Senior Financial & Compliance Manager

Our client, a mid sized European Bank, is currently searching for a Senior Financial & Compliance Manager to join their function - effectively this will be a number 2 to the Head of Compliance & MLRO.  Details as follows:-


Job Purpose

The Senior Compliance Manager will be responsible for working closely with the Head of Compliance & MLRO in all matters relevant to the Compliance Function of the Bank UK, including regulatory advice, delivery of the annual Compliance and Financial Crime Monitoring Plans, risk assessments, AML and compliance monitoring reviews or investigations, 2nd line oversight, compliance reporting, regulatory reporting, review of policies and procedures, AML and compliance training and Financial Promotions.


Job Description

The position will work closely with the Head of Compliance and MLRO to provide an expert advisory and monitoring service to the bank to ensure compliance with relevant rules, regulations and codes of conduct regarding compliance and financial crime issues. In particular, a good level of knowledge and understanding of Money Laundering regulation and the UK Regulated Banking environment is required, including COBS, MCOBS, BCOBS, SYSC, DISP, Conduct Risk, and SMCR.


The role of the Senior Compliance Manager

  • Deputise for the Head of Compliance and MLRO, when required.
  • Assist in the design, implementation and maintenance of annual monitoring programmes for the Compliance and Financial Crime Functions.
  • Monitor and report on the business’ compliance with prevailing regulation and legislation through monthly monitoring and business reviews.
  • Carry out annual reviews of AML, International Sanctions, and Fraud policies.
  • Conduct annual policy reviews of Compliance owned Policies ensuring they reflect the latest regulatory requirements.
  • Provide advice to the business with regard to Compliance and Financial Crime to ensure internal processes and procedures are updated to reflect changes in regulation and business activities.
  • Ensure procedures, systems and controls are up-to-date, are effective and comply with the relevant regulations.
  • Monitor and manage regulatory and industry change and evaluate the impact of such changes on the Bank’s business. 
  • Develop KPI’s and other relevant MI to ensure that senior management are appropriately advised to enable informed decision making.
  • Assist with drafting reports to senior management and Board committees.
  • Ensure regulatory reporting is accurate and timely.
  • When required, support compliance related projects ensuring these are delivered on time and to specification and the impact of rules and regulations are know to all stakeholders.
  • Contribute to the Compliance team responsibilities for the development of New Products or changes to existing products.
  • Assist with remediation projects regarding KYC, and other AML related issues.
  • Review the adequacy of Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), sources of funds, client information, client profiling and suitability, during the account opening process.
  • Assist with AML/TF/Sanctions report, risk assessment, maintenance of PEP Register and the reporting of SARs.
  • Assist with the review and sign-off of Financial Promotions.
  • Devise and deliver Compliance and AML training to 1st line teams as required.
  • Maintain appropriate knowledge to ensure to be fully qualified to undertake the role, and complete all mandatory training as required to attain and maintain competence.
  • The list of duties in the job description should not be regarded as exclusive or exhaustive.



Bachelor’s degree or equivalent preferred.

Minimum 4 years’ experience in Money Laundering and Banking

Experience of working in a customer-focussed environment

Experience of successful team working.

Relevant recognised Financial Crime qualifications desirable.



  • Very good knowledge of UK FCA/PRA regulatory obligations and UK AML and Terrorist Finance regulatory framework.
  • A good understanding of the bank’s products, services and processes and of the customer relationship.
  • Comfortable working autonomously and taking the initiative when needed with little supervision.
  • Capacity to analyse and summarise reports and information where required.
  • Computer literate.
  • Ability to work to tight deadlines.
  • Good strategic thinking and a proactive approach.
  • Team player
  • A responsible, enthusiastic, self-motivated and flexible approach to work.
  • Numerate.
  • Excellent interpersonal and communication skills, both written and oral.
  • A flexible attitude to the team’s work, including a willingness to reprioritise and undertake any of the tasks at short notice.
  • Act with integrity, at all times, and embrace the philosophy of treating customers fairly.



To be able to demonstrate a commitment to the principles of The Bank’s Equal Opportunities and be able to carry out duties in accordance with this policy.



Treating Customers Fairly (TCF):  All staff must be aware and understand the FSA’s requirements regarding Treating Customers Fairly (TCF) incorporated in the Bank’s Policy and remain committed to ensuring the 6 outcomes are achieved.


Fraud Prevention:  All management and staff must be alert to the possibility of fraud, ensuring that no action is

undertaken on behalf of the Bank or a customer without a clear understanding of the purpose and background to the transaction.


Providing Excellent Customer Service:  Exceed the expectations of internal and external customers through the quality of customer services, meeting their needs and demonstrating the added value of the service provided.


Attention to Detail:  Ensure that information is correctly processed and that work complies with relevant internal/external rules, procedures and regulatory requirements.


Team Working:  Work co-operatively with others; openly exchanging information where appropriate and supporting colleagues to achieve business goals.


Training and Competence:  Keep up to date with relevant developments in marketing and Anti- Money Laundering and Countering Terrorist Financing matters by taking annual AML, Banking Code, TCF tests.


Self Motivation:  Carry out every task set to the best of your ability, looking for ways to improve performance and standards, setting personal goals at or beyond business expectations.


Influencing:  Focuses on the requirements of the customer, demonstrating the relevance and benefits of a particular service in a way in which the customer will understand.


Making good decisions:  Selects the best course of action based on the available information and accepts personal responsibility for the outcome.


Bringing innovation to problem solving:  Continuously improves the business by generating new and practical ways of doing things in order to solve problems and gain competitive advantage.


Making change work:  Help the business to introduce changes to structures, processes, products and services effectively and efficiently by focusing effort and commitment on making the change work.


Our client is an equal opportunities employer, and ensures that no applicant is subject to less favourable treatment on the grounds of gender, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, responsibilities for dependants, physical or mental disability. Candidates are selected for interview based on their skills, qualifications and experience.


Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.


For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:        +44 (0)7711 267500




Print | Sitemap
© Wintermann Search