Head of Compliance and Mlro - London, United Kingdom - eFinancialCareers
Description
Recent and relevant experience as a Compliance Officer or Head of Compliance- Previous SMF16/SMF17 function holder (desirable)
- Clear understanding of UK (preferably European) laws and regulation in relation to AML, regulatory compliance, and risk
- ICA Diploma in Compliance or CISI International Diploma in Investment Compliance (ideal)
- Developing and maintaining strong relationships with all relevant stakeholders
- A broad base of compliance knowledge
- Be numerate, articulate, and analytical
- Strong attention to detail and highly organised
Primary Responsibilities:
- SMF16 Compliance Oversight including relevant prescribed responsibilities
- Develop regular monitoring procedures and practices to assess the adequacy and effectiveness of the firm's systems and controls
- Maintaining and processing all necessary documentation required by the firm in accordance with FCA requirements and any other applicable regulations.
- Work with operational areas to develop proportionate riskbased policies and procedures designed to minimise the risk of breaches of legal and regulatory requirements.
- Regulatory horizon monitoring highlighting emerging risks, and potential areas of non compliance, providing advice on appropriate mitigating actions.
- Lead, promote, and manage the SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting) functions in an effective and prudent manner in accordance with company policies.
- Ensure the company complies with its FCA regulatory obligations and reporting requirements.
- Responsible for the approval of onboarding appointed representatives and ongoing supervision
- Present a robust case in the face of regulatory challenge, when necessary.
- Design and delivery of compliance training programmes for appropriate staff
- Identify potential areas of compliance vulnerability and risk,
- Develop and implement corrective action plans for the company of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future
- Receive and evaluate reports of suspicious activity from any employee in the firm
- Oversee implementation of antimoney laundering ("AML") and countering terrorist financing ("CTF") policies and procedures.
- Monitor the daytoday operation of the firm's AML/CTF policies and procedures
- Responding to requests for information from the FCA and other regulators and law enforcement agencies.
- Conduct an annual money laundering risk assessment in relation to the firm's business.
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