Full job descriptionHead of Compliance / MLRO (SMF16/17)
City of London
(5 days in the office)
Permanent
£90,000 + bonus + pension


cer Financial are working alongside an international bank, who are based in the City of London. They are seeking a Head of Compliance / MLRO (SMF16/17) to work with them on a permanent basis.


THE ROLE:


*Lead the Bank’s Compliance, Internal Controls, AML/MLRO, and Governance functions.
*Ensure all activities comply with FCA/PRA regulations, UK law, banking standards, and internal policies.


Key Regulatory Responsibilities
*Hold FCA Senior Management Functions:
*SMF16 – Compliance Oversight
*SMF17 – Money Laundering Reporting Officer (MLRO)
*Ensure compliance with SMR, SYSC, Conduct Rules, AML/CTF, and Anti-Bribery requirements.


Compliance
*Monitor regulatory compliance across the Bank.
*Develop and maintain compliance policies and monitoring programmes.
*Liaise with FCA, PRA, and other regulators.
*Investigate fraud, misconduct, and compliance breaches.
*Deliver compliance reporting and staff training.


Internal Controls
*Monitor operational controls and review transactions.
*Coordinate with Internal Audit and oversee audit follow-up actions.
*Report control issues and whistleblowing matters to senior management and the Board.


MLRO / Financial Crime
*Oversee AML and financial crime frameworks.
*Review suspicious activity and submit reports to authorities where required.
*Maintain AML policies, controls, and staff training.
*Act as the Bank’s primary contact for AML-related regulatory matters.


Policy & Governance
*Monitor regulatory developments and governance requirements.
*Ensure policies and procedures remain current and effective.
*Support Board governance, committee oversight, and regulatory training.


Additional Responsibilities
*Secretary to the Audit & Risk Management Committee.
*Primary contact for FCA/PRA and liaison with Internal Audit.
*Voting member of Management, Credit, and ALCO Committees.
*Regularly report to the CEO, Board, and Audit & Risk Management Committee.


Overall Objective
*Provide independent oversight of compliance, governance, internal controls, and financial crime risk to protect the Bank and support regulatory compliance.