Head of Compliance & MLRO

Overview

Our client seeks a Head of Compliance and Money Laundering Reporting Officer to join their team.

Role Profile: You will be responsible for fulfilling the FSA controlled functions of Head of Compliance and Money Laundering Reporting Officer for our trust and corporate service provider business. This will involve overseeing the operational and day to day compliance strategy and processes of the business.

Key Responsibilities:

• Providing support to the Directors with regulatory oversight activities and regulatory reporting including AML/CFT matters
• Providing ongoing advice and support to the business on regulatory compliance and AML/CFT matters
• Developing and maintaining our relationship with the Financial Services Authority
• Cooperating and acting as a contact point with the Financial Intelligence Unit
• Receipt, review, investigation and, if appropriate, externalising internal Suspicious Activity Reports
• Identify and implement developments to the business compliance and AML/CFT framework
• Supporting the maintenance of the risk management framework for the business
• Identifying changed business risks
• Supporting the development, delivery and reporting of the compliance monitoring programme
• Coordinating the delivery of regulatory change initiatives impacting the businesses
• Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly
• Maintaining the Compliance and AML/CFT Manuals, policies and associated documentation
• Maintaining the registers required under the Financial Services Rule Book and the AML/CFT Code
• Preparation and development of industry specific regulatory, AML/CFT and other relevant training for staff
• Review of higher risk new business and support to the business control team on AML/CFT matters
• Oversight of the periodic client review process
• Providing ongoing advice and support to clients on compliance matters
• Ensuring knowledge of all relevant legislation, associated regulations and guidance is up-to-date with recent developments
• Any other compliance related duties that may be required from time to time