At a Glance
- Tasks: Lead compliance efforts and oversee regulatory frameworks in a dynamic banking environment.
- Company: Join a leading foreign bank with a strong presence in the UK.
- Benefits: Competitive salary, career advancement opportunities, and a chance to shape compliance strategies.
- Other info: Collaborative culture with direct reporting to senior management and the board.
- Why this job: Make a significant impact on compliance and financial crime prevention in banking.
- Qualifications: Extensive compliance and AML experience in corporate banking; SMF 16 & 17 approved or eligible.
The predicted salary is between 80000 - 100000 £ per year.
HEAD OF COMPLIANCE & MLRO - CORPORATE BANKING EXPERIENCE REQUIRED
We have been appointed by our client, the UK Branch Office of a Leading Foreign Bank, to help source a new Head of Compliance & MLRO for their London Office.
The role will report directly to the UK General Manager and UK Board.
Duties will include
- Act as the Bank’s SMF16 Compliance Oversight function holder and provide effective oversight of the Bank’s compliance with applicable FCA and PRA requirements.
- Develop, execute, maintain, review and enhance the Bank’s regulatory compliance framework, including the Compliance Manual, policies, procedures, compliance monitoring framework and related governance documents.
- Develop, execute, maintain, review and enhance a risk-based Compliance Monitoring Plan, including thematic reviews, control testing, recommendations, follow‑up actions and reporting of findings.
- Monitor developments in applicable UK regulatory requirements, supervisory expectations and good industry practice, and assess their impact on the Bank.
- Prepare and deliver compliance Management Information ("MI") and reports to the Board, the Audit & Risk Committee, senior management.
- Oversee and coordinate the Bank’s non‑financial regulatory reporting obligations, ensuring timely, accurate and complete submissions and appropriate internal approval.
- Liaise with the FCA, PRA, auditors, and other external stakeholders as required.
- Act as the Bank’s SMF17 Money Laundering Reporting Officer and serve as the focal point for the Bank’s AML, counter‑terrorist financing, sanctions and wider financial crime compliance activities.
- Develop, execute, maintain, review and enhance the Bank’s financial crime framework, including policies and procedures covering AML/CTF, sanctions, customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting, bribery and corruption, fraud and related controls.
- Act as the Bank’s Data Protection Officer ("DPO"), and act as the main point of contact for data protection matters.
You will have gained solid Compliance and AML experience in a similar Corporate Banking or Foreign Bank Branch environment with a detailed knowledge of FCA & PRA rules and a good understanding of AML requirements.
You must also have been SMF 16 and 17 approved (or be eligible to hold SMF 16 & 17 if not previously been approved).
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Head of Compliance & MLRO employer: Symes Collins
As a leading foreign bank with a strong presence in London, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and compliance excellence. Our commitment to regulatory integrity is matched by our dedication to providing comprehensive training and growth opportunities for our staff, ensuring that you can thrive in your role as Head of Compliance & MLRO while contributing to the bank's success in a vibrant financial hub.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance & MLRO
✨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 Symes Collins looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance & MLRO
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 Symes Collins. 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 Symes Collins
✨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 Symes Collins’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
