Deputy HoC and MLRO

We are excited to be working with an exciting fast-growing Fintech within the payments space in their search for a Deputy Head of Compliance and MLRO.

They need someone who can work autonomously to help build the frameworks for their second-line compliance function, under the direction of the Head of Compliance & MLRO.

Main Duties

Working closely with other senior leaders, your responsibilities will include:

• Acting on behalf of the Head of Compliance & MLRO when necessary
• Interacting with the CEO, ExCo, and other Department Heads as needed
• Improving compliance & governance frameworks
• Establishing a risk-based compliance monitoring system
• Performing regular financial crime Business Wide Risk Assessments (BWRA)
• Updating Client Risk Assessment matrices regularly
• Compiling the annual MLRO / financial crime report
• Evaluating the impact of regulatory changes, and developing policies and procedures as required
• Creating materials for relevant governance forums like the Risk Committee and Financial Crime Committee
• Ensuring precise responses and reports to the Regulator
• Assisting in managing the performance of the broader compliance and financial crime team

Requirements

Applicants should have the following qualifications and experience:

• Extensive experience in the financial services sector, with a focus on retail banking, deposit-taking, payments, FinTech, or similar areas within financial services
• Previous experience in a senior compliance and AML role or as a Deputy Head of Compliance & DMLRO
• Demonstrated understanding of industry best practices and regulatory frameworks
• Confidence in making decisions and working independently
• Efficiently conducting gap analyses and summarising risk from various sources
• Thorough knowledge of the FCA Rulebook, including Consumer Duty, BCOBs, Payments Regulation
• Essential familiarity with JMLSG and FCA rules regarding AML/CTF
• Relevant industry certifications such as ACAMS/ICA are essential

Job Requirements

As the organisation operates in an FCA-regulated financial environment, they seek individuals who embody:

• Honesty and integrity
• Strong attention to detail
• Excellent organisational skills
• Strong work ethic
• Excellent communication skills
• Ability to work well within a team

Apply now for a chance to be shortlisted!