Head of Compliance and Mlro - London, United Kingdom - Redstone Private Banking

Redstone Private Banking
Redstone Private Banking
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Redstone Private Banking Search are leaders in the global provision of search solutions for the international private banking and wealth management markets.

With coverage of a wide variety of Private Banks, Boutiques, Family Offices, Wealth Managers, Fund Managers and Investment Houses, Redstone Private Banking can offer tailored search solutions in a changing industry.


We are working with a Banking Group in London who are looking for a Deputy Head of Compliance and DMRLO.

Key Responsibilities / Tasks

  • Bank is compliant with the local regulators, escalating cases to the group head of compliance as required.
  • Ensuring the Bank remains up to date and all processes are being ran effectively and efficiently. Provide process improvement ideas and implement changes where you see fit. Take ownership over the department.
  • Effectively manage a small team of compliance officers based in London and ensure the team are also up to date with the appropriate regulatory knowledge and banking requirement.
  • You are responsible for interpreting laws, regulations and guidance notes applicable to anti
- money laundering and counter-terrorism financing. Ensure the Bank meets its regulatory responsibilities with oversight over compliance monitoring, on boarding, training, screening, risk assessment and periodic reviews.

  • Work with front offices teams to advise and provide compliant solutions for complex cases.
Key Qualifications / Experience

  • Currently working as a Senior Financial Crimes Compliance Officer within a Bank or financial institution. Preferably, you have work experience as a DMLRO.
  • Knowledge of SIRON screening methods, Mifid II, AML and experience working under the compliance division of a Private Bank, Asset Management Company or Wealth Manager in the UK.
  • Ability to work in a fast paced, dynamic environment and sometimes under high stress.
  • You have a track record of leading and motivating a team of compliance officers.
  • Located in UK or ability to work in the UK
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