Head of Compliance MLRO

Our client is an investment led Multi Family Office start-up company founded in 2022 with a focus on the Far Eastern region. They provide bespoke holistic and independent family financial advice around wealth structuring investment management and corporate finance. They’re now looking for an experienced compliance professional to join as the Head of Compliance. This is a fantastic opportunity for someone who’s been SMF16/17, or someone with ample experience working with an SMF16/17 and ready to step up.

Title: Head of Compliance, MLRO

Location: Central London (Hybrid 3 days onsite 2 days remote 9am -5pm)

Salary: £60,000 – £70,000 + company performance-based bonus

Languages: Fluent English is essential, fluent Mandarin is a plus but not required

Contract type: Full time, permanent

About the Role: This position will require the individual to be an FCA approved person to perform SMF 16 (Compliance Oversight) and SMF 17 (MLRO) functions.

Key Responsibilities

SMF16

• Responsible for the overseeing and management of the firm’s Compliance and Governance frameworks, covering all aspects of fully functioning compliance function, including fund promotion and distribution, regulatory aspects and monitoring
• Work with operational areas to develop proportionate risk-based policies and procedures designed to minimise the risk of breaches of legal and regulatory requirements
• Regulatory monitoring and management, including emerging risks, potential areas of non-compliance, and providing advice on appropriate mitigating actions
• Responsible for the implementation of any requirements of FCA rules and regulations associated to the UK business
• Stay up-to-date with relevant regulatory developments and ensure compliance with SM16/17 obligations

SMF17

• Assessing and approving of client onboarding
• Reporting any suspicious activity or transaction
• Overseeing and ensure the implementation of up-to-date AML/CTF policies and procedures
• Responding to requests for information from the FCA and other regulators and law enforcement agencies, or clients relating to a regulator or law enforcement agency request
• Conducting an annual money laundering risk assessment in relation to the company’s business
• Report on at least an annual basis to the firm’s governing body on the operation and effectiveness of the firm’s anti-money laundering systems and controls

Requirements

• Previous experience in Compliance and Risk functions within Financial Institutions
• Previous experience in private wealth industry in the UK/Asia with cross border experience working with emerging market clients
• Experience in Alternative Investment Asset Classes and Fund operations
• Experience with oversight of distribution compliance and governance, including accessing and suitability of investors at both professional and below professional level
• Advance stakeholder management experience, including experience of dealing with regulators and other external bodies
• Detailed knowledge of FCA regulations, particularly SM16/17 requirements
• Mandarin is a plus but not required