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- Tasks: Lead compliance operations and manage regulatory risks for a global bank.
- Company: Join a prestigious global corporate and retail bank with a strong reputation.
- Benefits: Attractive salary, bonuses, and comprehensive benefits package.
- Other info: Opportunity to work closely with senior management and external regulators.
- Why this job: Make a significant impact on compliance strategy at board level.
- Qualifications: 12+ years in financial services compliance; strong UK regulatory knowledge required.
The predicted salary is between 120000 - 150000 £ per year.
We have been exclusively appointed by our Client, a Global Corporate and Retail Bank, to find a Head of Compliance & MLRO to hold the UK SMF16 and SMF17 for their UK banking business. Reporting to the CEO & Board and managing a team, duties will include:
- Responsibility for the operation of the Bank’s Compliance Function in accordance with UK regulatory requirements.
- Overall responsibility for the Bank’s policies and procedures for mitigating regulatory risk.
- Act as the Data Protection Officer (DPO) for the Bank and point of contact for data subjects and authority for the Information Commissioner’s Office (ICO) in the United Kingdom.
- Identifying regulatory changes and assessing whether these are relevant to the Bank and disseminating to senior management as necessary.
- Serving as a first point of contact for all staff in the Bank for compliance advice, guidance and insight into regulatory issues.
- Preparing and periodically revising the Bank’s Compliance Manual and contributing to the Recovery Plan in relation to compliance matters.
- Overseeing Bank’s compliance monitoring activity.
- Working closely with those in the First Line of Defence to address any weaknesses in controls to mitigate compliance risks.
- Attending the Bank’s Risk & Compliance Committee (RCC) and Executive Committee (EMC); and providing sufficient management information to facilitate oversight and challenge over compliance activity and compliance risk.
- Acting as the Banks MLRO and developing AML guidance materials and training resources for staff on AML matters.
- Performing regular monitoring activity to ensure regulations are adhered to, especially high-risk accounts and politically exposed persons (PEPs).
- Liaising with the relevant authorities and notifying them of breaches or suspicious activity as required.
- Compiling reports for the Board and Risk & Compliance Committee (RCC) to facilitate oversight and the submission of an annual MLRO report to the RCC.
The successful candidate will be of graduate calibre and must have gained a minimum of twelve years financial services compliance experience, with a good knowledge of the relevant UK Compliance and AML rules and regulations applicable to a UK Banking business. Previous registration as SMF16 and/or 17 advantageous but more important will be your ability and confidence to operate effectively at board level as well as various committees expected to attend and represent the bank with external parties including the FCA & PRA.
Head of Compliance & MLRO – Senior Corporate Banking Compliance Experience Required employer: Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid)
Contact Detail:
Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance & MLRO – Senior Corporate Banking Compliance Experience Required
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and compliance sectors. Attend industry events or webinars where you can meet potential employers or colleagues who might know of openings. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK compliance regulations and AML rules. Be ready to discuss how you've tackled compliance challenges in the past. Show them you’re not just a candidate, but the solution they need!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email reiterating your interest in the role and highlighting how your experience aligns with their needs. It shows enthusiasm and keeps you top of mind.
✨Tip Number 4
Apply directly through our website! We’ve got exclusive roles that might not be listed elsewhere. Plus, it gives us a chance to see your application first-hand and connect with you directly. Let’s get you that dream job!
We think you need these skills to ace Head of Compliance & MLRO – Senior Corporate Banking Compliance Experience Required
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your senior corporate banking compliance experience. We want to see how your skills align with the responsibilities listed in the job description, so don’t hold back on showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Head of Compliance & MLRO role. We love seeing candidates who can articulate their understanding of compliance and regulatory issues in a clear and engaging way.
Showcase Your Leadership Skills: Since this role involves managing a team and reporting to the CEO & Board, make sure to highlight your leadership experience. We want to know how you've successfully led teams in the past and how you plan to do so in this role.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and what we stand for.
How to prepare for a job interview at Compliance Recruitment Solutions (Dublin, Geneva, London & Madrid)
✨Know Your Regulations Inside Out
Make sure you’re well-versed in UK compliance and AML rules. Brush up on the latest regulatory changes and be ready to discuss how they impact the bank. This shows you’re proactive and can hit the ground running.
✨Demonstrate Leadership Experience
As a Head of Compliance, you’ll need to manage a team and interact with the board. Prepare examples of your leadership style and how you've successfully led compliance initiatives in the past. This will help you showcase your ability to operate at a senior level.
✨Prepare for Scenario-Based Questions
Expect questions that put you in hypothetical situations related to compliance challenges. Think about how you would handle breaches or suspicious activities. Practising these scenarios can help you articulate your thought process clearly during the interview.
✨Showcase Your Communication Skills
You’ll be liaising with various stakeholders, so it’s crucial to demonstrate your communication prowess. Be prepared to discuss how you’ve effectively communicated complex compliance issues to non-compliance staff and senior management in the past.