Regulatory Affairs and Quality

2 weeks ago


London, United Kingdom Compliance Professionals Full time

Our client is a leading international bank with UK offices based in West London. They are looking to hire a Head of Compliance & MLRO on a permanent basis. Working within the leadership team you will plan, lead and deliver on the department’s projects.
Developing and updating the department’s policy and processes of the Branch and ensuring that is compliant with the various UK regulatory bodies (FCA/PRA etc) where applicable.
Ensuring systems/software used by the department is suitable and meets the needs of the business (raise issues/concerns to management where appropriate)
Ensure the Branch is in compliance with applicable rules and regulations that falls within the department’s remit
Ensure timely submission of relevant department’s reports/payments (i.e. regulatory returns/FCA annual reports, etc)
Management of the Branch’s Compliance Function and its team.
Member of the London Management Committee and Chair of the London Risk & Compliance Committee
Own Local Compliance and Financial Crime-related policies and procedures and be responsible for implementation and oversight of Group Compliance and Financial Crime-related policies and procedures.
Provide business advisory support to UK stakeholders on Financial Crime and other Compliance related matters.
Provide guidance and training, where required, including annual conduct rules training, an induction programme for new entrants and on new regulations.
Perform ongoing performance and validation of risk-based compliance monitoring strategies to ensure appropriate Financial Crime and Compliance governance and controls.
Analyse Key Performance Indicators (“KPIs”) and Key Risk Indicators (“KRIs”) to ensure existing Financial Crime and other Compliance processes are at a level that commensurate with regulatory expectations.
Provide Compliance and Financial Crime-related management information, reporting to relevant committees.
Submit timely and accurate documentation of performed quality risk assessments and reviews.
Identify potential Financial Crime & wider Compliance processes or policy improvements and communicate findings and recommendations to quality assurance management team.
Conduct regular risk and data quality assessments (FWRA/AML system)
Investigate and analyse factors which may affect risk mitigation/alignment.
Perform gap analysis on Group-related policies and procedures, and country-specific regulatory guidelines. Provide guidance to country level stakeholders on any change in Group level policies and procedures and ensure business level standard operating procedures are aligned to meet Group requirements.
Establish data strategy within the team
Escalate any data issue to the DPO promptly and without delays.
Authorise sharing of confidential data belonging to their team as per the GDPR / their SOPs. 10 years of experience of relevant banking/Financial Crime compliance in established bank/financial institutions.
~ In-depth knowledge of Financial Crime function and general UK regulatory requirements as they relate to Banking, Compliance, including related/applicable rules and best practise. Understanding of the business/business units and its operations.
~ Advanced knowledge of MS Office especially MS Excel, MS PowerPoint, etc.
~ Review, update, enhance or develop risk assessments, policies/procedures, MI reporting packs and Regulatory Reporting, Advisory in support of the business, provide appropriate 2LoD challenge



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