At a Glance
- Tasks: Lead compliance operations and manage regulatory risks for a global banking brand.
- Company: Join a prestigious global corporate and retail bank with a strong reputation.
- Benefits: Attractive salary, bonuses, and comprehensive benefits package.
- Other info: Opportunity to work closely with senior management and external regulatory bodies.
- Why this job: Be a key player in shaping compliance strategy and making impactful decisions.
- Qualifications: 12+ years in financial services compliance; board-level experience preferred.
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 contributing 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 developing 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 notifying 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 and 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.
Exclusive: Head of Compliance & MLRO – Senior Corporate Banking Compliance Experience Required in London employer: Jobs via eFinancialCareers
As a leading Global Corporate and Retail Bank, we pride ourselves on fostering a dynamic work environment that champions compliance excellence and regulatory integrity. Our London office offers competitive salaries, generous bonuses, and comprehensive benefits, alongside a culture that prioritises professional development and employee growth. Join us to make a significant impact in a pivotal role while enjoying the unique advantages of working in one of the world's financial capitals.
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! Be ready to explain 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 without rambling on.
✨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 the 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 role of Head of Compliance & MLRO. 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 responsibilities outlined in the job description.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of UK regulatory requirements and your experience in managing compliance functions. Be sure to express your enthusiasm for joining our global banking brand!
Showcase Your Leadership Skills:As you'll be managing a team and reporting to the CEO & Board, it's crucial to highlight your leadership experience. Share examples of how you've successfully led compliance initiatives or navigated complex regulatory challenges in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. This way, we can easily track your application and ensure it gets the attention it deserves. Plus, it shows us you're keen on joining our team!
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Regulations
Make sure you brush up on the latest UK compliance and AML regulations. Being able to discuss specific regulatory changes and how they impact the bank will show that you're not just familiar with the rules, but that you can apply them in a practical context.
✨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 or influenced senior management in previous roles. This will demonstrate your capability to operate at a high 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 and confidently.
✨Engage with the Interviewers
Don't just answer questions; engage with your interviewers. Ask insightful questions about their current compliance challenges or the bank's approach to regulatory changes. This shows your genuine interest in the role and helps you assess if the bank is the right fit for you.
