At a Glance
- Tasks: Lead compliance efforts and manage regulatory risks in a global banking environment.
- Company: Join a prestigious global corporate and retail bank with a strong reputation.
- Benefits: Competitive salary, bonuses, and comprehensive benefits package.
- Other info: Opportunity for career growth in a visible and influential role.
- Why this job: Be a key player in shaping compliance strategy at board level.
- Qualifications: 12+ years of financial services compliance experience 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 contribute 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 Bank's MLRO and development of 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 notify 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 as well as represent the bank with external parties including the FCA & PRA.
This is a fantastic opportunity for a confident and polished individual with strong interpersonal skills to join a successful global banking brand in a very visible and influential role.
If you feel you have the above average interpersonal skills and technical knowledge to help the business please call Gary Collins on 020 7562 7400 for a confidential discussion about this position or send your details to gary@symescollins.com (including a contact number & email) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstance are your details ever passed on without your specific permission).
Exclusive: Head of Compliance & MLRO - Senior Corporate Banking Compliance Experience Required - ... in London employer: Compliance Recruitment Solutions
As a leading Global Corporate and Retail Bank located in London, we pride ourselves on fostering a dynamic work culture that prioritises compliance excellence and employee development. Our commitment to providing competitive salaries, bonuses, and comprehensive benefits ensures that our employees feel valued and supported, while our focus on professional growth offers unique opportunities for advancement within the banking sector. Join us to be part of a prestigious institution where your expertise will directly influence our compliance strategies and contribute to our ongoing success.
Contact Detail:
Compliance Recruitment Solutions Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Exclusive: Head of Compliance & MLRO - Senior Corporate Banking Compliance Experience Required - ... in London
✨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. Remember, sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company inside out. Understand their compliance challenges and think about how your experience aligns with their needs. This will help you stand out as someone who’s genuinely interested and knowledgeable.
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your experience and how it relates to the role of Head of Compliance & MLRO. Keep it concise and impactful – you want to leave a lasting impression.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that dream job. Plus, applying directly shows your enthusiasm and commitment to joining our team.
We think you need these skills to ace Exclusive: Head of Compliance & MLRO - Senior Corporate Banking Compliance Experience Required - ... in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Compliance & MLRO role. Highlight your senior corporate banking compliance experience and any relevant qualifications, like SMF16 or SMF17. We want to see how your background aligns with the job description!
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 demonstrate your ability to manage compliance functions and work at board level. We love a good story!
Showcase Your Interpersonal Skills:Since this role requires strong interpersonal skills, make sure to highlight instances where you've effectively communicated with teams or external parties. We want to see how you can represent the bank confidently and build relationships.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensure it gets the attention it deserves. We’re excited to see what you bring to the table!
How to prepare for a job interview at Compliance Recruitment Solutions
✨Know Your Compliance Stuff
Make sure you brush up on UK compliance regulations and AML rules before the interview. Being able to discuss specific regulatory changes and how they impact the bank will show that you're not just familiar with the basics, but that you’re ready to take on the role.
✨Showcase Your Leadership Skills
As a Head of Compliance, you'll be managing a team and interacting with the board. Prepare examples of how you've successfully led teams in the past, especially in high-pressure situations. This will demonstrate your capability to operate effectively at board level.
✨Prepare for Scenario Questions
Expect questions that put you in hypothetical situations related to compliance issues. Think about how you would handle breaches or suspicious activities, and be ready to articulate your thought process clearly. This shows your problem-solving skills and your ability to think on your feet.
✨Engage with the Interviewers
Don’t just answer questions; engage in a dialogue. Ask insightful questions about the bank’s current compliance challenges and how they see the role evolving. This shows your genuine interest in the position and helps you assess if the bank is the right fit for you.
