Our client is an international full-service commercial bank. They are looking for a Head of Compliance to hold the SMF16 & 17 registers for their London business.
THE RESPONSIBILITIES:
Responsible for the policies and procedures forming the compliance framework within the Branch
Ensure the compliance framework is regularly reviewed and consistent with all applicable legal and regulatory requirements
Keep up to date with applicable legal and regulatory requirements and obligations and ensure these are communicated to the senior management team and business
Advise on regulatory requirements of any new business or new products.
Provide compliance, anti-money laundering, financial crime and conduct rules training to the Branch’s management, business heads and other staff
Induction training to new joiners.
Monitor the Branch’s regulated activities to identify situations in which the Branch has not acted in accordance with its regulatory responsibilities
Escalate any issues
Monitor news of relevant enforcement actions by regulators and communicate these and any necessary actions to the senior management team.
Responsible for the interaction with the PRA and FCA.
Promote a good compliance culture by engaging staff from all around the business.
Ensure responsibilities are carried out under FCA “Required Function” SMF16/17 & Money Laundering Reporting Function, Compliance Oversight Function.
Maintain and revise policies and procedures.
Supervise and handle day-to-day AML / ATF tasks
Carry out necessary AML / ATF Training and Competence.
Supervise Compliance team in review of all new Customer Accounts opened for AML / ATF compliance details.
Analyse appropriate IT reports developed for suspicious activity, and conduct relevant enquiries where necessary.
EXPERIENCE REQUIRED:
Senior level Compliance and AML experience.
Current or recent holder of SMF16 and SMF17, ideally from a corporate or wholesale banking environment
Understanding of relevant FCA rules, FOS, Data Protection legislation.
Anti Financial Crime legislations and JMLSG guidance.
FCA approach to supervision.
Compliance / regulatory / legal experience.
Financial services experience.
For further information please contact Natalie Eshelby
