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- Tasks: Lead compliance efforts and oversee financial crime risk management.
- Company: Join a dynamic organization focused on capital introduction and financial integrity.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Make a real impact in preventing financial crime while developing your skills.
- Qualifications: Experience as an MLRO in the insurance industry is essential.
- Other info: Perfect for those looking to advance their career in compliance and risk management.
The predicted salary is between 43200 - 72000 £ per year.
Job Purpose :
The role entails overseeing the organization’s policies and procedures to mitigate the risks of financial crime. This includes monitoring compliance, anti-money laundering (AML) systems, and regulatory reporting. The organization facilitates capital introduction rather than holding client money, working closely with key stakeholders to maintain effective oversight of financial crime matters.
Key Responsibilities :
Financial Crime Oversight :
- Serve as the designated Money Laundering Reporting Officer (MLRO) and Data Protection Officer (DPO).
- Develop and oversee anti-financial crime systems, including AML controls and enhanced due diligence processes.
- Report annually to the Audit and Risk Committee on financial crime matters.
- Provide training and supervision for compliance analysts.
Regulatory Compliance :
- Act as the primary liaison with regulatory bodies regarding AML and KYC obligations, and other compliance requirements.
- Conduct internal reviews and thematic audits in line with the annual compliance plan.
- Maintain the organizational risk register and support board-level reporting on compliance issues.
- Monitor regulatory updates, ensuring timely responses and adaptations.
Risk Management :
- Assist in managing risk assessment frameworks and reporting systems.
- Produce and deliver clear and concise compliance manuals, policies, and training materials.
- Ensure all submissions, such as change-of-control applications, are compliant with relevant regulations and timelines.
Communication and Culture :
- Promote a proactive compliance culture within the organization.
- Prepare and deliver presentations to staff and leadership.
- Provide guidance on emerging regulatory developments and their potential impacts.
Skills and Experience :
- Experience working within an MLRO capacity within the insurance industry
- Strong ability to interpret and articulate compliance and risk management concepts effectively.
- Expertise in risk assessment, critical analysis, and regulatory engagement.
- Experience with risk management platforms and tools
If you are seeking your next, new opportunity in the New Year, please share your CV with
Deputy Head of Compliance & MLRO employer: Goodman Masson
Contact Detail:
Goodman Masson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Compliance & MLRO
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in financial crime and compliance, especially within the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in this rapidly evolving field.
✨Tip Number 2
Network with professionals who are currently working as MLROs or in compliance roles. Engaging with them can provide you with valuable insights into the role and may even lead to referrals or recommendations for the position at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented AML controls or conducted risk assessments in your previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to foster a compliance culture within an organization. Think of ways you've previously trained teams or communicated compliance policies effectively, as this is a key aspect of the Deputy Head of Compliance role.
We think you need these skills to ace Deputy Head of Compliance & MLRO
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Deputy Head of Compliance & MLRO position. Familiarize yourself with financial crime oversight, regulatory compliance, and risk management to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in an MLRO capacity, particularly within the insurance industry. Provide specific examples of how you've developed anti-financial crime systems or engaged with regulatory bodies.
Showcase Your Skills: Clearly articulate your skills in compliance and risk management. Mention your expertise in risk assessment, critical analysis, and any relevant tools or platforms you have used. This will demonstrate your capability to fulfill the role's requirements.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also conveys your passion for promoting a proactive compliance culture. Discuss how you can contribute to the organization’s goals and values.
How to prepare for a job interview at Goodman Masson
✨Understand Financial Crime Oversight
Make sure you have a solid grasp of financial crime oversight, especially in the context of being an MLRO. Be prepared to discuss your experience with anti-money laundering systems and how you've developed or overseen such controls in previous roles.
✨Showcase Regulatory Knowledge
Demonstrate your understanding of regulatory compliance, particularly regarding AML and KYC obligations. Be ready to share examples of how you've liaised with regulatory bodies and conducted internal reviews or audits.
✨Highlight Risk Management Skills
Discuss your experience with risk assessment frameworks and how you've managed compliance risks in the past. Prepare to explain how you've produced compliance manuals and training materials that align with organizational policies.
✨Promote a Compliance Culture
Be prepared to talk about how you've fostered a proactive compliance culture in your previous roles. Share specific examples of presentations or training sessions you've delivered to staff and leadership on compliance matters.
