Deputy Head of Compliance & Deputy MLRO (Wholesale Banking)

THE COMPANY:

Our client is a full-service international investment bank, looking to recruit a Deputy Head of Compliance & Deputy MLRO.  This role has responsibility to ensure the firm complies with all FCA regulatory requirements, relevant laws and regulation.

THE RESPONSIBILITIES:

• Assist HoC to manage the Compliance team actively to support the development of a positive Compliance culture within the Business.
• To perform horizon scanning and support the effective implementation of new regulatory requirements that impact the business
• Identify, recommend and implement areas for improvement and business process developments where appropriate.
• Responsibility for Control Effectiveness testing and submission of written reports / Management Information to the HoC
• Acting as the Deputy Money Laundering Reporting Officer
• Horizon scanning of new regulatory developments and recommending changes required.
• Supervision of the Onboarding Team
• Oversee the Market Surveillance activity as and when required.
• Responsible for ensuring that the Training & Competency program is carried out as stipulated by the HoC
• Identifying gaps in compliance and recommending adjustments to policies, procedures and controls
• Assisting HoC with the BWRA and MARA processes
• Ensuring HR procedures are correctly supervised and adhered to
• To liaise with Heads of Departments to maintain 2nd line defence
• Any other duties/special projects that may come up in the department.

EXPERIENCE REQUIRED:

• Must have Wholesale Banking experience
• A minimum of 5 years of relevant experience within a Deputy or compliance manager role
• Previous experience in a SMF16 and 17 function preferred
• Strong working knowledge of financial regulation, securities laws, directives and expectation areas
• Full understanding of the FCA Handbook

For further information please contact Hannah Tabatabai