Head of Compliance, Risk and MLRO

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    £70,000 - £80,000

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  • Published:

    3 months ago

The Head of Compliance, Risk and MLRO is responsible to the Board through the General Manager for all Compliance, Risk and Financial Crime matters within the business including all facets of compliance including AML, money laundering, counter terrorist financing requirements as well as dynamic monitoring of all remittance activity. The Head of Compliance, Risk and MLRO needs to consistently demonstrate a practical hands-on approach in all aspects of the role.

Key Responsibilities

  • Ensure that Compliance is at the heart of the business
  • Ensure business policies and procedures are fully aligned to all applicable regulatory requirements and best practice standards
  • Own the MLRO and nominated officer role including the responsibilities as required by HMRC, FCA and the businesses AML/CTF Policies
  • Build and maintain strong relationships with Regulators in the UK and all jurisdictions where the business operates
  • Ensure there is a comprehensive and effective training programme in place for the business’s 180 + UK and European Representatives, its staff, its Board and business operations
  • Be a member of the Senior Leadership Team
  • Management of the Compliance Team
  • Leadership in all Compliance, Risk and Financial Crime matters across the business and, as required, the businesses wider network as evidenced by meeting/exceeding regulatory requirements and adopting best practice compliance processes, standards and controls
  • Ensure that business has a comprehensive and robust approach to all Compliance and Risk matters in its second line control function
  • Represent the Compliance function internally and externally (including financial service providers, regulators, external auditors, external bodies, etc.)
  • The role is London based with European and other jurisdictional responsibilities

The HoC’s duties will include:

  • Direct line management of Compliance team
  • Leading and developing the Compliance Team to competently manage day to day Compliance activities in all business areas and units
  • Providing a continuous and comprehensive training programme for Representatives, staff, etc. that embeds a strong culture of compliance throughout the organisation
  • Develop the capability to become the centre of compliance knowledge and excellence
  • Work closely with the Marketing and Business Development units in developing and maintaining a fit for purpose Compliance approach and discipline that is fully aligned to growing customers volumes (both personal and non-personal), remittance volumes and revenues

Role Requirements

  • The candidate will have deep knowledge of Compliance matters and will likely have previously held the MLRO title or at DMLRO level and can demonstrate their capability to take a step up
  • A seasoned professional with a good understanding of regulatory risks and controls around MSB’s and money remittances
  • Confident and positive approach; able to interface with all levels of the organisation
  • Strong relationships with UK Regulators (FCA and HMRC)
  • Experience of working in culturally diverse businesses
  • Good communication skills and can ideally demonstrate experience of working in a business where English may not be the first language for all staff
  • Fully conversant with all Windows Office based software
  • A genuine hands on and lead by example approach
  • Willing to travel as and when required