City based International Bank, are looking to recruit a Deputy MLRO/Compliance Officer, to report into the Head of Compliance who holds both controlled functions (SMF16/17)

Main responsibilities of the Deputy MLRO will include;

• Identifying regulatory changes and assessing whether these are relevant to the Bank.
• Carrying out compliance monitoring programme and Preparation of Summary of Regulatory Developments
• Follow up on action points emanating from Compliance Monitoring Reviews
• Perform quarterly Thematic reviews
• Reporting on a regular basis on compliance matters, identified breaches and corrective action taken to Head of Compliance.
• Horizon Scanning and mapping of regulations with relevant business and operations;
• Assisting in the completion and submission of regulatory returns in accordance with the specified timescale
• Performing regular testing to ensure full compliance to KYC policy, which would include all type of customers and counterparties.
• Review and advising the bank of Financial Sanction notices by HM treasury as and when received
• Risk Review and sign off of all High-Risk account opening files and providing observations to MLRO and Branch Head
• 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.
• Review of customers' transaction/ turnover parameters
• Daily review of transaction alerts, coordination with branch for follow up, closure of alerts
• Providing Compliance/ Regulatory advice to branch team
• Reviewing alerts generated by SWIFT system
• Review and update of manual / policy/ procedures of the bank in relation to Compliance Manual, Anti Bribery, Anti-Fraud, TCF, Conduct Risk
• In the absence of Head of Compliance, act on behalf and represent Head of Compliance in various Management committees
• Provide advice to the business and other business functions in in relation to AML matters.

To be considered for this position, ideal candidates must have the following experience & skills;

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