Part-time Head of Compliance & MLRO

A Head of Compliance & MLRO (SMF16 and SMF17) is required by an exciting new digital bank to guide them through the EMI licensing process and build out and manage their Compliance and Financial Crime operations. The client will consider someone working 3 days a week.

You responsibilities will include:

• Designing and implementing appropriate Risk, Compliance and Financial Crime Compliance frameworks across the business
• Guiding the business through the EMI licensing process
• Acting as the focal point of contact with EMI compliance to resolve and oversee all regulatory matters
• Operating as the main point of contact with the FCA and other external agencies
• Being involved in raising compliance awareness across the business and conducting compliance training
• Conducting compliance monitoring and undertaking thematic reviews to ensure the company is compliant with rules & regulations
• Analysing the impact of new regulations on the company
• Drafting Financial Crime policies internally which mirror and take into consideration 3rd party tools
• Assisting the neobank to ensure it remains compliant when identifying instances of Financial Crime, Fraud, Conflict of Interest etc.
• Oversee the Transaction Monitoring and Payment Screening platform to see if it generates any alerts or triggers
• Complete SAR’s, DAML to NCA and start investigations if necessary.
• Assist with Audit & Assurance
• Provide Compliance and Financial Crime Training to employees
• Assist with KYC/CDD/KYB and on-boarding of Clients (both retail and commercial)
• Overseeing the automated monitoring systems and review all hits thrown (to be validated)
• Review of all procedures and policies to be compliant with GDPR
• Assisting in ensuring Data Protection & GDPR policies and procedures are adhered to.

To be considered for this excellent opportunity you will

• Be an experienced senior Compliance professional and MLRO
• Possess very strong technical knowledge
• Have previous FinTech and/or Banking experience
• Have a proven track record of successful stakeholder management, both internally (with executive team) and externally (with the FCA, Financial Ombudsman etc.)
• Be happy operating in a hands-on capacity
• Any previous experience of guiding a business through the EMI license process would be advantageous


Salary:To £100k pro rata


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