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Head of Compliance

Posted 6 March by Habibsons Bank Ltd Easy Apply Ended

To lead the Bank’s Compliance and Anti Financial Crime operations by directing and coordinating activities to ensure that the Bank’s compliance regime and processes are maintained in accordance with current and future regulatory policy.

  • To formulate and document the Bank’s compliance strategy based on government legislation and the regulators (e.g. FCA’s) rules and guidance on best practice
  • To develop and implement appropriate controls and monitoring to ensure that the Bank meets its statutory and regulatory obligations (Financial Services and Markets Act 2000 and applicable regulatory Rules) and internal or Group requirements in respect of Compliance
  • To work with all areas of the business to embed the culture of good compliance practice and in particular treating customers fairly
  • Provide assurance to the Executive Committee that the team is able to produce and deliver effective plans and programmes in relation to all compliance areas
  • A deep understanding of Compliance and financial crime as a discipline within a wealth management, private banking environment, and the subsequent benefits from such implementation
  • Overall responsibility for the Bank’s policies and procedures for countering the risk that the firm might be used to further financial crime

  • Experience of having worked in both large and small institutions and comfortable in working with little supervision and taking ownership and responsibility, within a smaller organisation
  • Be the primary point of contact between the Bank and the UK Regulators (FCA & PRA) together with other any other local regulatory agencies

  • Establish an effective interface with Internal Audit, Operational Risk Management, and other relevant functions to ensure compliance weaknesses are identified and addressed in a timely and pro-active manner

  • Overall responsibility for the Bank’s compliance with CASS

  • Overall responsibility for the Bank’s customer complaints handling

  • Devise procedures for effective implementation of regulatory rules

  • Ensure that new activities are conducted in accordance with all applicable legal and regulatory restrictions

  • Responsible for ensuring compliance with specific conduct risk i.e. product development, compliance process and procedures and HR including performance management

  • Ensure monitoring to assess the Bank’s compliance with FCA regulatory requirements specifically to organize and assist with the Compliance Monitoring Programme

  • Responsible for ensuring that the Treat Customers Fairly (TCF) policies and procedures are accurate and updated regularly

  • Act as the Bank’s internal contact for any whistleblowing reports

  • Other assignments assigned from time to time by the CEO/ Audit & Compliance Committee

Minimum experience:

  • Significant experience in the capacity of Head of Compliance in a similar Retail Bank
  • Significant knowledge of MIFID and other Private Banking regulations
  • Experience in managing a team
  • Solid working relationships with the regulators
  • Ability to build and maintain credible working relationships with others
  • Deep FCC knowledge across Global AML, Sanctions and ABC
  • Preferably holding or having held FCA Senior Manager SMF16 or equivalent

Additional Information:

  • Member of the Management Committee by invitation
  • Secretary of the Audit & Compliance Committee

Required skills

  • Committee
  • Compliance Monitoring
  • Customer Complaints
  • Financial Crime
  • Regulatory Agencies

Reference: 34621687

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