A boutique bank with offices in London and headquartered in Asia is looking for an Internal Controls / Compliance & MLRO Manager.
Importantly, this position requires the incumbents' registration with the UK Regulator(s) under the Senior Managers Regime to perform the following Financial Conduct Authority (FCA) / Prudential Regulation Authority (PRA): Senior Managers Regime (SMR) functions -
- FCA - SMF 16 Compliance Oversight function; and
- FCA - SMF 17 Money Laundering Reporting function.
Prescribed Responsibilities -
- Compliance Oversight - responsible for ensuring the governing body is informed of its legal and regulatory obligations;
- Money Laundering Reporting - overall responsibility for the firm's policies and procedures for countering the risk that the firm might be used to further financial crime;
Responsibilities:
- Remain aware of all local regulatory developments, parent company's requirements as well as internal policy and procedures of BMEL.
- Perform internal control function and monitor the day to day operation of BMEL.
- Oversee that all transactions of the Bank are performed in compliance with all statutory requirements.
- Assist Management develop policies and procedures in line with the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), UK Law and parent company's requirements.
- Retain awareness to all regulatory developments and monitor the day to day operation of the BMEL's anti-money laundering policies.
- Respond to any request for information from the FCA, PRA or other regulatory body.