Head of Compliance

2 days ago

london, United Kingdom Venn Group Full time

Head of Compliance & MLRO (SMF16 & 17)

Location: London, UK
Employment Type: Full-time, Permanent
Industry: Banking

About the Role

We are seeking a highly skilled and experienced Head of Compliance & Money Laundering Reporting Officer (MLRO) (dual-hatted position) to join a banking institution in London.

This is a pivotal role that combines oversight of the institution's compliance framework with responsibility for managing its anti-money laundering (AML) and counter-terrorist financing (CTF) functions. The successful candidate will hold Senior Management Functions SMF16 and SMF17 , reporting directly to the Board and key committees.

Key Responsibilities

  • Develop, implement, and maintain a robust compliance framework aligned with UK regulations, including PRA and FCA standards.
  • Provide strategic advice to the Board on regulatory changes and implications for the business.
  • Oversee compliance monitoring programs and reporting, ensuring adherence to internal policies and external obligations.
  • Promote a strong compliance culture across the institution.
  • Serve as the institution’s designated Money Laundering Reporting Officer (SMF17).
  • Manage the AML and CTF framework, ensuring it meets regulatory requirements and mitigates financial crime risks.
  • Investigate and report suspicious activity to the relevant authorities (e.g., NCA).
  • Conduct AML risk assessments and recommend control enhancements.
  • Act as the primary contact with regulatory bodies, auditors, and law enforcement agencies.
  • Represent the institution in regulatory inspections and industry forums.
  • Collaborate with internal teams to provide training, guidance, and updates on compliance matters.

Key Qualifications

  • Proven track record of holding SMF16 and SMF17 roles or equivalent senior compliance positions.
  • Extensive experience in compliance and AML/CTF roles within the banking or financial services sector.
  • Deep knowledge of UK regulatory frameworks (PRA, FCA, AML regulations, and GDPR).
  • Strong analytical skills with the ability to assess risk and implement effective mitigation strategies.
  • Exceptional communication and interpersonal skills, capable of engaging at all levels of the organisation.

Desired Attributes

  • A recognised compliance or AML qualification (e.g., ICA Diploma, CAMS, or equivalent).
  • Experience in leading compliance functions within a complex and regulated environment.
  • Strategic thinker with a proactive approach to regulatory change and innovation.

What We Offer

  • A dynamic and inclusive workplace culture.
  • Opportunities for professional growth and development.
  • A key leadership role in shaping the institution’s compliance and AML strategy.

Application Process

If you are ready to make a significant impact in a senior compliance and financial crime role, we would love to hear from you. Please send your CV and a cover letter outlining your suitability for this role to this advertisement.

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