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- Oversee and implement policies, procedures, and controls to prevent and detect money laundering and financial crime within the Bank.
- Ensure regulatory and statutory compliance, advising senior management and staff on AML/FC rules.
- Develop and maintain the AML/CTF framework, including conducting annual risk assessments and mapping mitigating controls.
- Oversee transaction monitoring and ensure unusual transactions are identified, analysed, and reported appropriately.
- Act as the Bank's primary contact with the NCA and other relevant agencies on AML matters.
- Prepare and present the MLRO annual report and manage all SARs submitted to the NCA.
- Ensure effective AML training for staff and monitor adherence to sanctions and screening tools.
- Fulfil statutory obligations under SMF 17 (Money Laundering Reporting Function).
- Participate as an active member of the Executive Risk Committee.
- Education: Bachelor’s Degree or equivalent preferred.
- Professional Qualifications:
- ICA Diploma in Governance, Risk & Compliance, Anti Money Laundering, or Financial Crime Prevention (or equivalent).
- Experience:
- Minimum 10 years of experience in compliance, with either prior experience holding SMF16 or a solid regulatory compliance background orCandidates should have expertise in anti-money laundering and financial crime prevention, with a demonstrated readiness to step into an approved person role.
- Retail banking background
- Experience in financial services and familiarity with UK regulatory requirements.
- Skills & Knowledge:
- Strong understanding of UK regulatory and statutory AML/CTF requirements.
- Detailed knowledge of financial services compliance.
- Ability to monitor regulatory changes and advise teams accordingly.
- Strong ethical standards aligned with the FCA’s Senior Managers Regime.
