At a Glance
- Tasks: Lead compliance and AML frameworks, ensuring adherence to regulations and managing risks.
- Company: Dynamic bank in the heart of London with a focus on compliance and financial crime prevention.
- Benefits: Attractive salary, career development opportunities, and a chance to shape compliance strategies.
- Other info: Join a supportive team and lead initiatives that drive operational resilience.
- Why this job: Make a significant impact in a vital role within the banking sector.
- Qualifications: Extensive UK banking experience and strong knowledge of compliance regulations required.
The predicted salary is between 130000 - 150000 € per year.
City of London
Permanent
£130,000 - £150,000
cer Financial are working alongside a bank, who are based in the City of London. They are seeking a Head of Compliance and MLRO / DPO (SMF16 and SMF17) to work with them on a permanent basis.
The responsibilities of the candidate will include:
- Develop and maintain the Bank’s Compliance & Financial Crime Framework in line with FCA, PRA, and international standards (e.g. FATF).
- Ensure adherence to JMLSG guidance, sanctions regimes (OFAC, EU, HMT), and applicable laws.
- Act as primary liaison with regulators (FCA, PRA, NCA).
- Advise Senior Management on regulatory changes and business impact.
- Lead horizon scanning and maintain the Compliance Risk Appetite Statement.
- Ensure robust frameworks for TCF, conduct risk, and GDPR compliance.
- Act as MLRO, ensuring full AML/CTF compliance.
- Oversee AML frameworks (CDD, EDD, transaction monitoring, sanctions/PEP screening, SARs).
- Ensure timely SAR submissions to the NCA.
- Oversee AML risk assessments and remediation.
- Deliver AML training and awareness.
- Develop and maintain the Compliance Monitoring Plan (CMP).
- Conduct risk assessments on correspondent banking, high-risk clients, and transactions.
- Oversee transaction monitoring systems and risk escalation.
- Serve as Data Protection Officer (UK GDPR, DPA 2018).
- Act as main contact with the ICO.
- Oversee DPIAs, RoPA, DSARs, and breach reporting.
- Ensure governance over third-party data processors.
- Deliver data protection training and awareness.
- Present compliance, AML, financial crime, and data protection reports to committees and Board.
- Escalate material risks and breaches.
- Prepare Annual MLRO and Data Protection Reports.
- Support SMCR requirements.
- Lead, mentor, and develop the Compliance team.
- Support recruitment, onboarding, and performance management.
- Ensure adherence to internal policies, training, and operational resilience.
The successful candidate:
- Extensive UK banking experience in compliance, AML, and financial crime risk.
- Strong knowledge of FCA/PRA rules, AML/CTF, GDPR, and SMCR.
- Proven experience managing regulatory engagement, audits, and inspections.
- Experience in Private Banking, Correspondent Banking, or Trade Finance.
- AML certification (e.g. CAMS, ICA Diploma).
- Knowledge of operational resilience, ESG, and emerging regulations.
- Data protection certification (e.g. CIPP/E, CIPM).
Head of Compliance and MLRO - DPO (SMF16 and SMF17) in Barnsbury employer: cer Financial
As a leading bank located in the heart of the City of London, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our commitment to compliance and financial integrity is matched by our dedication to providing competitive salaries, comprehensive benefits, and opportunities for professional advancement, making us an exceptional employer for those seeking a meaningful career in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance and MLRO - DPO (SMF16 and SMF17) in Barnsbury
✨Network Like a Pro
Get out there and connect with people in the compliance and financial crime sectors. Attend industry events, webinars, or even local meetups. You never know who might have the inside scoop on job openings or can put in a good word for you!
✨Show Off Your Expertise
When you get the chance to chat with potential employers, don’t hold back! Share your insights on FCA/PRA rules or recent regulatory changes. This will not only showcase your knowledge but also demonstrate your passion for the field.
✨Tailor Your Approach
Make sure to tailor your conversations and networking efforts to highlight your experience in AML, GDPR, and compliance frameworks. Use specific examples from your past roles to illustrate how you can add value to their team.
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us can give you an edge, as we often have exclusive listings and can help you stand out in the application process.
We think you need these skills to ace Head of Compliance and MLRO - DPO (SMF16 and SMF17) in Barnsbury
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Compliance and MLRO role. Highlight your extensive UK banking experience, especially in compliance and AML. We want to see how your skills align with the job description, so don’t hold back!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that relate to the responsibilities listed, like managing regulatory engagement or leading compliance teams. We love a good story!
Showcase Relevant Certifications:Don’t forget to mention your AML and data protection certifications, like CAMS or CIPP/E. These are key for us, and they show you’re serious about compliance and financial crime risk. Make sure they stand out in your application!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at cer Financial
✨Know Your Regulations Inside Out
Make sure you’re well-versed in FCA, PRA, and AML regulations. Brush up on the latest changes and how they impact the banking sector. Being able to discuss these confidently will show that you’re not just familiar with the rules but can also advise senior management effectively.
✨Showcase Your Leadership Skills
As a Head of Compliance, you’ll be leading a team. Prepare examples of how you’ve mentored or developed your team in the past. Highlight your experience in managing compliance frameworks and how you’ve successfully navigated challenges in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that put you in hypothetical situations related to compliance breaches or regulatory changes. Think through your approach to these scenarios beforehand, focusing on your decision-making process and how you would communicate with regulators.
✨Demonstrate Your Communication Skills
You’ll need to present reports to committees and the Board, so practice articulating complex compliance issues clearly and concisely. Be ready to discuss how you’ve communicated compliance matters to non-compliance staff in a way that’s easy to understand.
