Head of Compliance & MLRO SMF16/17

This role will oversee our compliance framework and ensure adherence to regulatory requirements while also acting as the focal point for anti-money laundering (AML) and counter-terrorist financing (CTF) activities.

This role is for 24 months and requires 5 hours a week (20hrs a month). Any additional hours worked will be billed at £200  

Key Responsibilities:

• Lead developing and implementing the company's compliance framework, ensuring alignment with FCA and PRA regulations.
• Act as a trusted advisor to the senior management and the board on regulatory compliance matters.
• Maintain and update compliance policies and procedures in line with evolving regulatory requirements.
• Conduct regular risk assessments and compliance monitoring activities to identify and mitigate potential issues.
• Oversee regulatory reporting and ensure timely submission of all required filings.
• Provide training and guidance to staff to embed a strong culture of compliance within the organization.
• Serve as the company's primary contact for all AML/CTF-related matters, both internally and with external regulatory bodies.
• Develop and maintain the AML/CTF policy and ensure its effective implementation across the business.
• Investigate and report suspicious activity in line with statutory obligations, including submitting Suspicious Activity Reports (SARs) to the National Crime Agency (NCA).
• Monitor and review the company's AML systems, controls, and procedures to ensure their effectiveness.
• Conduct periodic AML risk assessments and maintain the company's risk register.
• Deliver AML/CTF training to employees to ensure awareness of obligations and risks.

Key requirements:

• Proven experience in a senior compliance role within the UK financial services industry, ideally within life insurance. Knowledge of third-country branch FCA/PRA regulations.
• Proven experience in S166 review implementation.
• Strong understanding of FCA, PRA, AML, and CTF regulations.
• Experience in managing relationships with regulators and other key stakeholders.

_________________________________

Applicants must be in the UK and eligible to work without sponsorship.

Please note that if feedback is not received within 28 days, your application has been unsuccessful. By applying for this role, you may be registered on our database so we can contact you about suitable opportunities in the future. Your data will be managed in accordance with our Privacy Policy, which can be found on our website.

If you want this job advertisement in an alternative format, please contact MERJE directly.