Senior Manager of Compliance - Banking

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Your New Job Title: Senior Manager of Compliance - Banking

The Skills You'll Need: Solid Compliance, financial crime and MLRO experiences within banking.

Your New Salary: depending on experience

Hybrid : 4 days in the office, 1 day at home

Perm

Start: ASAP

Reporting to: Chief Compliance Officer & MLRO (SMF16 & SMF17)

What You'll be Doing:

• Maintain and enhance the financial crime compliance framework, including policies, procedures, and controls, ensuring compliance with UK laws and regulatory requirements.
• Support the CCO to ensure the Branch comply with the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.
• Assist the CCO to oversee the branch’s compliance with FCA/PRA regulations and JMLSG guidance related to financial crime.
• Assist the CCO in identifying, assessing, and managing financial crime risks, including AML, sanctions, ABC, and fraud risks.
• Support the preparation and submission of Suspicious Activity Reports (SARs) to the National Crime Agency (NCA) and maintain related records.
• Conduct regular reviews of the Financial Crime Risk Assessments, escalating issues and recommending enhancements to mitigate risks.
• Monitor compliance with UK, Chinese and US sanctions regimes, including screening payments and customer records for sanctions breaches.
• Oversee client onboarding processes, ensuring compliance with KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements for high-risk customers, including Politically Exposed Persons (PEPs).
• Conduct ongoing monitoring of customer activity and ensure accurate maintenance of client files and KYC documentation.
• Act as the primary point of contact in the MLRO’s absence.
• Assist the MLRO in preparing financial crime-related reports for senior management, Head Office, and regulatory bodies.
• Design and deliver AML, sanctions, and financial crime compliance training to staff, fostering a culture of compliance and risk awareness.
• Provide tailored guidance to front-office and operational teams on high-risk areas, such as sanctions screening and transaction monitoring.
• Assist in preparing for and managing internal and external audits and regulatory inspections related to financial crime compliance.
• Ensure timely resolution of any findings or recommendations from audits or reviews.
• Support the preparation of reports for internal committees (e.g., Management Committee (ManCo), Audit and Risk Committee (ARCo)) and Head Office.
• Act as a compliance representative in committees or meetings as required, presenting financial crime updates and escalating significant issues.

The Skills You'll Need to Succeed:

• Regulatory Expertise: Strong knowledge of the regulatory requirements for third-country branches in the UK, including FCA and PRA rules, AML regulations, and JMLSG guidance.
• AML/Financial Crime Expertise: Significant experience in managing AML, sanctions compliance, and ABC programmes within a regulated financial institution; Practical knowledge of transaction monitoring systems and sanctions screening tools.
• Deputy MLRO Experience: Proven ability to fulfil MLRO responsibilities, including handling SARs, managing financial crime risks, and liaising with regulators.
• Analytical and Organisation Skills: Ability to manage multiple priorities while maintaining attention to detail and meeting deadlines; Strong analytical and investigative skills to assess risks and identify suspicious activity.

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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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