Co-Head of Compliance and MLRO | London, UK | Hybrid

CER Financial; London; On-site; GBP 60,000 - 100,000

Job description

Co-Head of Compliance and MLRO

CER Financial, London, United Kingdom

Posted: 3 days ago | Job Type: Hybrid | Permanent | Salary: £100,000+ depending on experience

cer Financial are working alongside an investment bank based in the City of London. They are seeking a Co-Head of Compliance and MLRO to work with them on a permanent basis.

The responsibilities of a Co-Head of Compliance and MLRO will include:

1. Manage the Compliance team actively to support the development of a positive Compliance culture.
2. Perform horizon scanning and support the effective implementation of new regulatory requirements that impact the business.
3. Identify, recommend and implement areas for improvement and business process developments where appropriate.
4. Responsibility for Control Effectiveness testing and submission of written reports / Management Information to the HoC.
5. Discharge the duties of MLRO (SMF17).
6. Horizon scanning of new regulatory developments and recommending changes required.
7. Oversee the Market Surveillance activity as and when required.
8. Responsible for ensuring that the Training & Competency program is carried out as stipulated by the HoC.
9. Identifying gaps in compliance and recommending adjustments to policies, procedures and controls.
10. Assisting HoC with the BWRA and MARA processes.
11. Ensuring HR procedures are correctly supervised and adhered to.
12. Risks are managed and measured through ensuring appropriate systems and controls.
13. Ensure risks of a significant nature and impact are reported and escalated as appropriate.
14. Maintain up to date understanding of regulatory requirements.
15. Produce regular risk reports demonstrating that risks are being effectively managed.
16. Audit results do not identify significant unmanaged risk or control weaknesses.

The successful Deputy Head of Compliance and MLRO will have:

1. Degree level further education qualification.
2. A minimum of 5 years of relevant experience within a Legal, Compliance or Regulatory function.
3. Previous experience in a SMF16 and 17 function.
4. Strong working knowledge of financial regulation, securities laws, directives and expectation areas.

cer Financial is a specialist Financial Services Recruitment consultancy.