To support the Executive in achieving their Strategic Plan and objectives in a compliant manner by providing appropriate challenge and diligence.
Responsibilities:
- Accountable for ensuring all managers, as set out in the Organisation Chart fulfil their responsibilities thereby ensuring that full regulatory and statutory compliance is maintained at all times within the Bank.
- To develop and implement the Compliance Framework/Strategy for the bank to meet the regulatory requirements.
- Ensure that the Bank abides by the Banking: Conduct of Business Sourcebook.
- Keep senior management and/or related departments notified as to applicable regulatory returns to be completed and timeframes for submission to the FCA/PRA/other Regulators.
- Advise senior management and staff on changes in the rules and regulations and compliance standards including keeping them informed about potential developments in this area.
- Overseeing and implementing policies, procedures and controls to prevent and detect money laundering and other financial crime within the Bank.
- Overseeing and assisting Senior Management as required in the establishment and ongoing maintenance of the AML/CTF framework.
- To constantly develop and maintain policies and procedures of the AML/CTF framework in line with evolving statutory and regulatory obligations.
- Receive and assess all internal Suspicious Activity Reports (SARs) with onward reporting to the National Crime Agency (NCA) when required.
- Oversight of First Line of Defense (1LoD) procedures and monitoring programmes to ensure that the unusual transactions are identified and analysed.
Experience and Knowledge:
- Minimum 10 years of experience in areas of compliance and Financial crime holding SMF16&17.
- Strong understanding of relevant UK regulatory requirements.
- Ability to keep up-to-date with current and future regulatory changes that affect the firm’s business and informing relevant teams of the same.
- Adheres to the ethical standards of behaviour and code of conduct issued by the FCA under the Senior Managers Regime.
Head of Compliance and MLRO - SMF16&17 employer: Broadgate
Contact Detail:
Broadgate Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance and MLRO - SMF16&17
✨Tip Number 1
Network with professionals in the compliance and financial crime sectors. Attend industry events, webinars, or local meetups to connect with others who may have insights or opportunities related to the Head of Compliance and MLRO role.
✨Tip Number 2
Stay updated on the latest regulatory changes and trends in compliance and financial crime. Subscribe to relevant newsletters or follow key influencers on social media to ensure you’re well-informed and can discuss these topics during interviews.
✨Tip Number 3
Consider reaching out to current or former employees of the bank to gain insights into the company culture and expectations for the Head of Compliance and MLRO position. This can help you tailor your approach and demonstrate your understanding of their specific needs.
✨Tip Number 4
Prepare to discuss your experience with developing compliance frameworks and handling financial crime issues. Be ready to provide examples of how you've successfully navigated regulatory challenges in the past, as this will be crucial in showcasing your fit for the role.
We think you need these skills to ace Head of Compliance and MLRO - SMF16&17
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in compliance and financial crime, particularly focusing on your knowledge of UK regulatory requirements. Use specific examples that demonstrate your ability to lead compliance initiatives and manage regulatory changes.
Craft a Strong Cover Letter: In your cover letter, clearly articulate your understanding of the role and how your background aligns with the responsibilities outlined in the job description. Emphasise your leadership skills and your commitment to fostering a strong compliance culture within an organisation.
Showcase Relevant Achievements: Include quantifiable achievements in your application that reflect your success in previous compliance roles. For instance, mention any significant improvements you made in compliance frameworks or successful management of regulatory audits.
Proofread Your Application: Before submitting your application, thoroughly proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a compliance role.
How to prepare for a job interview at Broadgate
✨Showcase Your Regulatory Knowledge
Make sure to demonstrate your understanding of UK regulatory requirements during the interview. Be prepared to discuss recent changes in regulations and how they could impact the bank's operations.
✨Highlight Your Leadership Experience
As a Head of Compliance, you'll need to lead teams effectively. Share examples of how you've successfully managed compliance teams or projects in the past, focusing on your ability to foster a strong compliance culture.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past experiences where you had to navigate complex regulatory challenges and be ready to explain your thought process.
✨Emphasise Your Communication Skills
Effective communication with senior management and staff is crucial. Be ready to discuss how you've communicated compliance standards and changes in regulations to various stakeholders in your previous roles.
