head of compliance (cf10, cf10a & cf11) in city of london

job type
£ 100,000 per year
apply now

job details

city of london, greater london
job category
financial services
job type
£ 100,000 per year
reference number
020 7786 6917
apply now

job description

Do you want to join a small, rapidly growing startup depository bank? Can you handle the responsibility of being the SOLE authority on compliance and operational risk within the UK branch? Can you rise to the challenge of instructing European counterparts on the intricacies of UK regulation (especially CASS requirements)? If so, then this may be just the job for you!

Our client is small in size but big in ambition! A startup depository bank with two yeas' trading experience in the UK, it has had approval for Alternative Investment Funds (AIFMD) for some time and has recently been authorised under UCITS too. Backed by a leading European corporate and investment bank, by joining our client you would have all the benefits of being a leading player in a small outfit but with all the security provided by an established CIB backer.

Key Job Responsibilities:

- Member and Secretary of the UK Compliance and Risk Committee (CRC)
- Money Laundering Reporting Officer for the Branch (SMF17)
- UK Branch financial regulatory reporting (e.g. GABRIEL)
- Maintain/develop and deliver local AML/CTF, Compliance, Risk and Permanent Controls frameworks
- Maintain/develop UK compliance policies, controls and procedures within Group frameworks
- Maintain and deliver AML/CTF risk assessment, policy and procedures and International Sanctions compliance
- Monitor and manage regulatory change with other senior managers, continuously monitor and evaluate regulatory and industry changes affecting the Branch
- Develop UK compliance manual, in conjunction with Head Office Compliance function
- Establish and deliver proportionate independent compliance monitoring
- Develop UK risk policies, in conjunction with Head Office Risk function
- Group Risk, Compliance and Permanent Controls reporting
- Identify and deliver on local compliance training needs and administer group compliance training (e-learning)
- Brexit contingency planning
- Promote and ensure adherence to internal control policies and procedures plus all relevant regulations and legislation
- Implement Group-wide policies and tools concerning depository control and risk and compliance issues
- Develop, review and maintain oversight of the Compliance Program and related periodic reporting.
- Identify potential areas of regulatory or compliance vulnerability and risk, develop and implement corrective action plans for resolution of problematic issues. Provide general guidance on how to avoid or deal with similar situations in the future.
- Review the preparation of various compliance related reports including but not limited to the semi-annual Internal Control Report to the parent bank

Key Role Requirements:

- Prior FCA accreditation for CF10, CF10a and CF11 control functions
- Knowledge and/or prior experience in asset servicing/depository bank services or asset management
- Strong experience operating at a management level in a similar role
- Previous experience of implementing risk management and compliance/AML procedures in a diverse international financial services group would be desirable
- Self-motivated, able to work effectively both independently and as part of a team
- Strong attention to detail
- Ability to work well under pressure
- Flexible, willing to contribute to the growth of a start-up operation.
- Pro-active approach
- Excellent written and oral communication skills
- Strong report writing skills
- Fluent English (written and spoken)

What next?

Click APPLY (being sure to make sure the CV you submit is fully up to date) or contact Matt McLaren on 020 7786 6917 for more information.

CVs will be reviewed as they come in, with a view to arranging interviews ASAP so please don't delay!

Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003


CF10, CF10a, CF11, FCA Handbooks, CASS, compliance, operational risk


Degree in finance, business or law in addition to professional qualifications gained in compliance (ideally CISI or ICA)