At a Glance
- Tasks: Lead the UK financial crime framework and manage a dedicated team.
- Company: Well-established international bank in Central London.
- Benefits: Up to £160,000 salary, 25% bonus, excellent benefits, and 28 days holiday.
- Other info: Opportunity for significant career impact and growth in a dynamic environment.
- Why this job: Shape financial crime strategies and influence compliance culture directly.
- Qualifications: Must hold SMF17 approval and have extensive AML experience.
We are recruiting a Head of Financial Crime and MLRO for the UK branch of a well-established international bank.
Holding the SMF17 function, you will own the UK operation for financial crime framework across money laundering, fraud, bribery and corruption, and tax evasion, leading a team of four and acting as the bank's key contact with regulators and law enforcement.
Salary: up to £160,000 per annum depending on experience, plus a 25% on-target discretionary bonus and an outstanding benefits package.
Working arrangement: at least 80% office-based (typically 4 days a week).
What you'll be doing
Act as MLRO, reviewing internal SARs, deciding which warrant disclosure to the NCA, and producing the annual MLRO report and Business-Wide Risk Assessment.
Set the annual AML plan and keep policies, procedures and quality assurance robust across customer due diligence, transaction monitoring and sanctions screening.
Lead and develop a team of four: a Deputy MLRO, two AML Managers and a Senior Financial Crime Officer.
Report MI to branch and Head Office committees, track regulatory change and advise the business on how new strategies affect AML controls.
Build a strong compliance culture through role-specific training, and embed the Group Compliance Target Operating Model locally.
What you need to bring
Current or previous approval for the SMF17 (MLRO) function.
This is essential.
A university degree (essential).
Several years' experience as an MLRO or Deputy MLRO in a PRA/FCA regulated firm.
Strong knowledge of UK AML regulation, Consumer Duty and control frameworks, and the confidence to build relationships with regulators and law enforcement.
Desirable: an AML qualification and experience in retail and corporate banking.
Why you'll love this job
Real influence: as the branch's senior voice on financial crime, you'll work directly with senior management, Head Office and regulators, with the scope to shape the framework, analytics and compliance culture rather than simply maintain them.
A 12.5% non-contributory pension, with smart pensions for tax-efficient extra contributions.
Medical cover for you, your partner and dependent children, plus dental, optical, an annual health assessment and international travel insurance. 28 days' holiday rising to 30, plus special leave for your birthday, marriage, study and wellbeing.
If you hold SMF17 and want your judgement to shape how a bank manages financial crime risk, we'd love to hear from you. Apply today with your CV
Head of Financial Crime and MLRO in London employer: Hireful
At hireful, we pride ourselves on being an excellent employer, offering a supportive work culture that values teamwork and dedication. Our part-time roles, such as the Cleaning Assistant in Malvern, provide flexible hours that allow for a healthy work-life balance, while also presenting opportunities for personal growth and development within our community-focused environment. Join us to contribute to maintaining high cleanliness standards at The Downs, where your efforts are truly appreciated and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Financial Crime and MLRO in London
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We think you need these skills to ace Head of Financial Crime and MLRO in London
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