Essential Duties and Responsibilities
Specific (Prescribed Responsibilities):
* Hold SMF16 and SMF17 functions (subject to regulatory approval)
* Lead the Compliance Function in line with SMCR requirements
* Oversee policies and procedures to mitigate financial crime risk
* Act as Data Protection Officer (DPO)
General:
* Comply with FCA Conduct Rules, Principles for Businesses, and PRA Fundamental Rules
* Follow all regulatory guidelines, systems, and controls
* Ensure adherence to internal policies and procedures
Key Duties:
* Monitor regulatory changes and assess impact
* Provide compliance advice and guidance to staff
* Maintain and update compliance and conduct policies
* Prepare and update the Compliance Manual and contribute to recovery planning
* Oversee compliance monitoring and address control weaknesses with the First Line of Defence
* Conduct annual Fit & Proper assessments (SMCR)
* Support governance forums with reporting and insights
* Notify regulators of changes in controlled functions
AML & Financial Crime:
* Support KYC and customer due diligence processes
* Develop AML guidance and training
* Monitor high-risk accounts and PEPs
* Conduct AML risk assessments and oversee remediation
* Act as AML subject matter expert and liaise with authorities
* Report suspicious activity and regulatory breaches
* Prepare AML reports and annual MLRO reporting
* Monitor sanctions, transaction screening, and SAR submissions
Data Protection:
* Monitor and advise on data protection compliance and obligations
* Oversee and approve DPIAs
* Act as the contact point for data subjects and regulatory authorities
* Ensure data protection risks are identified and managed effectively