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This role will oversee our compliance framework and ensure adherence to regulatory requirements while also acting as the focal point for anti-money laundering (AML) and counter-terrorist financing (CTF) activities.
This role is for 24 months and requires 5 hours a week (20hrs a month). Any additional hours worked will be billed at £200 Â
Key Responsibilities:
- Lead developing and implementing the company's compliance framework, ensuring alignment with FCA and PRA regulations.
- Act as a trusted advisor to the senior management and the board on regulatory compliance matters.
- Maintain and update compliance policies and procedures in line with evolving regulatory requirements.
- Conduct regular risk assessments and compliance monitoring activities to identify and mitigate potential issues.
- Oversee regulatory reporting and ensure timely submission of all required filings.
- Provide training and guidance to staff to embed a strong culture of compliance within the organization.
- Serve as the company's primary contact for all AML/CTF-related matters, both internally and with external regulatory bodies.
- Develop and maintain the AML/CTF policy and ensure its effective implementation across the business.
- Investigate and report suspicious activity in line with statutory obligations, including submitting Suspicious Activity Reports (SARs) to the National Crime Agency (NCA).
- Monitor and review the company's AML systems, controls, and procedures to ensure their effectiveness.
- Conduct periodic AML risk assessments and maintain the company's risk register.
- Deliver AML/CTF training to employees to ensure awareness of obligations and risks.
Key requirements:
- Proven experience in a senior compliance role within the UK financial services industry, ideally within life insurance. Knowledge of third-country branch FCA/PRA regulations.
- Proven experience in S166 review implementation.
- Strong understanding of FCA, PRA, AML, and CTF regulations.
- Experience in managing relationships with regulators and other key stakeholders.
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Applicants must be in the UK and eligible to work without sponsorship.
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