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Head of Compliance & MLRO

Scope and Purpose:
To monitor activities within all parts of the Branch on a regular basis to ensure, as far as possible, that business is conducted in accordance with regulatory requirements; follow up problems and ensure that corrective action is taken where necessary
To review and update on a regular basis the Branch Compliance Manual and Branch Personal Account Dealing
To ensure that all clients are correctly categorised in accordance with the rules and that the relevant categorisation letters/notices are despatched to the client in accordance with the rules. ·
To liaise, where necessary, with the FCA and PRA in respect of matters such as interpretation of rules and regulatory implications arising from changes in the Branch's activities and changes to the Branch Business profile.·
To establish procedures to ensure that all levels of staff are aware of relevant regulatory requirements. ·
To prepare and deliver, as and when necessary, in house presentations/training to further enhance awareness of FCA and PRA rules. ·
To notify the FCA on the appropriate forms of the registration of new staff and withdrawal of departing staff in accordance with the FCA Approved persons rules.
To provide advice on regulatory issues to all areas of the Branch's business.·

To carry out special investigation projects/assignments, whenever necessary, concerning cases, or alleged cases of Fraud affecting the Branch.MLRO·
To be responsible for maintaining the correct adherence to the Sanctions Lists, and managing the bank's automated sanctions-filtering software system. ·
To deal with the FCA and PRA on matters relating to money laundering whenever necessary.·
To monitor adherence with the Branch's Anti Money Laundering Policies and Procedures.·
To arrange, administer and ensure that all staff have appropriate training in relation to money laundering.·
To identify and circulate within the Branch findings made by national governments and international bodies relating to the activities of money launderers.·
To take the necessary steps to access all 'customer identification/know your customer' information accessible by the Branch to assess the substance of suspicions reported to him/her.·
To produce external reports to SOCA as and when necessary.·
To produce reports (at least annually) to the senior management of the Branch relating to the effectiveness of anti money laundering procedures within the Branch.·
To provide advice on regulatory issues to all areas of the Branch's business.

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