Head of Compliance & MLRO - (Part Time)

55000.00 - 65000.00 GBP Annual
28 Jul 2021
05 Aug 2021
Part Time
Contract Type

A unique and exciting hands-on Compliance and MLRO role (SMF16 & SMF17) leading all activities relating to AML/CTF and compliance within our Bank supporting the Banks senior management.

Responsibilities include but are not limited to:

  • Research and understand changes in regulation
  • Develop policies internally relating to AML in the company and oversee the implementation of those policies
  • Work to develop AML guidance materials, training resources, and controls
  • Update internal handbook on AML policies
  • Advise senior management of any likely implications of changes to internal policies
  • Implement the annual AML plan and perform the relevant quality assurance checks to ensure adherence
  • Conduct due diligence reviews
  • Report results of reviews of AML risk assessments and monitor remedial proceedings
  • Identify, investigate, and resolve all activities that are deemed noncompliant.
  • Plan AML training sessions
  • Provide advice on the implication of future business strategies
  • Act as a subject matter expert for the business and point of reference to address related queries
  • Compile reports for the board and Management.
  • Address issues relating to transaction monitoring, filtering, and sanctions
  • Handle the preparation work and management of inspections by the regulator
  • Develop and update internal procedures
  • Oversight of all compliance issues

The candidate must have a strong background in Financial Services (any sector), an in-depth knowledge and understanding of;

  • Patterns and methods of Money Laundering.
  • AML/CTF regulations.
  • be confident and concise in communication with a proven organisational ability.
  • and be solution oriented possessing the capability to present at management meetings.
  • Legal experience in loan documentation will be a distinct advantage.

Your Background

The bank will consider candidates who hold the Head of Compliance / MLRO outside of banking who can demonstrate the suitability to take on this mandate.

The salary offered will be commensurate with the candidate's experience and can be offered as a part time opportunity minimum is 3 days per week.

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