Risk & Compliance Director (MLRO) - Banking

Recruiter
Send Resourcing Ltd
Location
London
Salary
170000.0000
Posted
04 Feb 2017
Closes
04 Mar 2017
Contract Type
Permanent
Hours
Full Time

Risk & Compliance Director (MLRO) - Banking
Well known and large organisation in financial services is recruiting a Risk & Compliance Director responsible for leading the risk and compliance functions, and ensuring that the board receives appropriate and relevant support. You should have experience in a similar role within financial services.

As Risk & Compliance Director key responsibilities include:

  • Leadership of the Risk and Compliance functions with accountability to design, develop, implement and maintain the Risk Management Framework, and an effective compliance strategy, infrastructure and associated policies, consistent with recognised and accepted good industry practice
  • Promoting an appropriate risk culture across the organisation through clear strategy, messaging and engagement.
  • Build and maintain a strong regulatory compliance culture where consumer risk and fair treatment of consumers is embedded across the business and in all strategic activities.
  • Ensure a proactive approach is taken to the identification of risks - including advising on the risks associated with new business, change initiatives and their impact on company strategy, and regulatory and compliance risks, their communication to the business and the explanation of their potential impact on the business
  • Assisting the Board (and appropriate Committees) in the formulation and maintenance of companies risk appetite, tolerances and limits, having regard to the strategy and business plans and the risk/return profile of the company.
  • Ensuring that the GRC frameworks are integrated into the organisational structure and in the decision making processes of the business.
  • Providing advice and assistance to the first line in the management and resolution of major business risk events by ensuring the review of new control requirements, tracking implementation of action plans, and overseeing root cause analysis to prevent reoccurrences.
  • Developing and delivering risk training initiatives, including presentations to the Group Executive and Senior Management, to embed the risk management culture throughout the business.
  • Providing the Group Executive and Senior Management and business heads with expert guidance, support, oversight and independent challenge.
  • Monitoring regulatory developments, and assessing their relevance to the Business.
  • Day to day management of the group Risk and Compliance teams including mentoring, coaching, performance management and objective setting
  • To act as Money Laundering Regulatory Officer for the company, including to ensure robust systems and controls are documented, communicated and controlled in relation to Anti Money laundering, Bribery and Corruption, Internal and External Fraud
  • Ensure compliance with Data Protection legislation across all areas of the business, multiple distribution channels and contractual relations with third parties and partners

As Risk & Compliance Director your skills and experience will include:

  • Law degree, accountancy qualifications, CII or equivalent professional risk management qualification
  • Previous experience of establishing and/or working in a compliance function at a very senior level. Experience in a Financial services business and liaising with regulators is mandatory.
  • A strong understanding of current financial services legislation, and Ideally has held MLRO and FCA/PRA controlled function/ senior manager status.
  • Experience of influencing regulatory bodies and external stakeholders.
  • Well developed communication skills and the ability to tailor style to relevant audiences.
  • Previous experience of working across complex, rapidly evolving change programmes and senior stakeholder management within this environment.
  • Previous experience of operating at a senior level with a demonstrable ability to gain trust and influence at Board and senior leadership level.
  • High level and current knowledge and experience of best UK practice in Compliance and Risk Governance.

On offer is a basic c170k + substantial package.