Head of Compliance and Mlro - London, United Kingdom - BlueSky Digital Consult Limited

Description

Job Purpose:

• To work closely with the MD and CEO to coordinate various compliance issues (Conduct risk, AML, Fraud, Senior Managers Regime) with a view to ensuring that the businesses operate in accordance with the Bank's policies and procedures, and local regulatory requirements.
• To oversee and manage the Compliance and Financial Crime Prevention functions
• To develop and implement relevant and appropriate monitoring activity in the businesses.
• To closely manage and maintain positive, open relationship with the regulators.
• To help provide guidance and advice to businesses on procedures and processes necessary to ensure, and demonstrate, compliance with the Bank's policies.
• To help ensure that businesses have adequate controls, procedures, systems, training and other arrangements (preventative and detective) to enable them to deal appropriately, and on a timely basis, with applicable conduct risk, Senior Managers Regime, Data Protection and Financial Crime Prevention related requirements.
• To support the development of compliant, flexible and robust systems, procedures and controls within the businesses to meet conduct and AML objectives and improve the businesses' performance in these areas.
• To help ensure that relevant and reliable management reports are delivered to management and board committees on a timely basis in order to enable effective action to be taken where necessary.

To facilitate effective and constructive sharing of knowledge and experience of compliance issues and to effectively engage with other parts of the Group.

Areas of Responsibility and Main Accountabilities and approximate time split
Monitoring new regulatory requirements and analysing, preparing, and rolling-out new policies in line with those requirements 20%

Enhancing and expanding procedures and controls e.g. intranet, internal reporting 20%

Periodic reporting to management and Board Committees 10%


Assurance and review of businesses (monitoring) 25%
Training programmes 5%

Advising and supporting businesses on regulatory matters 20%


Technical Skills/Competencies

• Intellectual and analytical skills of a high order. You are likely to be a graduate and / or have a professional qualification or similar prior experience.
• The strength of character, credibility and personal presence and the communication skills to operate confidently and effectively at senior levels both internally and externally.
• The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities. Tact and sensitivity as well as strength and authority are important.
• Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
• Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
• Ability to communicate effectively, orally and in writing, with senior internal and external audiences to educate, persuade, negotiate, gain decisions, enforce.
• Ability to influence senior management.
• Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.

Job Requirements/ Specification

Knowledge and Expertise

Essential

• Wideranging compliance experience in a retail or investment banking financial services environment.
• Good understanding of current and anticipated UK regulatory requirements and supervisory expectations.

Experience and qualifications specific to the role

Essential

• Educated to Graduate level or relevant industry qualifications or prior similar experience
• Prior experience in Compliance and AML
• Prior experience working with FCA and PRA regulators and with Board level stakeholders

Key Issues over the next 12-24 months

• Help to develop the internal knowledge and understanding of the challenges posed by ever increasing expectations of regulators
• Raising awareness by assisting the businesses to deliver a continual training and monitoring program at all levels, which is appropriate to business needs, reflects the realities of the local market, commercially sound and meets with regulatory expectations.
• Support the Bank's strategic ambitions through efficient and costeffective identification of compliance risks

Financial Services and Banking

Compliance, AML, Financial Crime


Functional Skills
Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner

Ability to use initiative and work with no supervision but ensuring, at the same time, t