Overview
Head of Compliance & MLRO (SMF16 & SMF17)
Location: London (Remote during the initial setup phase)
Reports to: UK Country Manager (SMF1)
About Us:
Our client is a leading fintech platform connecting millions of consumers with financial institutions. Listed on the NYSE, we leverage cutting-edge Artificial Intelligence and Big Data technologies to provide accessible financial services. With a robust track record in Asia, we are now bringing our proven technology and inclusive finance model to the UK market.
The Role:
We are looking for a hands-on Head of Compliance & MLRO to safeguard our entry into the UK market. This pivotal role combines two critical Senior Management Functions: SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer). You will be instrumental in designing the frameworks that will allow us to secure our FCA license.
Responsibilities
* License Acquisition: Lead the drafting of all compliance-related application materials, including the Compliance Manual, AML/CTF Policy, and Consumer Duty Framework.
* FCA Interaction: Serve as the primary contact point for the FCA regarding all compliance and financial crime matters.
* Framework Design: Build the company''s "Three Lines of Defence" model. Ensure our AI-driven lending processes are fully transparent and fair (treating customers fairly).
* Monitoring & Reporting: Establish systems for transaction monitoring, SARs reporting, and ongoing regulatory returns.
* Advisory: Advise the Country Manager and HQ on the practical implications of UK regulations (e.g., CONC, SYSC, DISP).
Requirements
* Regulatory Status: Must have previously held SMF16 and SMF17 functions (or significant deputy roles) within a UK consumer credit institution. Current valid FCA approval is a distinct advantage.
* Technical Knowledge: In-depth understanding of the Financial Services and Markets Act (FSMA), FCA Handbook (specifically CONC), and the Money Laundering Regulations.
* Hands-on Approach: Willingness to "roll up sleeves" to write policies and set up processes from scratch.
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