Job Title:                     Compliance Officer, Deputy MLRO

Industry:                      Banking

Location:                     United Kingdom

Salary:                         Competitive Salary Package + Benefits

Essential Duties and responsibilities

Specific: (Including Prescribed responsibilities)

5. Performing the role of Deputy MLRO and Compliance Officer
5. Assisting the Head of Compliance in performing Compliance duties

General:

5. Adhering to FCA’s Conduct Rules (both Individual and Senior Manager’s Conduct Rules)
5. Adhering to FCA's Principles of Business & PRA’s Fundamental Rules.
5. Adhering to all systems, controls & Regulatory guidelines.
5. Maintain compliance with all policies and procedures of the Bank.

Description of Duties

5. Identifying regulatory changes and assessing whether these are relevant to the Bank.
5. Carrying out compliance monitoring programme and Preparation of Summary of Regulatory Developments
5. Follow up on action points emanating from Compliance Monitoring Reviews
5. Perform quarterly Thematic reviews
5. Reporting on a regular basis on compliance matters, identified breaches and corrective action taken to Head of Compliance.
5. Horizon Scanning and mapping of regulations with relevant business and operations;
5. Assisting in the completion and submission of regulatory returns in accordance with the specified timescale
5. Performing regular testing to ensure full compliance to KYC policy, which would include all type of customers and counterparties.
5. Review and advising the bank of Financial Sanction notices by HM treasury as and when received
5. Risk Review and sign off of all High-Risk account opening files and providing observations to MLRO and Branch Head
5. Further investigations / review of adverse media and application of Enhanced Due Diligence (EDD) in the cases of high-risk customers following the risk-based approach.
5. Review of customers' transaction/ turnover parameters
5. Daily review of transaction alerts, coordination with branch for follow up, closure of alerts
5. Follow up for periodic review of customers' account, if any
5. Providing Compliance/ Regulatory advice to branch team
5. Reviewing alerts generated by SWIFT system
5. Review and obtaining Gift and Hospitality declaration by all staff members.
5. Review and update of manual / policy/ procedures of the bank in relation to Compliance Manual, Anti Bribery, Anti-Fraud, TCF, Conduct Risk
5. Verification of exchange rate in bank's website
5. Review and follow up on ongoing issues for items drawing the attention of compliance department
5. Participating in meeting and preparing minutes for circulation
5. In the absence of Head of Compliance, act on behalf and represent Head of Compliance in various Management committees
5. Provide advice to the business and other business functions in in relation to AML matters.

Senior Managers Regime Conduct

Individual Conduct Rules: (COCON 2.1-2.2)

5. Rule 1: You must act with integrity;
5. Rule 2: You must act with due skill, care, and diligence;
5. Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators;
5. Rule 4: You must pay due regard to the interests of customers and treat them fairly; and
5. Rule 5: You must observe proper standards of market conduct.

Skills/Competencies required

5. 3-4 years’ Experience in Compliance and AML role in a mid-tier Bank
5. Excellent Communication and Interpersonal skills with the ability to interact with all levels of staff and management.
5. Good Knowledge and experience within a regulatory environment, including sound understanding of the Senior Managers and Certification Regime.
5. Diploma/Certification in Compliance (ICA/CISI) will be preferred.