Head of Compliance & MLRO

Job Role

• Establishment and maintenance of the branch's anti money laundering policies and procedures/Prevention of Financial Crimes in accordance with legal and regulatory requirements. This shall include the promulgation and maintenance of the AML & Crime Policy, Staff training in respect thereof, Record Keeping and making of Suspicious Activity Reports to the law enforcement agencies. The MLRO shall be the focal point for all money laundering issues including suspicious activity reports.

• The MLRO is responsible for oversight of the Firm's compliance with its Anti-Money Laundering obligations and should act as a focal point for the Firm's AML activity i.e., taking up appropriate measures to prevent Money Laundering & Terrorist Financing, devising and monitoring systems for customer acceptance, customer due diligence, Enhanced due diligence, Risk Assessment, Reporting procedures - Internal & External, Staff Training and Awareness, Collecting information from Govt. and other sources and sharing the same with the branch to help manage ML risk.

• Monitoring AML Controls: MLRO is responsible for the oversight of all aspects of Firm's AML/CFT activities and is the focal point for all activity within the firm relating to anti-money laundering.

• MLRO will support and co-ordinate senior management focus on managing the money laundering/terrorist financing risk in individual business areas. MLRO will also help to ensure that the Firm's wider responsibility for forestalling and preventing money laundering/terrorist financing is addressed centrally, allowing a firm-wide view to be taken of the need for monitoring.

• National & International Findings: MLRO should ensure that the firm obtains, and makes appropriate use of, any government or FATF findings concerning the approach to money laundering prevention in particular countries or Jurisdictions. This is especially relevant where the approach has been found to be materially deficient by FATF.

• MLRO will also act the Data protection officer ensuring compliance with the relevant data Protection regulations/ regulations concerning fraud, Bribery & Corruption controls and evolving regulation in respect of tax evasion/FATCA.

• MLRO also will undertake any other work entrusted by Management that does not conflict with duties of MLRO.

• MLRO also will undertake the compliance function in the absence of the Compliance officer.

What we are looking for

• A strong and comprehensive knowledge of the relevant law, rules and guidance of regulatory bodies
• Excellent interpersonal and communication skills
• Demonstrable leadership skills
• Proven ability/experience in the specific area for which the person is being recruited
• The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK
• Candidate must be current or previous approved person as a SMF16/SMF17 or CF10/CF11
• Knowledge and experience of the FCA Handbook with the ability to provide guidance and support on forthcoming developments and the firms regulatory obligation
• Preference is given to those with recognized qualification in one or each of AML, compliance and or financial crime prevention qualifications.