Interim Head of Compliance (SMF16/17)

Director of Compliance and MLRO – Summary of Responsibilities

The Director of Compliance and MLRO ensures the Group adheres to regulatory requirements, including FCA Conduct Rules, ESMA guidelines, financial crime laws, and data protection regulations. This role supports the business while fostering a strong compliance culture across all levels.

Key Responsibilities

Compliance Oversight:

• Act as the Compliance Oversight Function (SMF16) for Group Companies, overseeing compliance strategy, implementation, and in-house controls to ensure adherence to FCA rules and related legislation.
• Develop and review compliance policies, including the Compliance Monitoring Plan, to identify and address operational risks and control weaknesses.
• Provide guidance to senior management on breaches, regulatory changes, and the development of compliant products and initiatives.

Risk and Monitoring:

• Oversee monitoring of breaches and incidents, ensuring effective resolution and preventative actions.
• Lead compliance with the Consumer Duty, Conduct Risk priorities, and contingency planning to mitigate risks from outsourced suppliers or business continuity failures.

Money Laundering Reporting Officer (SMF17):

• Ensure anti-money laundering (AML) procedures and controls align with regulatory expectations.
• Manage Suspicious Activity Reports, provide AML guidance and training, and maintain oversight of financial crime risks, including fraud and bribery.

Leadership and Management:

• Lead and develop the compliance team, addressing recruitment, investigations, and grievances.
• Engage with the Board, senior management, and external parties (e.g., FCA, auditors) to maintain effective communication and compliance alignment.

Regulatory and Industry Engagement:

• Maintain up-to-date knowledge of regulatory changes and industry trends, advising the business on necessary adaptations.
• Ensure adherence to data protection requirements in collaboration with in-house legal counsel.

Additional Duties:

• Oversee insurance renewals, manage client complaints, and lead the relationship with appointed representatives.

This role combines strategic leadership with hands-on compliance oversight, ensuring the Group operates within regulatory frameworks while maintaining operational excellence and a strong compliance culture.