Head of Compliance & Financial Crime

To take senior accountability for regulatory and technical compliance assurance and money laundering/financial crime, as well as engaging effectively at Executive Level (both internally and externally) on behalf of the Chief Risk Officer.

To lead the provision of a full compliance and financial crime service to HCLIBS and its clients that ensures and provides assurance of full compliance with FCA regulations and to instil a compliant culture amongst HCLIBS employees.

Ensure senior level client compliance and financial crime relationships are appropriately managed on behalf of the Chief Risk & Compliance Officer.

Key tasks & responsibilities

• Produce and present compliance and financial crime focused papers for the Chief Risk & Compliance Officer to present to the RMAC and other internal committees as required.
• Act as alternative for the Chief Risk & Compliance Officer at formal committees and to deputise in his absence as and when required.
• Oversee the provision of a proactive compliance and financial crime service to clients ensuring that HCL IBS’s compliance activity meets the requirements of each client contract.
• Maintain and develop client relationships, especially senior compliance and financial crime management for each client and executive level roles at each client.
• Oversee routine compliance technical and advisory activity, including the following:
• the production of Compliance Bulletins and regulatory change requests.
• the provision of advice on the FCA’s conduct of business sourcebook; in particular on product disclosure, both internally and to clients.
• the approval of life and pensions procedures to ensure that these are compliant with FCA rule changes and that good business practice is being followed.
• Liaise with the FCA/ABI to seek clarification/interpretation of regulations and legislation.
• Lead regular desk based monitoring of business MI and review/challenge the results of regular compliance control self assessment results from the business.
• Identify requirements for, and direct delivery, of ad hoc projects at the direction of the Chief Risk & Compliance Officer.
• Working with our L&D team, ensure the content and scope of regulatory training rolled out across HCL IBS is fit for purpose.
• As Deputy Financial Crime Officer, provide proactive advice, support and training within the business to both prevent and monitor incidents of Financial Crime.
• Provide central advisory service on anti-money laundering ensuring that procedures remain up to date with FCA rules and the Joint Money Laundering Steering Group guidance notes.
• Attend client assurance and governance meetings as Chief Risk & Compliance Officer representative.
• Develop and maintain Compliance and Financial MI so that base data supports both internal and client needs and enables team to work efficiently and effectively.
• Manage the efficient allocation of work and resources within the team.
• Deliver on HCL IBS’s performance management framework in the context of the Oversight, Advisory Technical and Financial Crime Teams.
• Constantly review the practices and role of the Compliance and Financial Crime team and seek continuous improvement and development of the team.
• Support the Chief Risk & Compliance Officer in the execution of his responsibilities as a Board Policy owner and FCA Approved Person.

Skills

• Understanding of the FCA rules on conduct of business, market conduct, approved persons, training and competence and working knowledge of FCA prudential requirements.
• Excellent knowledge and understanding of financial crime and money laundering requirements for a UK regulated financial services company
• Good knowledge of industry best practice in compliance, Excellent Customer Focus and Relationship Management skills.

Good presentation skills.