At a Glance
- Tasks: Lead compliance efforts, ensuring adherence to AML and CFT regulations while managing the compliance programme.
- Company: Independent Trust and Corporate Services firm with a strong client service history.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for career advancement and leadership development.
- Why this job: Make a significant impact by safeguarding clients and the firm from regulatory risks.
- Qualifications: Proven experience in compliance roles, with strong knowledge of AML, CFT, and KYC regulations.
The predicted salary is between 31500 - 38500 £ per year.
Our Trust and Corporate Services client is a proudly independent business with a long history of service to clients locally and internationally. As the business continues to grow, they are seeking a Head of Compliance / MLRO to join and play a leading role.
As a Head of Compliance / MLRO, you will be responsible for overseeing and managing all aspects of the firm's compliance program, ensuring that the organisation adheres to regulatory requirements, particularly in relation to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). You will serve as the firm's MLRO, reporting on any suspicious activities and ensuring the firm remains compliant with local and international laws. Your leadership will help to develop, maintain, and implement compliance strategies that safeguard the firm and its clients from regulatory risks.
Duties will include:
- Compliance Management: oversee the firm's compliance framework, ensuring that the company's policies and procedures are aligned with regulatory requirements and industry best practices.
- AML/CFT Oversight: As MLRO, be responsible for the firm's Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance, including the monitoring, detection, and reporting of suspicious transactions to the appropriate authorities.
- Regulatory Liaison: act as the primary point of contact with regulatory bodies, ensuring timely reporting, responding to inquiries, and managing regulatory inspections or audits.
- Policy Development and Implementation: develop, implement, and regularly review the firm's compliance policies and procedures to ensure they are up-to-date with changes in local and international laws.
- Client Due Diligence (CDD) and Know Your Customer (KYC): ensure that all client onboarding processes adhere to KYC and CDD requirements, maintaining accurate records and monitoring for any changes that could affect compliance.
- Training and Awareness: lead regular training sessions on compliance, AML, and CFT for all employees, ensuring that staff are aware of their responsibilities and the risks associated with non-compliance.
- Internal Audit and Monitoring: conduct regular internal audits of the firm's operations to identify compliance gaps, rectify them, and implement necessary changes to prevent future risks.
- Reporting and Suspicious Activity Monitoring: monitor financial transactions for suspicious activities, prepare and submit Suspicious Activity Reports (SARs) to the relevant authorities, and maintain appropriate records of all such reports.
- Risk Management: oversee the firm's risk management strategy, ensuring that appropriate measures are in place to manage and mitigate risks related to compliance and AML/CFT.
- Collaboration with Senior Management: work closely with senior management to ensure that compliance and AML strategies are integrated into the firm's broader business objectives.
The ideal candidate for the role of Head of Compliance / MLRO will have:
- Proven experience as a Head of Compliance, MLRO, or in a senior compliance role, ideally within a TCSP or financial services/accountancy firm.
- In-depth knowledge of AML, CFT, and KYC regulations and frameworks.
- Strong understanding of regulatory bodies and compliance requirements in both local and international contexts.
- Excellent leadership skills, with the ability to manage and train teams on compliance best practices.
- Experience with risk management, internal auditing, and handling regulatory inspections.
- Strong organisational and time-management skills, with the ability to prioritise and manage multiple projects.
- Excellent communication skills, both written and verbal, for reporting and liaising with regulatory authorities, staff, and clients.
Head of Compliance employer: Orchard Recruitment
As a Head of Compliance at our independent Trust and Corporate Services firm, you will join a dynamic team dedicated to upholding the highest standards of regulatory compliance. Our supportive work culture fosters professional growth, offering opportunities for continuous learning and development in a collaborative environment. Located in a vibrant area, we provide a unique chance to make a meaningful impact while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Orchard Recruitment looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Orchard Recruitment. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Orchard Recruitment
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Orchard Recruitment’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
