Head of Compliance & MLRO (SMF16&17)
Venn Group London, United Kingdom
We are seeking a highly skilled and experienced Head of Compliance & Money Laundering Reporting Officer (MLRO) (dual-hatted position) to join a banking institution in London. This is a pivotal role that combines oversight of the institution's compliance framework with responsibility for managing its anti-money laundering (AML) and counter-terrorist financing (CTF) functions. The successful candidate will hold Senior Management Functions SMF16 and SMF17, reporting directly to the Board and key committees.
Location: London, UK
Employment Type: Full-time, Permanent
Industry: Banking
Key Responsibilities:
1. Develop, implement, and maintain a robust compliance framework aligned with UK regulations, including PRA and FCA standards.
2. Provide strategic advice to the Board on regulatory changes and implications for the business.
3. Oversee compliance monitoring programs and reporting, ensuring adherence to internal policies and external obligations.
4. Promote a strong compliance culture across the institution.
5. Serve as the institution’s designated Money Laundering Reporting Officer (SMF17).
6. Manage the AML and CTF framework, ensuring it meets regulatory requirements and mitigates financial crime risks.
7. Investigate and report suspicious activity to the relevant authorities (e.g., NCA).
8. Conduct AML risk assessments and recommend control enhancements.
9. Act as the primary contact with regulatory bodies, auditors, and law enforcement agencies.
10. Represent the institution in regulatory inspections and industry forums.
11. Collaborate with internal teams to provide training, guidance, and updates on compliance matters.
Key Qualifications:
1. Proven track record of holding SMF16 and SMF17 roles or equivalent senior compliance positions.
2. Extensive experience in compliance and AML/CTF roles within the banking or financial services sector.
3. Deep knowledge of UK regulatory frameworks (PRA, FCA, AML regulations, and GDPR).
4. Strong analytical skills with the ability to assess risk and implement effective mitigation strategies.
5. Exceptional communication and interpersonal skills, capable of engaging at all levels of the organisation.
Desired Attributes:
1. A recognised compliance or AML qualification (e.g., ICA Diploma, CAMS, or equivalent).
2. Experience in leading compliance functions within a complex and regulated environment.
3. Strategic thinker with a proactive approach to regulatory change and innovation.
What We Offer:
1. A dynamic and inclusive workplace culture.
2. Opportunities for professional growth and development.
3. A key leadership role in shaping the institution’s compliance and AML strategy.
Application Process:
If you are ready to make a significant impact in a senior compliance and financial crime role, we would love to hear from you. Please send your CV and a cover letter outlining your suitability for this role to this advertisement.
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