Deputy Head of Compliance

**Our client, a fantastic London branch of an International Bank is seeking to hire a Deputy Head of Compliance into this small and dynamic team. This role directly supports the SMF16 as well as SMF 17 and it is a very broad role requiring workingclosely with business stakeholders, regulators and senior management.** **JOB PURPOSE**: - Closely support the SMF 16 Head of Compliance, in ensuring the London branch is in compliance with the UK regulatory regime applicable to it. - Ensuring that Compliance framework is continued to be developed, enhanced and embedded within the branch and to promote a robust compliance framework; - Act as the Deputy Money Laundering Reporting Officer (MLRO) and assist the SMF 17 Money Laundering Reporting Officer (MLRO) in ensuring that the branch is not used to further financial crime and that it meets its commitments under the Money Laundering Regulations(hereafter referred to as "AML"); - Be the principal point of contact with the PRA and FCA for all regulatory matters in Head of Department (HOD) absence or when required by the HOD. - To oversee and manage the Compliance and Financial Crime functions in the absence of the Head of Department. **KEY RESPONSIBILITIES** The Compliance function operates independently of the business units as a second line of defence and has the following responsibilities: - To work closely with key stakeholders and ensure appropriate regulatory advice is provided in line with regulatory requirements applicable. - Oversee and manage the regulatory advisory team within the department. - Manage and oversee the 'Regulatory Horizon' scanning function and ensuring all relevant regulatory information including anticipated revision to the existing regulations and new regulations is provided to all relevant stakeholders in a timely and proactivemanner. - To assist in developing and implementing a robust compliance framework which is proportionate to the size and complexity of the branch's business and is appropriately aligned with the risk appetite of the Bank - To take action to address any deficiencies in the Branch's compliance with its regulatory obligations. - To advise and assist the Senior Management to comply with the Branch's obligations under the regulatory regime and to provide frequent reports and advice to senior stakeholders in relation to the above activities. - To provide advice and guidance on relevant policies and procedures in relation to the Branch's activities from a compliance perspective. - To maintain and update the Senior Managers Regime registrations in the light of changes in business practice and/or personnel and to assist in directing and advising the Branch in relation to its' controls in respect of the Certification Regime. - To investigate and report upon breaches of regulations and initiate any remedial action. - To report to the CRO any compliance risk related matters, including conduct risk and relevant matters to the Risk Control Committee in accordance with the branch's risk appetite and risk management frameworks. - To enhance a strong Compliance culture and holistic and integrated end to end view of all compliance risks in the business. - To enhance the ("AML") framework and ensure that preventative policies and procedures remain up-to-date. - Review and approve Training modules. - To respond promptly to any reasonable request for information made by the PRA and the FCA. - Make any necessary external reports to external Authorities such as the National Crime Agency ("NCA"). - Provide input to the MLRO for the Annual MLRO report to Senior Management. - To carry out such other compliance-related duties at the request of the Head of Department and General Manager. - To ensure all remedial actions arising from Internal/Head Office Internal Audit or External Audit are remediated in a timely manner. **SUPERVISION & REPORTING LINES** - The Deputy Head of Compliance & DMLRO's reporting lines are as follows: - Direct reporting line is to the Head of Department (SMF 16 & SMF17) - In the absence of the SMF16/SMF17 reporting directly to the General Manager (SMF19) **KEY STAKEHOLDERS** - Internally: across 1st, 2nd, and 3rd Lines of Defence and all relevant staff and the Head Office (where applicable). - Externally: Supervisory Authorities such as the FCA, PRA, and JFSA and relevant third party where appropriate. **QUALIFICATIONS & EXPERIENCE** - At least 10 years of experience demonstrating strong understanding of the UK regulatory regime. - Technical regulatory knowledge of the UK regulatory requirements for Wholesale Banking, such as MiFID, EMIR, DGS and LIBOR. - AML/CFT advisory experience. - Good understanding of current and anticipated UK Regulatory requirements and supervisory expectations. - Strong project management skills. - Strong Stakeholder management skills.