Senior Manager of Compliance - Banking

ZipRecruiter; London; Hybrid; GBP 60,000 - 100,000; Full time

Job description

Job Description

Ref 22951

The Skills You'll Need: Solid Compliance, financial crime and MLRO experiences within banking.

Your New Salary: depending on experience

Hybrid: 4 days in the office, 1 day at home

Perm

Start: ASAP

Reporting to: Chief Compliance Officer & MLRO (SMF16 & SMF17)

Senior Manager of Compliance - What You'll be Doing:

• Maintain and enhance the financial crime compliance framework, including policies, procedures, and controls, ensuring compliance with UK laws and regulatory requirements.
• Support the CCO to ensure the Branch comply with the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.
• Assist the CCO to oversee the branch’s compliance with FCA/PRA regulations and JMLSG guidance related to financial crime.
• Assist the CCO in identifying, assessing, and managing financial crime risks, including AML, sanctions, ABC, and fraud risks.
• Support the preparation and submission of Suspicious Activity Reports (SARs) to the Crime Agency (NCA) and maintain related records.
• Conduct regular reviews of the Financial Crime Risk Assessments, escalating issues and recommending enhancements to mitigate risks.
• Monitor compliance with UK, Chinese and US sanctions regimes, including screening payments and customer records for sanctions breaches.
• Oversee client onboarding processes, ensuring compliance with KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements for high-risk customers, including Politically Exposed Persons (PEPs).
• Conduct ongoing monitoring of customer activity and ensure accurate maintenance of client files and KYC documentation.
• Act as the primary point of contact in the MLRO’s absence.
• Assist the MLRO in preparing financial crime-related reports for senior management, Head Office, and regulatory bodies.
• Design and deliver AML, sanctions, and financial crime compliance training to staff, fostering a culture of compliance and risk awareness.
• Provide tailored guidance to front-office and operational teams on high-risk areas, such as sanctions screening and transaction monitoring.
• Assist in preparing for and managing internal and external audits and regulatory inspections related to financial crime compliance.
• Ensure timely resolution of any findings or recommendations from audits or reviews.
• Support the preparation of reports for internal committees (e.g., Management Committee (ManCo), Audit and Risk Committee (ARCo)) and Head Office.
• Act as a compliance representative in committees or meetings as required, presenting financial crime updates and escalating significant issues.

Senior Manager of Compliance - The Skills You'll Need to Succeed:

• Regulatory Expertise: Strong knowledge of the regulatory requirements for third-country branches in the UK, including FCA and PRA rules, AML regulations, and JMLSG guidance.
• AML/Financial Crime Expertise: Significant experience in managing AML, sanctions compliance, and ABC programmes within a regulated financial institution; Practical knowledge of transaction monitoring systems and sanctions screening tools.
• Deputy MLRO Experience: Proven ability to fulfil MLRO responsibilities, including handling SARs, managing financial crime risks, and liaising with regulators.
• Analytical and Organisation Skills: Ability to manage multiple priorities while maintaining attention to detail and meeting deadlines; Strong analytical and investigative skills to assess risks and identify suspicious activity.