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Head of Compliance
Posted 8 days 3 hours ago by Barclay Simpson
Permanent
Part Time
Other
London, United Kingdom
Job Description
Job Description: Head of Compliance & Money Laundering Reporting Officer (MLRO) - SMF16 & SMF17 Position: Head of Compliance & MLRO Function Holder Roles: SMF16 (Compliance Oversight) & SMF17 (Money Laundering Reporting Officer) Location: Boutique Bank (Hybrid Working / Part-Time Flexibility Available) Salary: £100,000 per annum About the Role This is an exciting opportunity to join a boutique bank as the Head of Compliance and MLRO, registered as a Senior Manager with the Financial Conduct Authority (FCA) under SMF16 and SMF17. We're seeking a compliance leader with proven expertise in establishing and managing compliance functions, who has a strategic mindset and operational capability. With a supportive, low-pressure environment due to the bank's limited deal volume and low-risk profile, this role offers a balanced work-life setup, hybrid flexibility, and even part-time arrangements for the right candidate. You will be supported by an in situ DMLRO and be responsible for the 20 strong office. Key Responsibilities
- Compliance Oversight (SMF16):
- Lead the bank's compliance function, ensuring full alignment with FCA regulations, industry standards, and best practices.
- Develop and implement compliance policies, procedures, and frameworks to support a risk-averse, regulated environment.
- Oversee regulatory reporting and engage in direct communication with the FCA and other regulatory bodies.
- Monitor, assess, and report on compliance risks, ensuring robust controls and mitigation strategies.
- Conduct compliance training across all departments, fostering a strong compliance culture.
- Prepare and present compliance performance and risk reports to the senior management team and board of directors.
- Money Laundering Reporting Officer (SMF17):
- Act as the designated MLRO for the bank, overseeing all anti-money laundering (AML) and counter-terrorist financing (CTF) programs.
- Implement and maintain AML and CTF policies in line with regulatory requirements and risk management objectives.
- Review and manage all AML/CTF investigations and reporting, including suspicious activity reports (SARs), ensuring timely and accurate filings.
- Liaise with relevant regulatory and law enforcement agencies, maintaining effective channels of communication and reporting.
- Stay informed on emerging trends and updates in financial crime and AML/CTF legislation, adjusting internal policies accordingly.
- Qualifications & Experience:
- FCA registered with prior experience holding SMF16 and SMF17 roles, ideally within a regulated environment.
- Strong background in compliance, risk management, and AML with a proven ability to manage regulatory relationships.
- Expert knowledge of FCA regulations and requirements, ideally within a boutique or low-risk bank setting.
- They will consider candidates who are not working in banking/trade finance.
- Skills & Attributes:
- Ability to work both independently and collaboratively with senior management, stakeholders, and teams.
- Strong strategic thinking and problem-solving abilities, with meticulous attention to detail.
- Excellent communication skills, with the ability to present complex information in a clear and actionable manner.
- Proactive, ethical, and resilient in driving compliance and AML objectives within a risk-averse framework.
- Competitive salary of £100,000, alongside hybrid and part-time flexibility.
- Opportunity to shape the compliance and AML function within a supportive, low-pressure environment.
- Direct engagement with senior leadership and board, with autonomy to make a meaningful impact.
Barclay Simpson
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