The company seeks a Head of Compliance & Money Laundering Reporting Officer, designated as SMF 16 & SMF 17 Director. This individual will provide guidance on the company's financial crime and UK regulatory obligations. Their responsibilities include ensuring the firm's adherence to legal and regulatory requirements, implementing robust anti-money laundering (AML) and compliance systems, and leading by example to motivate team members. They will also develop, update, and maintain the firm's compliance policies, submit regular reports to senior management and the Board, and devise and execute a comprehensive strategy to address and resolve regulatory requirements set by the UK Financial Conduct Authority (FCA). The ultimate goal is to achieve full compliance and lift regulatory restrictions.
* Oversee the company's compliance with FCA rules, regulations, and internal policy standards, offering constructive challenges when necessary.
* Ensure the effective implementation of a compliance and risk management framework, establishing necessary systems and controls to mitigate risks. Monitor emerging regulatory developments and ensure their appropriate integration.
* Provide support to the company in developing and executing a comprehensive strategy to address and resolve Variation of Requirement (VREQ) issued by the UK FCA, with the aim of achieving full compliance and lifting regulatory restrictions.
* Supervise breach reporting and track corrective actions, including managing complaint escalation processes.
* Offer compliance advice, guidance, and sign-off as needed, participating in entity-wide processes to provide compliance input and challenge to other functions.
* Submit regulatory reports, notifications, and any required matters to the FCA promptly.
* Serve as a key liaison point for regulatory bodies, managing and coordinating information requests, inquiries, or investigations.
* Attend governance committee meetings, present relevant reports, and fulfill assigned actions.
* Exemplify high standards of conduct and behavior, serving as a role model within the organization.
* Capable of articulate communication with senior management.
* Demonstrated track record of effectively managing and resolving regulatory challenges, including VREQS or similar restrictions, within the financial services or relevant industries.
* Experienced in implementing organizational structures, processes, and systems to support strategic long-term objectives and regulatory compliance.
* Knowledgeable about key regulations including FCA's SYSC, MAR, and Senior Managers Regime requirements, AML/CTF regulations such as UK MLRS (latest amendments) and 5MLD, JMLSG Guidelines, and UK General Data Protection Regulations.
* Familiarity with the three lines of defense model.
* Skilled in defining risk appetite and conducting risk assessments.
* Competent in managing core compliance and financial crime operational processes.
* Able to analyze compliance and financial crime risks independently and determine the appropriate course of action.
* Experienced in contingency planning and execution.
How You Can Apply:
You can apply directly or send us an email at sachin@fintop.co.uk
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