Head of Compliance / MLRO (SMF16/17)
City of London
(5 days in the office)
Permanent
£90,000 + bonus + pension
cer Financial are working alongside an international bank, who are based in the City of London. They are seeking a Head of Compliance / MLRO (SMF16/17) to work with them on a permanent basis.
THE ROLE:
- Lead the Bank’s Compliance, Internal Controls, AML/MLRO, and Governance functions.
- Ensure all activities comply with FCA/PRA regulations, UK law, banking standards, and internal policies.
Key Regulatory Responsibilities
- Hold FCA Senior Management Functions:
- SMF16 – Compliance Oversight
- SMF17 – Money Laundering Reporting Officer (MLRO)
- Ensure compliance with SMR, SYSC, Conduct Rules, AML/CTF, and Anti-Bribery requirements.
Compliance
- Monitor regulatory compliance across the Bank.
- Develop and maintain compliance policies and monitoring programmes.
- Liaise with FCA, PRA, and other regulators.
- Investigate fraud, misconduct, and compliance breaches.
- Deliver compliance reporting and staff training.
Internal Controls
- Monitor operational controls and review transactions.
- Coordinate with Internal Audit and oversee audit follow-up actions.
- Report control issues and whistleblowing matters to senior management and the Board.
MLRO / Financial Crime
- Oversee AML and financial crime frameworks.
- Review suspicious activity and submit reports to authorities where required.
- Maintain AML policies, controls, and staff training.
- Act as the Bank’s primary contact for AML-related regulatory matters.
Policy & Governance
- Monitor regulatory developments and governance requirements.
- Ensure policies and procedures remain current and effective.
- Support Board governance, committee oversight, and regulatory training.
Additional Responsibilities
- Secretary to the Audit & Risk Management Committee.
- Primary contact for FCA/PRA and liaison with Internal Audit.
- Voting member of Management, Credit, and ALCO Committees.
- Regularly report to the CEO, Board, and Audit & Risk Management Committee.
Overall Objective
- Provide independent oversight of compliance, governance, internal controls, and financial crime risk to protect the Bank and support regulatory compliance.