Description

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:

1. Lead the Bank's Compliance, Internal Controls, AML/MLRO, and Governance functions.
2. Ensure all activities comply with FCA/PRA regulations, UK law, banking standards, and internal policies.

Key Regulatory Responsibilities

1. Hold FCA Senior Management Functions:
2. SMF16 - Compliance Oversight
3. SMF17 - Money Laundering Reporting Officer (MLRO)
4. Ensure compliance with SMR, SYSC, Conduct Rules, AML/CTF, and Anti-Bribery requirements.

Compliance

1. Monitor regulatory compliance across the Bank.
2. Develop and maintain compliance policies and monitoring programmes.
3. Liaise with FCA, PRA, and other regulators.
4. Investigate fraud, misconduct, and compliance breaches.
5. Deliver compliance reporting and staff training.

Internal Controls

1. Monitor operational controls and review transactions.
2. Coordinate with Internal Audit and oversee audit follow-up actions.
3. Report control issues and whistleblowing matters to senior management and the Board.

MLRO / Financial Crime

1. Oversee AML and financial crime frameworks.
2. Review suspicious activity and submit reports to authorities where required.
3. Maintain AML policies, controls, and staff training.
4. Act as the Bank's primary contact for AML-related regulatory matters.

Policy & Governance

1. Monitor regulatory developments and governance requirements.
2. Ensure policies and procedures remain current and effective.
3. Support Board governance, committee oversight, and regulatory training.

Additional Responsibilities

1. Secretary to the Audit & Risk Management Committee.
2. Primary contact for FCA/PRA and liaison with Internal Audit.
3. Voting member of Management, Credit, and ALCO Committees.
4. Regularly report to the CEO, Board, and Audit & Risk Management Committee.

Overall Objective

1. Provide independent oversight of compliance, governance, internal controls, and financial crime risk to protect the Bank and support regulatory compliance.