Head of Compliance and MLRO - SMF16&17

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 Defence (1LoD) procedures and monitoring programmes to ensure that 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.

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