Deputy Head of Compliance and MLRO
City of London
Permanent
£90,000 - £120,000
cer Financial are working alongside a bank who are based in the City of London. They are seeking a Deputy Head of Compliance and MLRO to work with them on a permanent basis.
The responsibilities of a Deputy Head of Compliance and MLRO will include:
- Assist HoC to manage the Compliance team actively to support the development of a positive Compliance culture
- To perform horizon scanning and support the effective implementation of new regulatory requirements that impact the business
- Identify, recommend and implement areas for improvement and business process developments where appropriate.
- Responsibility for Control Effectiveness testing and submission of written reports / Management Information to the HoC
- Acting as the Deputy Money Laundering Reporting Officer
- Horizon scanning of new regulatory developments and recommending changes required.
- Oversee the Market Surveillance activity as and when required.
- Responsible for ensuring that the Training & Competency program is carried out as stipulated by the HoC
- Identifying gaps in compliance and recommending adjustments to policies, procedures and controls
- Assisting HoC with the BWRA and MARA processes
- Ensuring HR procedures are correctly supervised and adhered to
- Risks are managed and measured through ensuring appropriate systems and controls
- Ensure risks of a significant nature and impact are reported and escalated as appropriate
- Ensure that you maintain up to date understanding of regulatory requirements
- Produce regular risk reports demonstrate that risks are being effectively managed
- Audit results do not identify significant unmanaged risk or control weaknesses
The successful Deputy Head of Compliance and MLRO will have:
- Degree level further education qualification
- A minimum of 5 years of relevant experience within a Legal, Compliance or Regulatory function
- Previous experience in a SMF16 and 17 function (optional)
- Strong working knowledge of financial regulation, securities laws, directives and expectation areas
- Full understanding of the FCA Handbook