Head of Compliance - 1 year Fixed Term Contract

02 Feb 2017
02 Mar 2017
Contract Type
Full Time

We are currently representing an expanding, independent FX and money transfer company based in the UK, located in Canary Wharf to recruit for a Head of Compliance.

Reporting directly to the Chief Operating Officer, you have responsibility for managing all Compliance related activities across our business including on-boarding, transaction monitoring, fraud and risk, as well as developing and enhancing new and existing policies/processes.

Key responsibilities

  • Managing and leading a compliance team of 7, including on-going training and development.
  • Client on-boarding - reviewing and authorising Private and Corporate client accounts, ensuring full KYC and Customer Due Diligence is completed.
  • Managing and recording PEP, Sanctions and Transaction Monitoring alerts.
  • Managing any potential fraud risk associated with Credit and Debit card transactions
  • Deputy MLRO - completing SAR reports for the NCA and managing the SAR register.
  • Developing and enhancing AML and Compliance manuals outlining all policies and procedures.
  • Assisting with maintaining and enhancing the Risk Management framework.
  • Regulatory engagement - including site visits and responding to enquiries from the UK regulators (FCA/HMRC) and banking counterparties.
  • Monthly and Quarterly reports to MLRO and Risk Management Committee.
  • Dealing with incoming law enforcement enquiries and production orders.

The ideal candidate

  • A strong compliance background within the financial services industry
  • Compliance qualification (such as ICA) (preferable)
  • Experience with the FCA, HMRC and JMLSG
  • Experience of accepting credit and debit card payments (preferable)
  • Excellent interpersonal skills with the ability to communicate with staff at all levels of the organisation, as well as with external stakeholders including regulators.
  • Strong management skills in order to manage and develop the Compliance team
  • Ability to work well under pressure
  • Ability to work unsupervised with a high level of self-motivation.
  • Desire/ability to work successfully in a small company environment.