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- Tasks: Lead compliance efforts and ensure adherence to financial regulations in a dynamic lending platform.
- Company: Join a unique lending platform revolutionizing real-time lending services.
- Benefits: Enjoy hybrid work options and the chance to shape compliance policies.
- Why this job: Be a key player in compliance, impacting consumer outcomes and working with regulators.
- Qualifications: Must be FCA-authorized SMF16/17 with experience in compliance leadership in financial services.
- Other info: Candidates based in Sheffield preferred, but London applicants are welcome with regular office visits.
The predicted salary is between 43200 - 72000 £ per year.
We are exclusively recruiting a Head of Compliance & MLRO (SMF16/17) for a unique lending platform which allows us to offer full lending services in real time. The Head of Compliance will play a critical role in establishing, monitoring, and enforcing compliance policies, procedures, and controls to demonstrate adherence to regulatory requirements and ensuring fair outcomes to consumers. The individual will act as the principal compliance advisor to the business and serve as the main point of contact for regulatory bodies.
The ideal candidate will be based in Sheffield, but the client will consider candidates in London who will be required to visit the Sheffield office on a regular basis.
Main Responsibilities
- Develop, implement, and maintain a robust compliance framework in line with financial regulations and best practices. This will include writing, developing, and maintaining comprehensive compliance policies and procedures in line with regulatory requirements and industry best practices.
- Ensure adherence to all relevant laws, regulations, and industry guidelines, including CONC, PRIN (Consumer Duty), DISP, and CCA regulations.
- Provide guidance and advice to the business on the FCA rules (including Consumer Duty and the Consumer Credit Sourcebook).
- Act as the primary contact with regulators and ensure timely reporting and communication on compliance matters.
- Oversee Anti-Money Laundering (AML) and Fraud Prevention programs.
- Serve as the designated MLRO, ensuring timely filing of Suspicious Activity Reports (SARs) and liaising with law enforcement agencies where necessary.
- Prepare and present compliance reports to the Board of Directors and senior management.
- Advise the business on compliance risks related to new products, services, and markets.
Job Requirements:
- Previously authorised as an SMF16/17 with the FCA.
- Proven experience in a compliance leadership role within the financial services.
- Proven experience working as a Compliance Officer in the financial services industry, with a focus on the Consumer Finance Sector.
- Strong understanding of AML, Fraud, and broader financial crime regulations.
- Experience in dealing with regulatory bodies and preparing regulatory reports.
Unless otherwise stated, candidates must have the right to work in the UK.
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Exclusive - Head of Compliance & MLRO | Sheffield, UK | Hybrid employer: CLARC Recruitment
Contact Detail:
CLARC Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Exclusive - Head of Compliance & MLRO | Sheffield, UK | Hybrid
✨Tip Number 1
Make sure to familiarize yourself with the specific compliance frameworks and regulations mentioned in the job description, such as CONC, PRIN, and CCA. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who have experience in compliance roles. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and changes in financial regulations and compliance practices. This knowledge will be crucial during discussions with the hiring team and will showcase your proactive approach to compliance.
✨Tip Number 4
Prepare to discuss your previous experiences as an SMF16/17 and how you've successfully navigated compliance challenges in the past. Highlighting specific examples will help you stand out as a strong candidate for this leadership role.
We think you need these skills to ace Exclusive - Head of Compliance & MLRO | Sheffield, UK | Hybrid
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and requirements of the Head of Compliance & MLRO position. Tailor your application to highlight your relevant experience in compliance leadership and financial services.
Highlight Relevant Experience: In your CV and cover letter, emphasize your previous roles as an SMF16/17 and your experience with compliance policies, AML, and regulatory bodies. Use specific examples to demonstrate your expertise in these areas.
Showcase Your Knowledge of Regulations: Demonstrate your understanding of key regulations such as CONC, PRIN, DISP, and CCA. Mention any specific experiences where you successfully navigated these regulations in your past roles.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for compliance and consumer protection. Explain why you are interested in this unique lending platform and how you can contribute to its success.
How to prepare for a job interview at CLARC Recruitment
✨Showcase Your Regulatory Knowledge
Make sure to demonstrate your understanding of key regulations such as CONC, PRIN, and CCA during the interview. Prepare specific examples of how you've implemented compliance frameworks in previous roles.
✨Highlight Your Leadership Experience
As a Head of Compliance, you'll need to lead teams and influence stakeholders. Share instances where you've successfully guided teams through compliance challenges or improved processes.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past experiences where you had to navigate complex regulatory issues and be ready to discuss them.
✨Demonstrate Communication Skills
Since you'll be the main point of contact for regulatory bodies, it's crucial to show strong communication skills. Practice articulating complex compliance concepts clearly and concisely, as if explaining them to non-experts.
