Interim Head of Compliance SM16 - Retail and Digital Banking (6 month FTC)

Posted 2 days 4 hours ago by Compliance Professionals

Permanent
Not Specified
Other
London, United Kingdom
Job Description

THE COMPANY: The Client is a multi-jurisdictional financial institution offering Private Banking, Retail, and Digital banking services for Corporate & Retail Clients. The firm is looking to hire a Head of Compliance on a 6-month FTC basis.

THE RESPONSIBILITIES:

  • Oversee and manage the Compliance team in their daily activities, providing direction, support, and insight into regulatory compliance and financial crime matters.
  • Monitor, advise, and oversee Data Protection/GDPR compliance across the business.
  • Manage the regulatory policy framework, ensuring it remains appropriate to the business activities.
  • Ensure regulatory rules and permissions are mapped and documented against business activities.
  • Regularly assess the adequacy and effectiveness of compliance measures and procedures, addressing any deficiencies.
  • Advise the relevant teams on compliance with MiFID and other regulatory obligations, including BCOBs and Client Data.
  • Oversee the annual sign-off of Terms & Conditions.
  • Monitor and manage Complaint handling and Data Subject Access Requests.
  • Advise the business and executives on applicable regulations and procedures, including horizon scanning.
  • Provide periodic management information to committees, highlighting risks and emerging threats.
  • Assess regulatory risk through compliance monitoring and analysis, and seek to enhance compliance controls.
  • Develop and deliver ongoing compliance training programs for staff.
  • Assess and communicate emerging regulatory rules impacting the business.
  • Oversee policies and procedures for countering regulatory and financial crime risks.
  • Design and monitor periodic compliance reviews from a second-line perspective.
  • Conduct quality assurance and thematic reviews as needed.
  • Promote a culture of compliance within the wider business.
  • Support projects requiring Compliance expertise.

EXPERIENCE REQUIRED:

  • Retail and/or digital banking experience; ideally held SMF16 or capable of fulfilling its responsibilities.
  • Previous SMF16 holder or sufficient experience to cover an SMF16 role.
  • Knowledge of FCA Handbook and regulatory requirements for banking firms.
  • Strong knowledge of MiFID, EMIR, PSD2, GDPR.
  • Understanding of banking operations, especially in small/medium-sized institutions.
  • Ability to develop and enhance policies and frameworks.
  • Experience with second-line monitoring techniques.
  • Experience in establishing compliance structures and frameworks.

For further information, please contact Hannah Tabatabai.