head of compliance, banking in London

posted
contact
alex sin, randstad
job type
permanent
salary
£ 8,000 - £ 11,000 per month

job details

posted
location
london, greater london
specialism
banking & financial services
job type
permanent
working hours
Full-Time
salary
£ 8,000 - £ 11,000 per month
experience
10 years
reference number
91M0150317_1604652647
contact
alex sin, randstad
add to saved jobs print

job description

about the company

Based in London, UK, our client is a Malaysian bank offering banking and cash equities services.

about the job

Support Group Legal & Compliance to promote and manage the culture and practice of regulatory compliance and ethical standards in the conduct of all business functions. Ensure the effectiveness of management of compliance and regulatory risk issues through the establishment and maintenance of appropriate and effective frameworks and procedures to avoid any financial and reputational loss.

  • Advise all business units and support functions on establishment and implementation of effective systems, procedures, and controls for compliance with requirements and standards under the regulatory system which includes compliance risk management, anti-money laundering, and data protection procedures;
  • Disseminate new/amended regulations, perform appropriate review/assessment to evaluate the adequacy of internal control put in place by business and support units within the bank to manage regulatory compliance and AML/CFT risk, and promptly follow-up on any identified deficiencies and plans to address such deficiencies;
  • Conduct annual risk assessments, identify the risk areas, and prepare Compliance Work Plan accordingly;
  • Advise the Board, Senior Management, and business and support units on regulatory requirements, this includes keeping them informed on the developments affecting legal and regulatory requirements and providing the Board and Senior Management with an assessment of their implications on compliance risk profile and capacity to manage risk going forward;
  • Liaise with and act as the principal point of contact for regulatory authorities;
  • Provide regulatory compliance and AML/CFT related advice and guidance to all business units, including new products/business proposals, response to regulators’ queries/requests, and have regular communication with the Senior Management to ensure that compliance risks are adequately managed;
  • Develop, oversee and continuously review AML/CTF systems to ensure they remain up-to-date and meet current statutory and regulatory requirements;
  • Conduct regulatory compliance/AMLCFT training, including new staff induction training, periodic compliance training, and targeted training, etc.;
  • Fulfill statutory responsibilities as appointed SMF 17 Compliance Oversight and SMF 16 MLRO
  • Other duties that may be assigned by the Management from time to time.

skills & experience required

  • Degree holder or professional qualification in business, law, or related disciplines
  • Minimum 10 years of working experience in legal, compliance, audit, or regulatory work in the financial services industry
  • Possess a good understanding of the securities laws and regulations
  • Strong analytical and problem-solving skills and ability to prioritize and organize work effectively and efficiently to meet targets and deadlines
  • Excellent verbal and written communication skills

culture & benefits

Our client offers rewarding careers with annual salary up to GBP135,000. They believe in open & honest communication, collaboration, and knowledge sharing.

how to apply

Kindly send your application to alex.s@randstad.com.my to apply or contact Alex Sin at +6012 395 9922 for further details

skills

Bank compliance, legal, audit, regulatory, securities compliance

qualification

- Degree holder or professional qualification in business, law, or related disciplines

responsibilities

about the job

Support Group Legal & Compliance to promote and manage the culture and practice of regulatory compliance and ethical standards in the conduct of all business functions. Ensure the effectiveness of management of compliance and regulatory risk issues through the establishment and maintenance of appropriate and effective frameworks and procedures to avoid any financial and reputational loss.

educational requirements

Bachelor Degree