Co-Head of Compliance and MLRO - CER Financial

Co-Head of Compliance and MLRO

City of London

4/1 hybrid split 

Permanent 

(open depending on experience) 

cer Financial are working alongside an investment bank who are based in the City of London. They are seeking a Co-Head of Compliance and MLRO to work with them on a permanent basis.

The responsibilities of a Co Head of Compliance and MLRO will include:

· Manage the Compliance team actively to support the development of a positive Compliance culture

· To perform horizon scanning and support the effective implementation of new regulatory requirements that impact the business

· Identify, recommend and implement areas for improvement and business process developments where appropriate.

· Responsibility for Control Effectiveness testing and submission of written reports / Management Information to the HoC

· Discharge the duties of MLRO (SMF17)

· Horizon scanning of new regulatory developments and recommending changes required.

· Oversee the Market Surveillance activity as and when required.

· Responsible for ensuring that the Training & Competency program is carried out as stipulated by the HoC

· Identifying gaps in compliance and recommending adjustments to policies, procedures and controls

· Assisting HoC with the BWRA and MARA processes

· Ensuring HR procedures are correctly supervised and adhered to

· Risks are managed and measured through ensuring appropriate systems and controls

· Ensure risks of a significant nature and impact are reported and escalated as appropriate

· Ensure that you maintain up to date understanding of regulatory requirements

· Produce regular risk reports demonstrate that risks are being effectively managed

· Audit results do not identify significant unmanaged risk or control weaknesses

The successful Deputy Head of Compliance and MLRO will have:

· Degree level further education qualification

· A minimum of 5 years of relevant experience within a Legal, Compliance or Regulatory function

· Previous experience in a SMF16 and 17 function

· Strong working knowledge of financial regulation, securities laws, directives and expectation areas

· Full understanding of the FCA Handbook