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Role Description: This full-time, on-site role (5 days in the office) as the Head of Compliance and MLRO (holder of SMF16 and SMF17) is based in the City of London for a boutique bank. The Head of Compliance will oversee compliance management, regulatory compliance, and legal compliance, ensuring adherence to relevant regulations daily.
Key Responsibilities:
- Support the Executive in achieving strategic objectives compliantly and embed a strong compliance culture across the bank.
- Manage compliance operations, implement policies to meet regulatory requirements, and fulfill statutory obligations as the Nominated Officer, Head of Compliance, and MLRO.
- Execute the responsibilities of SMF 16 (Compliance Oversight) and SMF 17 (Money Laundering Reporting), and oversee the AML/CTF framework.
- Conduct annual risk assessments, oversee First Line of Defense procedures, and handle internal Suspicious Activity Reports.
- Ensure compliance with AML staff training obligations, develop and implement the Compliance Framework/Strategy, and advise senior management on regulatory changes.
- Maintain market and customer confidence in the bank by ensuring up-to-date policies and procedures and liaising with regulatory agencies.
Experience/Skills:
- Bachelor’s degree or equivalent preferred.
- Professional qualifications in Governance, Risk & Compliance, Anti Money Laundering, or Financial Crime Prevention.
- Minimum 10 years of experience in Compliance Management and Financial Services.
- Strong understanding of UK regulatory requirements and financial services compliance.
- Excellent communication and problem-solving skills.
