Co-Head of Compliance and MLRO City of London 4/1 hybrid split Permanent (open depending on experience) cer Financial are working alongside an investment bank who are 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: · Manage the Compliance team actively to support the development of a positive Compliance culture · To perform horizon scanning and support the effective implementation of new regulatory requirements that impact the business · Identify, recommend and implement areas for improvement and business process developments where appropriate. · Responsibility for Control Effectiveness testing and submission of written reports / Management Information to the HoC · Discharge the duties of MLRO (SMF17) · Horizon scanning of new regulatory developments and recommending changes required. · Oversee the Market Surveillance activity as and when required. · Responsible for ensuring that the Training & Competency program is carried out as stipulated by the HoC · Identifying gaps in compliance and recommending adjustments to policies, procedures and controls · Assisting HoC with the BWRA and MARA processes · Ensuring HR procedures are correctly supervised and adhered to · Risks are managed and measured through ensuring appropriate systems and controls · Ensure risks of a significant nature and impact are reported and escalated as appropriate · Ensure that you maintain up to date understanding of regulatory requirements · Produce regular risk reports demonstrate that risks are being effectively managed · Audit results do not identify significant unmanaged risk or control weaknesses The successful Deputy Head of Compliance and MLRO will have: · Degree level further education qualification · A minimum of 5 years of relevant experience within a Legal, Compliance or Regulatory function · Previous experience in a SMF16 and 17 function · Strong working knowledge of financial regulation, securities laws, directives and expectation areas · Full understanding of the FCA Handbook