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Compliance Officer, MLRO & Internal Control

  • Location: London
  • Salary: £65000 - £70000 per annum
  • Job type: Permanent
  • Ref: aqdx
  • Recruiter: Emir Allen

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:

  1. Remain aware of all local regulatory developments, parent company's requirements as well as internal policy and procedures of BMEL.
  2. Perform internal control function and monitor the day to day operation of BMEL.
  3. Oversee that all transactions of the Bank are performed in compliance with all statutory requirements.
  4. 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.
  5. Retain awareness to all regulatory developments and monitor the day to day operation of the BMEL's anti-money laundering policies.
  6. Respond to any request for information from the FCA, PRA or other regulatory body.

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