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- Tasks: Lead compliance and AML functions, ensuring alignment with FCA regulations and best practices.
- Company: Join a boutique bank offering a supportive, low-pressure work environment.
- Benefits: Enjoy a competitive salary of £100,000 with hybrid and part-time flexibility.
- Why this job: Make a meaningful impact while engaging directly with senior leadership in a balanced setting.
- Qualifications: FCA registered with experience in SMF16 and SMF17 roles; strong compliance background required.
- Other info: Opportunity to shape compliance culture in a well-supported bank.
The predicted salary is between 60000 - 84000 £ per year.
Job Description: Head of Compliance & Money Laundering Reporting Officer (MLRO) – SMF16 & SMF17 Position: Head of Compliance & MLRO Function Holder Roles: SMF16 (Compliance Oversight) & SMF17 (Money Laundering Reporting Officer) Location: Boutique Bank (Hybrid Working / Part-Time Flexibility Available) Salary: £100,000 per annum
About the Role
This is an exciting opportunity to join a boutique bank as the Head of Compliance and MLRO, registered as a Senior Manager with the Financial Conduct Authority (FCA) under SMF16 and SMF17. We’re seeking a compliance leader with proven expertise in establishing and managing compliance functions, who has a strategic mindset and operational capability. With a supportive, low-pressure environment due to the bank’s limited deal volume and low-risk profile, this role offers a balanced work-life setup, hybrid flexibility, and even part-time arrangements for the right candidate. You will be supported by an in situ DMLRO and be responsible for the 20 strong office.
Key Responsibilities
- Compliance Oversight (SMF16):
- Lead the bank’s compliance function, ensuring full alignment with FCA regulations, industry standards, and best practices.
- Develop and implement compliance policies, procedures, and frameworks to support a risk-averse, regulated environment.
- Oversee regulatory reporting and engage in direct communication with the FCA and other regulatory bodies.
- Monitor, assess, and report on compliance risks, ensuring robust controls and mitigation strategies.
- Conduct compliance training across all departments, fostering a strong compliance culture.
- Prepare and present compliance performance and risk reports to the senior management team and board of directors.
- Money Laundering Reporting Officer (SMF17):
- Act as the designated MLRO for the bank, overseeing all anti-money laundering (AML) and counter-terrorist financing (CTF) programs.
- Implement and maintain AML and CTF policies in line with regulatory requirements and risk management objectives.
- Review and manage all AML/CTF investigations and reporting, including suspicious activity reports (SARs), ensuring timely and accurate filings.
- Liaise with relevant regulatory and law enforcement agencies, maintaining effective channels of communication and reporting.
- Stay informed on emerging trends and updates in financial crime and AML/CTF legislation, adjusting internal policies accordingly.
Candidate Profile
- Qualifications & Experience:
- FCA registered with prior experience holding SMF16 and SMF17 roles, ideally within a regulated environment.
- Strong background in compliance, risk management, and AML with a proven ability to manage regulatory relationships.
- Expert knowledge of FCA regulations and requirements, ideally within a boutique or low-risk bank setting.
- They will consider candidates who are not working in banking/trade finance.
- Skills & Attributes:
- Ability to work both independently and collaboratively with senior management, stakeholders, and teams.
- Strong strategic thinking and problem-solving abilities, with meticulous attention to detail.
- Excellent communication skills, with the ability to present complex information in a clear and actionable manner.
- Proactive, ethical, and resilient in driving compliance and AML objectives within a risk-averse framework.
Benefits
- Competitive salary of £100,000, alongside hybrid and part-time flexibility.
- Opportunity to shape the compliance and AML function within a supportive, low-pressure environment.
- Direct engagement with senior leadership and board, with autonomy to make a meaningful impact.
This role represents a unique chance for experienced compliance professionals to step into a pivotal position where they can lead both the compliance and AML functions in a balanced, well-supported bank setting.#J-18808-Ljbffr
Head of Compliance employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance
✨Tip Number 1
Make sure to highlight your experience with FCA regulations and compliance oversight in your conversations. This role requires a deep understanding of these areas, so be prepared to discuss specific examples from your past roles.
✨Tip Number 2
Network with professionals in the compliance and banking sectors. Attend industry events or webinars where you can meet people who might have insights into the boutique banking environment and potentially refer you for this position.
✨Tip Number 3
Stay updated on the latest trends in AML and CTF legislation. Being knowledgeable about current issues will not only help you in interviews but also demonstrate your commitment to the field and readiness for the role.
✨Tip Number 4
Prepare to discuss how you would foster a strong compliance culture within the bank. Think about strategies you could implement to engage employees across departments in compliance training and awareness.
We think you need these skills to ace Head of Compliance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with compliance functions, particularly in relation to FCA regulations and AML/CTF programs. Use specific examples that demonstrate your strategic mindset and operational capabilities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the boutique bank's environment. Discuss how your background aligns with the responsibilities of SMF16 and SMF17, and emphasize your ability to foster a strong compliance culture.
Highlight Relevant Qualifications: Clearly state your FCA registration and any relevant qualifications that support your candidacy for the Head of Compliance position. Mention any previous roles where you held SMF16 and SMF17 responsibilities.
Showcase Communication Skills: Since excellent communication is key for this role, provide examples in your application of how you've effectively presented complex compliance information to senior management or regulatory bodies in the past.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Compliance Expertise
Be prepared to discuss your previous experience in compliance roles, especially your familiarity with FCA regulations. Highlight specific examples where you successfully implemented compliance policies or managed regulatory relationships.
✨Demonstrate Strategic Thinking
Since the role requires a strategic mindset, come ready to share your approach to developing compliance frameworks. Discuss how you would align the bank's compliance function with its overall business strategy.
✨Communicate Clearly and Effectively
Excellent communication skills are crucial for this position. Practice presenting complex compliance concepts in a straightforward manner, as you may need to explain these to senior management and the board.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world compliance scenarios. Think of examples where you had to navigate compliance challenges or manage AML investigations, and be ready to discuss your thought process.
