Head of Compliance (SMF16/17)
Central London
£120,000 - £150,000
Permanent
cer Financial are working alongside a financial services business who offer asset management and brokerage services to a portfolio of professional clients. Based in London, they are seeking a Head of Compliance (SMF16/17) to work with them on a permanent basis. In this role you will ensure full compliance with applicable regulations and you will fulfil the Compliance Oversight and MLRO role.
The Responsibilities of a Head of Compliance Will Include:
· Representing compliance in dealings with other business functions; senior management; governance committees; regulators; and other enforcement agencies
· To keep up to date on all legal & regulatory changes in the payments and financial industry, and to advise the company on how these changes will affect the business and incorporate these into the company’s policies and procedures.
· Plan and project own any changes the business must make to ensure the company remains compliant with laws and regulations.
· Provide review of new business ventures, products or services to ensure the company remains compliant with regulation and is covered by the necessary permissions.
· Oversee the company’s Risk Management strategy, including agreement and implementation of the Risk Appetite, risk matrix and risk framework
· Lead ICARA production and ongoing evolution and work with the CFO to ensure regulatory capital and liquidity compliance
· Provide support and guidance to all areas of the business in relation to compliance and risk requirements.
· Be responsible for the company’s Compliance Monitoring, ensuring adequate controls are in place to review all areas of operation to maintain adherence to regulatory requirements.
· Review all marketing materials, websites and service agreements to ensure they meet regulatory requirements.
· Be responsible for training employees so they understand the regulatory requirements that affect their work, including the company’s Anti-money laundering procedures and awareness.
· Manage all processes and procedures the company implements to combat current fraud trends
· Manage the due diligence process for both potential and existing clients.
· Manage and define the company’s KYC policies and procedures,
· Agree, implement, monitor, and amend where necessary, AML/CTF policies and procedures
· Be responsible for the review and decision on actions in respect of internal disclosures relating to ML/TF and filing of Suspicious Activity Reports (SARs)
· Produce Management Information Reports in relation to AML/CTF activity
The Successful Head of Compliance Will:
· Be currently or recently approved by the FCA for compliance oversight and MLRO functions, and held the SMF 16/17 (or CF10/11).
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