Head of Compliance and MLRO

The Head of Compliance & MLRO ("HCM") has responsibility for overseeing the identification, measurement, management and reporting of compliance and conduct risk, anti-money laundering, terrorist financing and proliferation financing risks ("AML/CTF/PF"), sanctions, prevention of financial crime including fraud, anti-bribery and corruption, tax evasion and market abuse. Acting as second line of defence and also undertaking the statutory responsibility of money laundering reporting duties. The HCM is also responsible for the oversight of know your customer (KYC) process throughout the Bank.

Key Responsibilities include:

• Providing timely, accurate, and relevant regulatory advice, guidance and oversight to compliance risks/matters.
• Serving as a first point of contact for all staff in the Bank for compliance advice, guidance and insight into regulatory issues.
• Providing accurate and timely MI to the Board, Risk & Compliance Committee ("BRCC") on a quarterly basis and on a regular basis to the relevant EXCO Committees.
• Informing staff of the compliance policies and procedures in place and communicating the impact of changing legislation/ regulation and the effect on the Bank’s compliance policies, which may affect current business and future business development.
• Ensuring effective strategic and tactical compliance policies are developed and applied, with supporting procedures, and end to end processes put in place.
• Identifying, assessing, measuring and reporting compliance risks and dealing efficiently with them.
• Identifying and investigating breaches of legal and regulatory requirements, compliance policies and procedures and ensuring that such breaches are appropriately rectified with the implementation of suitable remediation plans.
• Delivery of a risk-based compliance monitoring programme to enable the senior management to effectively understand, manage, monitor, and mitigate the Bank’s various compliance and regulatory risks and that an assurance process is in place to oversee this.
• Proactive maintenance, management and update of the Bank’s compliance policies, procedures and documentation in light of any statutory and regulatory developments.
• First point of contact for Regulators and statutory bodies on compliance risk matters and ensuring an open and honest regulatory relationship is maintained with the regulators at all times.
• Working closely with senior management to develop and instil a compliance culture or mind-set across the Bank, providing strong compliance leadership in the Bank, ensuring that compliance policies and procedures are embedded in the business.
• Providing compliance education and training for staff, supported by policies and procedures and other documents, including compliance manuals, internal codes of conduct and practical guidelines.
• Making sure all relevant staff remain aware of their corporate and personal regulatory obligations, responsibilities and accountabilities.
• Managing and supervising the activities of other compliance function staff – Regulatory Compliance Manager, Compliance Managers and Head of KYC.
• Ensuring, from a compliance and MLRO perspective, that the UK successfully maintains its regulatory authorization/s.
• Ensuring that, in cases of planned absence from the office, responsibilities are delegated to approved, deputy nominated cover for the role, ensuring they are trained sufficiently in advance on the tasks and responsibilities involved, including providing handover documentation to enable the replacement member/s of staff execute the role successfully.
• Participation in and involvement in training and development initiatives as directed by Head of HR and the Chief Executive Officer.
• Input into the Senior Managers & Certification Regime process, implementation, ongoing review and update in light of future developments.
• Developing and promoting a robust conduct risk culture across the Bank.
• Completion of an annual MLRO report to the Board of Directors which also includes an overview of the effectiveness of the Bank’s systems and controls around whistleblowing.
• Overseeing the firm’s compliance with AML/CTF/PF, Fraud, Sanctions, tax evasion, Bribery and Corruption and Market Abuse regulations.
• Management of the Bank’s AML/CTF/PF processes including the design, set up and implementation of internal AML/CTF/PF procedures and policies, including customer due diligence measures, reporting, record-keeping, risk assessment, management and control systems.
• Assisting Operations with the onboarding of third parties both at onboarding and periodic review for financial crime risks, procurement and operational resilience (where applicable).
• Engaging with various business units to enhance operational resilience and Third‑Party Risk Management practices, including proper documentation in Risk and Control Self‑Assessments (RCSAs).
• Organising and arranging AML/CTF/PF training of the Bank's staff and ensuring staff complete.

Job Details:

• Seniority level: Director
• Employment type: Full‑time
• Job function: Other
• Industries: Investment Banking
• Location: London, England, United Kingdom