Siel Mlro - London, United Kingdom - SEI1GLOBAL

SEI1GLOBAL

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

SIEL is a wholly owned subsidiary of the SEI Group of companies ("SEI") that holds and delivers certain products, services and operational functions for some of SEI's global businesses.

The SEI Institutional Business Segment provides investment management and advisory services to institutional asset owners.
We are seeking to hire a MLRO & Financial Crime Compliance Officer.

SIEL's Money Laundering Reporting Officer ("MLRO") is responsible for overseeing SIEL's compliance with the FCA's rules on systems and controls against money laundering and against other financial crime areas; specifically, bribery and corruption, data protection, fraud and market abuse.

This role is identified as a Senior Manager - "SMF1- Money Laundering Reporting Officer".

What you will do:

Subject to regulatory approval, this role-holder as a Senior Management Function (SMF) will be required to adhere to the regulatory Individual Conduct Rules and the Senior Manager Conduct Rules under COCON and will be accountable for the following prescribed and overall responsibilities for and on behalf of SIEL

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SMF "Prescribed Responsibilities" (PRs):

Responsibility for the firm's policies and procedures for countering the risk that the firm might be used to further financial crime.

SMF "Overall Responsibilities" (ORs):

Responsibility for the production and delivery of SIEL's AML Compliance Program, including reporting suspicions of money laundering

MLRO:

Be responsible in establishing the basis on which a risk-based approach to the prevention of money laundering/terrorist financing is put into practice by Senior Management ("the AML Program")
Be responsible for the coordination, monitoring and upkeep of the AML Program, which is the foundation for SIEL's AML systems and controls
Perform regular assessments of the adequacy of all AML systems and controls and oversee the implementation of appropriate enhancements designed to ensure continuous compliance with applicable laws and regulations
Provide Senior Management with appropriate information regarding the operation and effectiveness of those systems and controls (at least annually)
Provide staff training (including requirements for suspicious activity monitoring and escalation)
With Senior Management, take appropriate measures to ensure that money laundering risk is taken into account in the day-to-day operation of the firm, including in relation to:
the development of new products;
the taking-on of new customers; and
changes in the firm's business profile.
Review and investigate AML related suspicious activities; and
Where required, provide external reporting to the National Crime Agency ("NCA") (AML related suspicious activity notices), the FCA (preparation and submission of the Annual Financial Crime Report) and HM Treasury (Financial Sanction notifications via the Office of Financial Sanctions Implementation "OFSI")

Be aware of any new AML and Financial Crime regulations, rules and/or guidance that may impact SIEL and ensure the business are aware of the impact of such regulations, rules and or guidance and lead the business in implementation of the said requirements.

Financial Crime:

Work with and support the Chief Compliance Officer to help the department in its general objective to ensure that the SIEL governance and internal control structures are effective for the Firm as a whole, such that SIEL is compliant at all times with all applicable rules and regulations
Maintain a strong understanding of the Firm's business model and strategy
Develop key financial crime compliance risk assessments, policies and procedures ("the Financial Crime Program")

Produce and effectively communicate (verbally and/or in writing, as appropriate) compliance advice which is of high-quality, comprehensive and thoroughly-considered from all relevant angles, in a timely manner, assisting the SIEL Compliance department to achieve its overall objective of supporting the business (incl.

where relevant SIEL's international offices) achieve its objectives in a compliant manner
Keep up to date with developments in Financial Crime regulation and industry best practice, and implementing and/or recommending changes where necessary
Represent Compliance (or Chair, if and as appropriate) in appropriate Firm Financial Crime Committees and/or Working Groups
Identify and track new and updated requirements relating to Financial Crime, engaging collaboratively with the business in developing, implementing and monitoring new procedures
Identify training needs; delivering Financial Crime training to SIEL employees; and,
Work collaboratively with the other compliance functions in the group to implement standardised policy and procedure, where appropriate.
Leadership & Governance
Maintain and develop firm, industry and regulatory knowledge - (market conditions, regulation, SEI products and services, financial crime etc) both in general and specifica