Exclusive - Head of Compliance & MLRO

CLARC Recruitment; Sheffield; Hybrid; GBP 60,000 - 100,000; Full time

Job description

We are exclusively recruiting a Head of Compliance & MLRO (SMF16/17) for a unique lending platform which allows us to offer full lending services in real time. The Head of Compliance will play a critical role in establishing, monitoring, and enforcing compliance policies, procedures, and controls to demonstrate adherence to regulatory requirements and ensuring fair outcomes to consumers. The individual will act as the principal compliance advisor to the business and serve as the main point of contact for regulatory bodies.

The ideal candidate will be based in Sheffield, but the client will consider candidates in London who will be required to visit the Sheffield office on a regular basis.

Main Responsibilities

• Develop, implement, and maintain a robust compliance framework in line with financial regulations and best practices. This will include writing, developing, and maintaining comprehensive compliance policies and procedures in line with regulatory requirements and industry best practices.
• Ensure adherence to all relevant laws, regulations, and industry guidelines, including CONC, PRIN (Consumer Duty), DISP, and CCA regulations.
• Provide guidance and advice to the business on the FCA rules (including Consumer Duty and the Consumer Credit Sourcebook).
• Act as the primary contact with regulators and ensure timely reporting and communication on compliance matters.
• Oversee Anti-Money Laundering (AML) and Fraud Prevention programs.
• Serve as the designated MLRO, ensuring timely filing of Suspicious Activity Reports (SARs) and liaising with law enforcement agencies where necessary.
• Prepare and present compliance reports to the Board of Directors and senior management.
• Advise the business on compliance risks related to new products, services, and markets.

Job Requirements:

• Previously authorised as an SMF16/17 with the FCA.
• Proven experience in a compliance leadership role within the financial services.
• Proven experience working as a Compliance Officer in the financial services industry, with a focus on the Consumer Finance Sector.
• Strong understanding of AML, Fraud, and broader financial crime regulations.
• Experience in dealing with regulatory bodies and preparing regulatory reports.

Unless otherwise stated, candidates must have the right to work in the UK.