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- Tasks: Lead compliance and legal efforts, ensuring ethical practices and regulatory adherence.
- Company: Join an International Wholesale Bank in the heart of London, shaping financial integrity.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Make a real impact on financial crime prevention while working with diverse teams.
- Qualifications: 10+ years in compliance and AML within wholesale banking; strong UK regulatory knowledge required.
- Other info: Ideal for those seeking a leadership role in a fast-paced, cross-cultural setting.
The predicted salary is between 72000 - 108000 £ per year.
THE COMPANY: We are excited to be working with an International Wholesale Bank located in the City of London, who are looking for a Head of Compliance & Legal and MLRO.
THE RESPONSIBILITIES:
- To work with Senior Management to identify, measure and manage Compliance for the Branch, ensuring that the Branch behaves ethically and in full compliance with relevant Laws and Regulatory requirements.
- To act as the contact point to the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA), as well as escalation to the management committee and/or parent.
- To hold responsibility as Money Laundering Reporting Officer (MLRO), implementing policies and procedures to mitigate AML risks.
- To hold responsibility for developing and maintaining a programme designed to mitigate Financial Crime.
- To organise and provide training to the Branch staff covering relevant regulatory matters.
- To represent Compliance to the business and provide appropriate advice about regulations and Compliance related matters across all Branch business units.
- To help provide impact analysis and assist in providing practical solutions in respect of requirements arising from the implementation of Financial Conduct Authority (FCA) Regulations, PRA and other regulatory developments, in respect of new and existing businesses.
- To ensure the Branch Compliance policies and procedures are reviewed and updated on a timely basis, incorporating regulatory changes.
- Oversee provision of legal support to the Branch.
- Handle Customer complaints.
EXPERIENCE REQUIRED:
- 10+ years of progressive Compliance and AML experience in wholesale banking in the UK.
- SM16/SM17 experience from a wholesale banking background.
- Strong working knowledge of the UK Regulatory Framework, AML and conduct rules.
- Relevant knowledge of Corporate Banking and Treasury products.
- Ability to work effectively in a cross-cultural environment.
Head of Compliance & Legal and MLRO (Basé à London) employer: Golden Bees
Contact Detail:
Golden Bees Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance & Legal and MLRO (Basé à London)
✨Tip Number 1
Network with professionals in the compliance and legal sectors, especially those who have experience in wholesale banking. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in compliance.
✨Tip Number 2
Familiarise yourself with the specific regulations and guidelines set by the FCA and PRA. Understanding their expectations will not only help you in interviews but also demonstrate your commitment to compliance and regulatory excellence.
✨Tip Number 3
Prepare to discuss your experience in managing compliance risks and implementing AML policies. Be ready to provide examples of how you've successfully navigated complex regulatory environments in your previous roles.
✨Tip Number 4
Showcase your ability to work in cross-cultural environments by highlighting any international experience or collaborations. This is particularly important for a role that involves liaising with various stakeholders across different regions.
We think you need these skills to ace Head of Compliance & Legal and MLRO (Basé à London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in compliance and AML within wholesale banking. Emphasise your knowledge of the UK Regulatory Framework and any relevant qualifications that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities outlined in the job description. Discuss your experience with the FCA and PRA, and how you have successfully managed compliance issues in previous roles.
Showcase Relevant Experience: In your application, provide concrete examples of how you've developed and implemented compliance programmes, trained staff, and handled customer complaints. This will demonstrate your capability to fulfil the role effectively.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a compliance role.
How to prepare for a job interview at Golden Bees
✨Know Your Regulations
Make sure you have a solid understanding of the UK Regulatory Framework, AML, and conduct rules. Be prepared to discuss how these regulations impact the role and the bank's operations.
✨Demonstrate Leadership Skills
As a Head of Compliance & Legal, you'll need to showcase your leadership abilities. Prepare examples of how you've successfully led teams or projects in the past, particularly in compliance or legal contexts.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential compliance challenges the bank might face and how you would address them, especially regarding AML risks.
✨Showcase Cross-Cultural Competence
Given the international nature of the bank, highlight your experience working in cross-cultural environments. Share specific examples of how you've navigated cultural differences in compliance matters.