Interim Head of Compliance SM16 – Retail and Digital Banking (6 month FTC)

THE COMPANY:

The Client are a multi jurisdiction financial institute offering Private Banking, Retail and Digital banking  for Corporate & Retail Clients. The firm are looking to hire a Head of Compliance on a 6 month FTC basis.

THE RESPONSIBILITIES:

• Oversee and manage the Compliance team in their daily activity providing direction, support and insight to all regulatory compliance and financial crime matters.
• Monitoring, advisory and oversight of Data Protection/GDPR across the business.
• Manage the regulatory policy framework for the company assessed against the business activities and ensure that it remains appropriate.
• Ensure that the regulatory rules and necessary permissions are mapped and documented against business activities.
• Monitor and, on a regular basis, assess the adequacy and effectiveness of the measures and procedures put in place in accordance with SYSC 6.1.23R and the actions taken to address any deficiencies in the firm’s compliance with its obligations, including MiFID.
• Advise and assist the relevant person(s) responsible for carrying out regulated activities to comply with the firm’s obligations under the MIFID regulatory system. Ensuring compliance with BCOBs, CD.
• Annual sign off of Terms & Conditions.
• Oversee and monitor Complaint handling and Data Subject Access Requests.
• Advise the business and Executives of applicable regulation, and of the requirements and procedures needed to adhere to these including horizon scanning.
• Take responsibility for the provision of relevant and meaningful periodic management information to governing committees; having the ability to highlight current risk exposures and emerging threats.
• Assess the regulatory risk profile through from Compliance monitoring and analysis. Seek to enhance and improve the financial crime and regulatory compliance control infrastructure through advanced controls and/or system enhancements.
• Take responsibility for creating and conducting continuous compliance training programmes to the staff, proportionate to the scale and breadth of the Bank’s activities.
• Take responsibility for the early assessment and communication of emerging regulatory related rules that may impact the business.
• Take overall responsibility for the firm’s policies and procedures for countering regulatory and financial crime risks.
• Design, implement and monitor of periodic compliance monitoring from a 2nd line of defence standpoint, emanating from processes and controls identified from the Compliance Risk Assessment.
• Conduct quality assurance and thematic reviews where required.
• Support the wider business by promoting a compliance culture.
• Provide resource for project related requirements which require Compliance expertise.

EXPERIENCE REQUIRED:

• Must have retail and /or digital banking experience. Ideally held SMF16 before or have enough experience to cover it.
•  Previous SMF 16 holder or have enough experience to cover an SM16 role
• Knowledge of FCA Handbook and associated regulatory requirements for Banking firms.
• Strong knowledge of MiFID, EMIR, PSD2, GDPR requirements.
• Knowledge of general banking operations and procedures, particularly those in small/medium sized institutions.
• Ability to form a view on policy and framework, writing and enhancing policy where required.
• Strong knowledge of 2nd line monitoring techniques.
• Experience of setting up a structure and framework to address regulatory compliance workstreams and policy requirements.

For further information please contact Hannah Tabatabai