Head of Compliance and Mlro - London, United Kingdom - MW recruitment

MW recruitment

Verified Company

London, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

A banking institution in the City wish to recruit a head of compliance/MLRO to oversee compliance within the Bank.

Main Duties
Responsibility for overseeing compliance within the bank and ensuring compliance with laws, regulatory requirements, policies, procedures and manuals

Ensure that the company complies at all times, with the regulations as laid down by the FCA or the PRA, and to advise management of regulatory changes affecting the Branch

Identify Conduct regime staff, prepare annual certification documents and ensure that they are duly recorded within the FCA directory of persons

Identify changes to the legal and regulatory regime, including changes to FATF recommendations, the guidance issued by the Joint Money Laundering Steering Group (JMLSG) and OFAC, EU and HMT sanctions assessing their impact on the Bank and making any consequentchanges to the Banks procedures.

Alert the RMC to any changes that may be relevant

Investigate payment alerts that fall into OFAC queue

Enhance compliance culture within the bank, provide relevant training and regular updates to all units to heighten staff's compliance and AML awareness

Lead the Compliance team and nurture talents within the team in various Compliance/AML areas

Collaborate with other internal areas including: Operations, Internal Audit, Middle office, and the Front office to address Compliance and AML issues which may impact the supported function/business/product/clients

Experience Required
Previous Experience operating as a head of compliance/MLRO

Strong communication/leadership skills.

A proven track record in a similar role and the ability to engage with staff and provide training

Compliance experience within a banking environment preferred