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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 senior management.
- Qualifications: 10+ years in compliance and AML within wholesale banking; strong UK regulatory knowledge required.
- Other info: Be the key contact for FCA and PRA, influencing compliance across all business units.
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.
For further information please contact Hannah Tabatabai.
Head of Compliance & Legal and MLRO employer: JobFlurry
Contact Detail:
JobFlurry Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance & Legal and MLRO
✨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 compliance frameworks relevant to the UK wholesale banking sector. This will not only enhance your knowledge but also demonstrate your commitment and expertise during interviews.
✨Tip Number 3
Prepare to discuss real-life scenarios where you successfully managed compliance issues or implemented AML policies. Having concrete examples ready will showcase your problem-solving skills and practical experience.
✨Tip Number 4
Research the company’s values and recent developments in their compliance practices. Tailoring your conversation to align with their goals will show that you are genuinely interested in contributing to their success.
We think you need these skills to ace Head of Compliance & Legal and MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in Compliance and AML, particularly within wholesale banking. Emphasise your knowledge of the UK Regulatory Framework and any relevant qualifications.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the responsibilities of the Head of Compliance & Legal and MLRO role. Mention specific examples of how you've successfully managed compliance issues or implemented AML policies in previous positions.
Showcase Relevant Skills: Highlight skills that are crucial for this role, such as your ability to work in a cross-cultural environment, your experience with FCA and PRA regulations, and your capacity to provide training on regulatory matters to staff.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no grammatical errors or typos, as attention to detail is critical in compliance roles.
How to prepare for a job interview at JobFlurry
✨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 show your ability to lead and influence. Prepare examples of how you've successfully managed teams or projects in the past, especially in compliance-related areas.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past experiences where you had to implement policies or handle regulatory changes and be ready to share those stories.
✨Showcase Cross-Cultural Competence
Given the international nature of the bank, highlight your experience working in cross-cultural environments. Discuss how you’ve effectively communicated and collaborated with diverse teams in previous roles.
