Group MLRO/Head of central AML and ABC recruitment
An urgent and exciting opportunity has arisen for a Group MLRO/Head of central AML and ABC to work for a top tier retail bank.
You will be responsible leading the Anti Money Laundering (AML) function and the Anti Bribery Corruption (ABC) function within the bank, developing strategy, policy, monitoring operational capability and addressing weaknesses in conjunction with the business through corrective action, seeking to improve appropriate frameworks, practices and policies across the bank.
Responsibilities include:
- Developing and implementing the bank's strategy on AML and ABC delivering an effective framework for each Division, includingJerseyand IOM, which meets the Regulators' requirements and sets appropriate performance measures and objectives.
- To ensure ongoing compliance with new and existing legislation, regulation and industry guidance, so the bank in theUKkeeps abreast of the changing AML and ABC environment including an assessment of industry risks identifying Group synergies on key regulatory controls where appropriate.
- To direct and supervise a central AML unit and ABC unit comprising some 55 staff incorporating the Suspicious Activities Reports and Court Order units. In addition supervise and ensure support for a team of divisional and business Money Laundering Reporting Officers.
- To propose, manage and implement relevant change activity including approving the implementation and monitoring of IT standards and risk strategies in order to mitigate regulatory and reputational risk to the bank.
- To deliver all statutory reporting and reports to the Board and Exco, to ensure that the Group meets its regulatory and legal requirements, identifying significant risks to Exco for resolutions as required.
- To develop, maintain and manage external relationships with Regulators and other relevant authorities to ensure that the bank has a positive profile and is well regarded by the authorities and within the industry in relation to AML and ABC
- To develop relationships with Executive Managers and Directors to deliver compliant, operationally efficient and cost effective solutions on AML and ABC and to resolve major issues when required. Work effectively with the AML unit at the bank's HQ.
- To manage, motivate and develop direct reports and provides leadership for the wider AML and ABC community and operational areas to ensure effective team working, sustained high quality output and cost effectiveness.
Skills and Experience:
- Good financial services / business knowledge within the Financial Services or associated industries or government bodies is desirable.
- Comprehensive and detailed knowledge of relevant UK, EU, US and global law and regulation as it relates to AML, Sanctions and ABC is advantageous.
- An ability to encourage development opportunities for members of his/her team both inside and outside their area of work is beneficial.
To apply for this role you will need to possess the relevant experiences listed above.
This is a fantastic opportunity to work for a leading retail bank.
To apply for the role you must be eligible to work in theUK.
Please contact: ycush@morganmckinley.co.uk or call: 02070920206.