Our client is a is a leading private bank that offers tailored financial solutions to high-net-worth individuals, families, and institutions.
THE RESPONSIBILITIES:
Provide UK financial crime compliance expertise and advice to internal stakeholders,
Implement and update the Company’s FCC Policies and Procedures in accordance with local requirements and Group policies,
Prepare FCC reports, including reports to management and the Head Office, and other materials as required,
Assist with special projects as needed, with the ability to work in a fast-paced, ever-changing environment.
Identify and assess UK compliance risks and impact from new projects, products/services or arising from new regulations related to FCC matters,
Act as a focal point of contact with the FCA concerning Financial Crime matters and keep the General Manager, Head of Compliance, Head Office and Management Committee updated as appropriate,
Maintain knowledge and awareness of key regulatory changes related to Financial Crime Compliance matters impacting the business, including review of relevant local consultation papers, discussion papers, guidance, policy statements, thematic reviews, and enforcement cases,
Resolve and follow up any issues raised by the regulators in relation to FCC matters,
Plan and manage all regulatory and internal audit requirements for FCC matters,
Develop annual compliance risk assessment and compliance monitoring plan to ensure the objectives are monitored periodically so the plan is met and ensure local monitoring and follow up
Ensure the FCC operations meet all legal and regulatory requirements and industry guidelines/ practices as set by the FCA,
Be proactively involved in operational process handled by the team, such as due diligence, periodic review, controls and testing, quality assurance and be responsible for escalating any issues further investigation / decision making if necessary.
Assume responsibility for the MLRO function for the Bank, ensuring all AML policies and procedures are communicated to all stakeholders and to provide on-going guidance to front office on matters relating to financial crime,
Responsible for the Suspicious Activity reports, making disclosures to NCA, where MLRO judges this to be applicable and necessary.
Provide effective leadership and management of the Financial Crime Compliance Team to develop high standards of performance for the FCC team striving to provide optimum level of service to customers (both internal and external) at all times, on a consistent basis,
Ensure effective performance management appraisals of the FCC team members are conducted in line with the Group’s relevant procedures.
EXPERIENCE REQUIRED:
Working knowledge and experience of developing compliance policies to ensure compliance with the applicable UK regulation.
At least 10 years’ experience in role Senior FCC role/ Team leader/ Head of FCC at a UK regulated bank or investment firm in Private Banking, or Wealth Management in UK (SM17)
Ability to work autonomously and to take ownership and the full responsibility of the tasks performed;
Attention to detail and ability to deliver accurate deliverables at fast pace
Experience in dealing with remediation/ Audit related issues and FCA inspections
Excellent interpersonal and leadership skills, have a collaborative mind-set and able to work effectively within a team with international exposure
Good operational knowledge and skills in IT applications (Microsoft Excel, Word, PowerPoint, etc…)
For further information please contact Marcus Courtney
