Head of Compliance - London, United Kingdom - UKIB

UKIB

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About UK Infrastructure Bank

We are the new, government-owned policy bank - launched in June providing £22bn of infrastructure finance and partnering with the private sector and local government to finance a green industrial revolution and drive growth across the country.

Job Purpose
The Head of Compliance will provide strategic direction and accountability for the delivery of an effective and proactive internal Compliance and Financial Crime strategy and framework, underpinned by processes and controls that ensure compliance with relevant regulatory, financial and operational requirement

Specific responsibilities include:

Develop and implement a strategy, plan and associated policies to drive, promote and maintain a strong Compliance and Financial Crime culture within the business.
Establish and maintain effective compliance and financial crime risk management, control systems, monitoring and reporting to deliver the function's strategic plan.
Prepare and present clear and concise compliance reports and recommendations to UKIB's Executive Committees, Board and Board committees to ensure compliance with current and future regulations.
Provide strategic direction to UKIB's senior management team on compliance matters to ensure management of associated current and future risks.
Accountable for the development and implementation of a compliance risk assessment and accompanying compliance monitoring plan that satisfies the needs of UKIB's unique business model.
Engage a high performing team to deliver the function's strategic and compliance framework.
Ensure the provision and completion of suitable learning and development programmes for all UKIB employees to promote a culture of good conduct and compliance throughout UKIB.
Ensure and, where appropriate, conduct internal compliance reviews, investigations and monitoring activities, including periodic reviews of functions, and ensure all actions from audits and reviews, including internal and regulatory audits, are implemented.
Act as the designated whistleblowing contact for UKIB to assist with the resolution of alleged wrongdoings, ensuring compliance with the Whistleblowing Policy.
As Money Laundering Reporting Officer (MLRO) provide expert and strategic advice to the business, to enable it to operate in line with all relevant regulatory and legislative requirements in relation to Financial Crime.
Advise and consult HM Treasury and other government entities on compliance issues to provide an awareness of the Bank's position and progress.

Required Experience and Skills:

Extensive experience of managing a compliance function within a financial services environment
Experience leading a high performing team
Exposure to working with board level colleagues.
MLRO experience, ideally as the designated MLRO for the business
Experience within investment banking and/or infrastructure finance environment is preferable.
Experience of working with government would be an advantage but not essential.
Deep knowledge and expertise of the UK's financial regulatory requirements and financial crime frameworks and solid understanding of associated legislation

Diversity and salary
**Sift criteria and to apply