Role details

Head of Compliance

London   •   £150,000 - £180,000   •  Permanent

Bullet points

  • Banking Industry
  • London based

About Our Client

A reputable firm with huge overseas presence

Job Description

* Lead and own all compliance activities ensuring alignment with local regulatory requirements for UK activities and business (such as Wholesale, Global Wealth) via concise, accurate and relevant compliance reporting including whistle blowing activities, breach reporting and reporting of suspicious activities, and complaints handling.
* Ensure that UK has an effective AML & CTF policy in place and to manage the due diligence on customers including on-going CDD and ensuring that it is maintained up-to-date.
* Ensure that UK monitoring of transactions and ensuring that all staff are appropriately trained.
* Lead a risk-based Compliance Monitoring Programme and ensure reviews are in alignment with the best practices and properly implemented.
* Manage reports from reviews and ensure timely and effective reporting highlighting regulatory weaknesses and areas of non-compliance for management together with recommendations for corrective action. Ensure periodic reporting of compliance reviews are made to the Regional Management or Board of Directors of UK, where applicable, especially on critical matters such as AML.
* Lead the periodic monitoring and follow-ups on corrective actions ensuring proper coordination with external auditors, local/Group internal auditors to ensure smooth delivery of duties/tasks and that exceptions raised are properly followed-up.
* Identify, lead and manage compliance trainings for core and high-risk areas to ascertain that all staff are aware of their regulatory obligations with emphasis on AML to educate staff and raise their awareness of their individual obligations in relation to AML and have a working knowledge of how to identify suspicious transactions.

The Successful Applicant

* Bachelor's Degree in Management, Banking or Finance, preferably with certification in compliance, or AML.
* At least 8years of business experience preferably with working experience in Bank Compliance and good knowledge of Wholesale Banking.
* Excellent understanding and knowledge of local laws and international practices
* Strong analytical, interpersonal, communication and facilitation skills with good leadership skills
* Proactive, with the ability to generate ideas, think creatively and develop innovative solution
* Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality

What's on Offer

£150,000- £180,000

Apply for this job

Click the Apply or LinkedIn button below or contact Sumrana Saleem on +44 207 645 1469 quoting job reference 13400766
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