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Head of Compliance & MLRO (SMF16 & SMF17)
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Role Overview
We are seeking an experienced compliance professional to join our FCA-authorised investment firm as Head of Compliance & MLRO (SMF16 & SMF17). The successful candidate will hold, or be eligible for approval to hold, the FCA Senior Management Functions SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer). This is a hands-on role responsible for overseeing the firm's compliance and financial crime framework, providing regulatory advice to senior management, and ensuring the business continues to meet its regulatory obligations.
Key Responsibilities
- Oversee and maintain the firm's compliance framework in accordance with FCA rules and applicable legislation.
- Monitor regulatory developments and assess their impact on the business.
- Develop and deliver the annual Compliance Monitoring Plan and ensure timely remediation of identified issues.
- Provide practical regulatory advice to senior management on products, business initiatives and regulatory obligations.
- Act as the firm's primary contact with the FCA on compliance matters and support regulatory enquiries and supervisory reviews.
- Fulfil the responsibilities of the SMF17 MLRO, including oversight of the firm's anti-money laundering, counter-terrorist financing and sanctions framework.
- Review internal suspicious activity reports and, where appropriate, submit Suspicious Activity Reports (SARs) to the Crime Agency.
- Oversee customer due diligence (CDD), enhanced due diligence (EDD), ongoing monitoring and financial crime controls.
- Review financial promotions, website content and marketing communications to ensure compliance with FCA requirements.
- Prepare regular Compliance and MLRO reports for the Board.
- Maintain and update compliance policies, procedures and regulatory registers.
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Skills & Experience
The successful candidate will have:
- Previous experience within an FCA-regulated investment firm.
- Experience in CFDs, FX, spread betting or other leveraged trading products.
- Approval as, or the ability to obtain approval for, the FCA Senior Management Functions SMF16 and SMF17.
- Strong working knowledge of the FCA Handbook, MiFID II, UK MIFID, Consumer Duty, UK Money Laundering Regulations and SM&CR.
- Experience managing FCA supervisory interactions and regulatory reporting.
- Strong analytical, organizational and communication skills.
- A pragmatic and risk-based approach to compliance.
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Preferred Qualifications
- ICA Diploma in Compliance or Anti-Money Laundering (or equivalent).
- CAMS, CISI or other relevant professional qualification.
- Degree or equivalent professional experience.
What We Offer
- Opportunity to perform a key Senior Management Function within a growing FCA authorized investment firm.
- A collaborative and professional working environment.
- Direct exposure to senior management and strategic decision-making.
- Competitive salary and benefits package.
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