Head of Compliance and MLRO

Title: Head of Compliance and MLRO

Location: Basingstoke (Office Based)

Salary: Generous salary plus great benefits

Our Client is a fast-growing and prestigious lender based in Basingstoke who are looking for a Head of Compliance and MLRO to join their Team.

The successful candidate will be responsible for compliance and MLRO functions and managing a small Team.

Primary Responsibilities

• Drive compliance of the Branch with all UK Financial Services in which the Bank operates in the UK.
• Identify potential areas of compliance and money laundering vulnerability and risk.
• Review and analyse new UK legislation and regulations to assess the impact on the Bank and integrate relevant changes into the Branch, Bank, and Group policies
• Develop/implement corrective action plan(s) for resolution of problematic issues and provide general guidance on how to mitigate and avoid the identified risks recurring.
• Planning and delivery of a financial services compliance risk training program.
• Represent the Bank with all external agencies, related to money laundering prevention, investigation or compliance concerning the Branch.
• Responsible for preparing and submitting the required Compliance regulatory returns, notices, and reports.
• Manage and monitor the compliance/AML related policies and maintain all registers and logs.
• Ensure all internal suspicious activity reports received by the Branch are investigated without delay.

Knowledge, skills, and qualifications

• Hold a relevant professional qualification (law or accounting) or proven relevant financial services industry experience.
• Detailed working knowledge in the 2LoD in the Financial Services sector of at least 10 Years’ PQE of FCA and PRA Rules, particularly about Banking (BCOBS) and Consumer Credit (CONC), and Corporate Lending.
• Detailed working knowledge in the 2LoD in the Financial Services sector of AML rules and associated guidance.

Please call Jo for more information.