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For Companies At a Glance
- Tasks: Lead compliance efforts and manage the onboarding team to enhance client experiences.
- Company: Dynamic wholesale investment firm with a focus on compliance and financial crime prevention.
- Benefits: Competitive salary, professional development, and a chance to make a real impact.
- Why this job: Join a forward-thinking team and shape compliance strategies in a fast-paced environment.
- Qualifications: 7+ years in regulatory roles, strong leadership skills, and knowledge of financial products.
- Other info: Office-based role with opportunities for mentorship and career advancement.
The predicted salary is between 72000 - 108000 £ per year.
Our client is a Wholesale Investment firm looking to recruit a Deputy Head of Compliance. The role involves the day-to-day management of the Compliance Department (which includes the Onboarding team). You will also act as the MLRO (SMF17).
THE RESPONSIBILITIES
- MLRO: Act as the firm’s nominated MLRO, including reviewing and submitting suspicious activity reports.
- Manage the Onboarding team to improve the client lifecycle journey.
- Conduct comprehensive reviews of existing onboarding workflows to identify bottlenecks, control gaps, and areas for automation and efficiency gains.
- Undertake the Business-Wide Risk Assessment, identifying control gaps and proposing actions.
- Directly supervise the Onboarding team members, managing their workloads, providing mentorship, and conducting performance reviews.
- Advise on specific KYC requirements for new and existing client onboarding cases.
- Compliance: Support the GC in the day-to-day management of the firm’s compliance and financial crime frameworks, reporting and escalating issues to the GC.
- Assist the team in maintaining and updating the firm’s compliance policies/procedures and risk assessments.
- Oversee regulatory changes, regulatory remediation and regulatory enquiries.
- Advise, support and challenge on regulatory matters.
- Organising and delivering training on key regulatory matters.
- Submit regulatory forms.
- Compile reports and management information for the firm’s governing bodies.
EXPERIENCE REQUIRED
- Office based role (4-5 days per week required in the City office).
- Ability to supervise, mentor, and develop a small team.
- Understanding of financial products and services offered by a wholesale broker firm (including equities, bonds, foreign exchange, securities financing).
- Minimum 7 years previous regulatory experience, preferably in Financial Crime (second line function).
- Practical experience managing a firm’s AML programme for complex clients.
- Strong familiarity of MLR and JMSLG requirements.
- Working knowledge of the FCA Handbook, MAR, MIFID II, SMCR.
- Previous experience of drafting policies/procedures and undertaking firm-wide risk assessments.
- Technically savvy.
- Organised approach to record-keeping, policy documentation and meeting regulatory obligations.
For further information please contact Hannah Tabatabai.
Deputy Head of Compliance & MLRO employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Compliance & MLRO
✨Tip Number 1
Network like a pro! Get out there and connect with people in the compliance and financial crime sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulatory frameworks and compliance practices. Be ready to discuss your experience with AML programmes and KYC requirements. We want you to showcase your expertise and how it aligns with the role of Deputy Head of Compliance.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and get comfortable discussing your past experiences. Focus on how you've improved onboarding processes or managed compliance issues in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform. Let’s get you that Deputy Head of Compliance role!
We think you need these skills to ace Deputy Head of Compliance & MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Deputy Head of Compliance role. Highlight your experience in managing compliance teams and your understanding of financial products. We want to see how your skills match what we're looking for!
Showcase Your Regulatory Knowledge: In your application, don’t forget to mention your familiarity with MLR, FCA Handbook, and other relevant regulations. We’re keen on candidates who can demonstrate a solid grasp of compliance frameworks and financial crime regulations.
Be Clear and Concise: When writing your cover letter, keep it clear and to the point. We appreciate straightforward communication, so make sure you articulate your experience and why you’re a great fit for the role without fluff.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved!
How to prepare for a job interview at Compliance Professionals
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of compliance regulations, especially MLR and JMSLG requirements. Be ready to discuss how you've managed AML programmes in the past and any specific challenges you've faced.
✨Showcase Your Leadership Skills
Since this role involves supervising and mentoring a team, prepare examples of how you've successfully led teams before. Think about times when you've improved workflows or mentored colleagues, and be ready to share those stories.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to compliance and financial crime. Practice articulating your thought process on how you'd handle suspicious activity reports or regulatory changes.
✨Demonstrate Your Organisational Skills
This role requires a strong organised approach to record-keeping and policy documentation. Bring examples of how you've maintained compliance records or developed policies in previous roles to show you're up to the task.
