Senior Compliance Officer and Deputy MLRO

Key info:

• Permanent role paying 85-95k
• Lending/retail banking experience essential
• Deputy MLRO and member of Risk Committee
• Provide an effective 2nd line compliance, financial crime and data protection framework, plan, and maintain relations with 3rd line assurance.
• Own, develop and review all company policies (except credit), ensuring all employees are educated on the latest regulation, process, and good practice.
• Material focus on protecting the business from Financial Crime

General Compliance

• Own, maintain, develop and review compliance policies, advising management on possible risks
• Maintain the compliance monitoring calendar
• Advise management on the company’s compliance with regulation through regular reporting
• Develop and implement audit calendar with is approved by Risk Committee for internal and external oversight
• Engage with 3rd party auditors and manage audit process and findings
• Create and manage action plans in response to audit findings and outcomes
• Conduct Internal reviews against the firm’s own policies e.g. third party introducers
• Complete all required regulatory returns and CIFAS returns/attendance at CIFAS meetings

Financial Crime

• Responsible for implementing and maintaining all Financial Crimes policies and procedures
• Carry out a second line role
• Maintain the firm’s financial crime risk assessment tool
• Produce relevant management information regarding Financial Crime and draft the annual MLRO report
• Investigate Suspicious Activity Reports and report the relevant law enforcement body if required
• Maintain knowledge on financial crime legislation and good practice (including attending external training and CIFAS Mortgage Sector Working Party Group)
• Keep the firm’s Board and Risk Committee up to date on any upcoming changes which would impact the firm
• Provide ongoing training to firm on financial crime

Data Protection and Security

• Responsible for ensuring Data Protection and Security Policies are in place and maintained
• Responsible for maintaining appropriate registers such as Register of Processing Activities
• Manage borrowers’ rights under data protection legislation e.g. Data Subject Access Requests
• Data Security management – Review proposed changes and new IT software from a data protection and security perspective
• Liaising with IT to conduct Phishing Exercises and similar

Required skills/experience:

• Minimum 3 years proven experience in compliance role at a mortgage lender
• Strong knowledge of PRA & FCA regulation of mortgage industry including CBTL
• Able to work with minimum supervision
• Strong attention to detail and analytical skills
• Able to hold their own with senior colleagues