Head of Regulatory Compliance UK
2 weeks ago
Welcome to Albany Beck's job description for the Head of Compliance & MLRO position
**Job Summary:** We are looking for a highly skilled and experienced professional to lead our Compliance Practice in the UK. As the Head of Compliance & MLRO, you will be responsible for driving the implementation of compliance controls, processes, and operations to ensure alignment with regulatory standards and AML/CTF programs.
**Responsibilities:
- Act as the nominated compliance officer (CF 10) and Money Laundering Reporting Officer (CF 11).
- Promote a culture of compliance across the business, focusing on consumer protection and regulatory adherence.
- Develop and implement AML and financial crime processes, ensuring compliance with UK regulations and business requirements.
- Oversee risk-based Know Your Customer (KYC) and Transaction Monitoring programmes, investigating suspicious activities and ensuring reporting in line with regulatory requirements.
- Build and maintain relationships with regulatory authorities, payment schemes, and other relevant stakeholders to stay informed about industry trends and compliance changes.
- Ensure accurate reporting to regulatory bodies and provide timely responses to any compliance inquiries.
- Lead the UK Compliance team, including capacity planning, training, and tracking of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).
- Collaborate with compliance teams to provide strategic planning, organisational structure, and quarterly goals.
- Conduct compliance reviews, analyse new regulatory developments, and provide actionable insights to senior management and the Board of Directors.
- Work with internal teams such as Governance, Product Advisory, and Quality Control to mitigate regulatory risks and implement solutions.
**Requirements:
- Experience in a complex, financial services firm, or related e-money/payments industry with experience to operate at a Head of Compliance, MLRO or Deputy MLRO level.
- People management experience.
- Operational knowledge in building and running a sound compliance programme, with hands-on knowledge and an understanding of regulatory requirements for the UK.
- Demonstrated ability to communicate effectively with senior management and third-party stakeholders.
- Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation.
- Experience with data visualisation tools.
**Salary Range:** £80,000 - £110,000 per annum, dependent on experience.
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