Head of Compliance and Financial Crime

  • £120,000 - £150,000
  • London, England, United Kingdom
  • Permanent, Full time
  • Holmes Search
  • 15 Nov 17 2017-11-15

Lead a small team of 3 in providing compliance and financial crime over-site to a small European private bank specialising in property and execution only treasury.


  • Develop, maintain, implement and review a Compliance Plan that will effectively monitor the Bank’s compliance with all Regulatory requirements and adheres to Group Compliance Policies and Procedures, and report progress against the plan to Senior Management.
  • Communicate new regulatory requirements to Senior Management and relevant business areas;
  • Maintain effective communication with the regulators;
  • Report regulatory risks and failures to Senior Management and where appropriate to the PRA/FCA together with remedial action;
  • Develop and maintain procedures and controls that ensure the completion of regulatory remedial action;
  • Conduct compliance reviews in accordance with the Compliance plan and report findings to Senior Management and the Audit Committee;
  • Provide assurance to the Board and Senior Management that compliance meets the required standards;
  • Develop and maintain compliance policies and procedures;
  • Evaluation and reporting of customer complaints,
  • Ensure compliance with TCF standards – Hold quarterly Compliance Forums; Communicate TCF standards to all staff;
  • Ensure that compliance risks for every business area are identified and relevant controls are developed to mitigate these risks;
  • Ensure adherence to t internal rules, policies and procedures as well as to the relevant legal and regulatory frameworks;
  • To ensure adequate record keeping practices are maintained in compliance with regulatory requirements.

Money Laundering:

  • Ensure the development, implementation and maintenance of systems and controls that reduce the risk of financial crime and money laundering and comply with the regulatory requirements
  • Monitor the day-to-day operation of the Bank’s anti-Money Laundering policies and activities;
  • To act as the point of reference and receive internal reports from management and staff;
  • To report all incidences of money laundering and fraud to the Bank’s Senior Management;
  • To make external reports to NCA and liaise with NCA;
  • Obtain and use national and international findings to monitor and risk assess new developments;
  • To provide assurance to the Board, Audit Committee and Senior Management that that anti-money laundering practices meets the required regulatory and best practice standards;
  • To complete the annual money laundering report to the Board;
  • Respond promptly to any reasonable request for information made by the regulator and other authorities;