Vacancy Information

Reference ID	200684
Job title	Head of Compliance	Number Required	1
Firm	Search and Select Recruitment Agency	Hours	Full Time
Address	1 Upper Church St	Duration	Permanent
Contact	Search and Select Recruitment Agency	Salary	To be advised
Tel No		End Date	17 June 2024
Number Required	1
Hours	Full Time
Duration	Permanent
Salary	To be advised
End Date	17 June 2024
Notes	Our client seeks a Head of Compliance to join their team. Main Responsibilities Supervise the MLRO in the following functions, and deputise in the absence of the MLRO: - MLRO to be responsible for the day-to-day management and control of Suspicious Activity Reporting and Disclosures made to the FIU and for the maintenance of the SAR register and MLRO records relating to such reports; MLRO to receive SARs from staff, acknowledge and evaluate to ensure that the information is considered and determined in a timely manner and in accordance with the Handbook; To externalise (where appropriate) SARs to the FIU within required timescales or report to the Board Compliance and Risk Director with reason for non-delivery; To ensure that the relationships are reviewed post-reporting and ensure all are reminded to avoid tipping off any third parties. Follow up reviews of cases to close and archive; To develop and maintain effective controls, including PPCs and any relevant schedules or registers, in respect of reporting including guidance on the laws and typologies / trends; Board reporting. Supervise the MLCO in the following functions, and deputise in the absence of the MLCO: -To undertake regular reviews (including testing) of the effectiveness of PPCs to counter money laundering and the financing of terrorism and of compliance therewith. To assist the Board to ensure that all business which the business operates is conducted in strict compliance with all money laundering laws orders, and regulations in force and the business' own policies and procedures in this area, reporting any deficiencies and recommending changes. To act as liaison point and respond promptly to requests for information made by the GFSC, FIU and Chief Minister's Department. To report periodically, as appropriate to the Board on compliance with the business systems and controls. To keep abreast of all new legal & regulatory developments in respect of anti-money laundering and terrorist financing, and sanctions matters, and report matters of significance to the Board. To ensure that recommendations are provided, where required, to the Board in relation to the enhancement of the business' AML/CTF/CPF policies, procedures, systems and controls. Compliance Officer. To implement and supervise a Board approved risk-based CMP to ensure compliance with all laws, Codes, orders and regulations in force and the business' own policies and procedures and produce appropriate reports to the Board. To review and/or have oversight of new business to ensure CDD is in compliance with AML legislation and policies. To oversee and maintain statutory & regulatory registers for presentation to the Risk Committee and/or relevant Board meetings. To develop and maintain effective systems and controls, including PPCs and any relevant schedules or registers, for countering money laundering and the financing of terrorism, and mitigate any sanctions risks which may arise. To keep abreast of all new legal & regulatory developments (particularly in respect of anti-money laundering and terrorist financing) and report matters of relevance to the Board and suggest, where necessary, changes to PPCs. To provide reports to the Board and any committee meetings as required. To assist in the preparation for... If you have the required skills please apply online at searchandselect.com quoting reference number: 14702

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