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For Companies At a Glance
- Tasks: Lead compliance and financial crime management, ensuring regulatory adherence across the bank.
- Company: Join a leading bank committed to maintaining high compliance standards and a strong ethical culture.
- Benefits: Enjoy a competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Make a real impact in shaping compliance strategies while working with senior management in a reputable institution.
- Qualifications: 10+ years in compliance and financial crime, with SMF16&17 certification and strong UK regulatory knowledge.
- Other info: This role is pivotal for driving compliance culture and responding to evolving regulations.
The predicted salary is between 88000 - 110000 £ per year.
Head of Compliance and MLRO – SMF16&17 (BH-112169-3)
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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Head of Compliance and MLRO - SMF16&17 (London) 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 (London)
✨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
Prepare to demonstrate your leadership skills and experience in managing compliance frameworks. Think of specific examples where you've successfully implemented policies or led teams through regulatory changes, as this will be crucial in interviews.
✨Tip Number 4
Research StudySmarter’s values and culture to align your approach during the interview process. Understanding our mission and how compliance plays a role in achieving it can help you articulate why you’re a great fit for the team.
We think you need these skills to ace Head of Compliance and MLRO - SMF16&17 (London)
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 roles related to SMF16 and SMF17. Use specific examples that demonstrate your understanding of UK regulatory requirements.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Head of Compliance role. Discuss your leadership experience and how you've successfully implemented compliance frameworks in previous positions.
Showcase Relevant Achievements: Include quantifiable achievements in your application, such as successful compliance audits or improvements in AML/CTF frameworks. This will help illustrate your capability to lead compliance efforts effectively.
Demonstrate Knowledge of Regulatory Changes: Highlight your ability to stay updated with current and future regulatory changes. Mention any specific instances where you have advised senior management on compliance standards or changes in regulations.
How to prepare for a job interview at Broadgate
✨Know Your Regulatory Framework
Make sure you have a solid understanding of the UK regulatory requirements relevant to compliance and financial crime. Be prepared to discuss how these regulations impact the bank's operations and your approach to ensuring compliance.
✨Demonstrate Leadership Skills
As a Head of Compliance, you'll need to showcase your leadership abilities. Prepare examples of how you've successfully led teams in the past, particularly in implementing compliance frameworks or managing regulatory changes.
✨Stay Updated on Industry Trends
Show that you're proactive about keeping up with current and future regulatory changes. Discuss any recent developments in compliance or financial crime that could affect the banking sector and how you would address them.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Think of specific instances where you've had to deal with suspicious activity reports or implement AML/CTF frameworks, and be ready to explain your thought process.
