Job Overview
The Compliance Manager and MLRO will be responsible for all regulatory return, including but not limited to FCA, BoE, HMRC and FATCA & CRS for the Chang Hwa Bank. Moreover, he/she will put in place and operating anti money laundering controls and procedures, and carry out money laundering risk assessments. The candidate will have the ability to communicate with law enforcement and make reports as well as a keen eye for detail.
Responsibilities:
· Establish, implement and maintain adequate policies and policies and procedures designed to detect any risk of failure by the bank to comply with its obligations under the regulatory system and for countering the risk that the bank might be used to further financial crime.
· Advise and assist relevant persons responsible for carrying out regulated activities to comply with the bank's obligations under the regulatory system.
· Ensures adequate training and guidance is undertaken by staff on all aspects of compliance-related and anti-money laundering matters.
· Access and overseeing the firm's compliance with the regulator's rules on systems and controls that prevent the firm being used for money laundering and terrorist financing purposes.
· Receiving reports of suspicious activity from any staff in the business.
· Considering all reports and evaluating whether there is - or seems to be - any evidence of money laundering or terrorist financing.
· Reporting any suspicious activity or transaction to the National Crime Agency (NCA) by completing and submitting a Suspicious Activity Report and provide additional information to NCA when required.
· Requesting the NCA for consent to continue with any transactions that they’ve reported, and making sure that no transactions are continued illegally.
· Training staff in preventing money laundering and following regulation.
Qualifications:
More than 3 years’ experience across financial markets regulatory obligations
Excellent relationship and communications skills, with ability to help drive regulatory compliant and commercially viable solutions.
Ability to update fit-for-purpose compliance policies, procedures, and controls, perform targeted compliance testing, and manage regulatory filings.
Eligible to work in the UK.
Good communication in English, and Chinese will be a plus.
Self-motivated; team player; good communication skills; circumspection; ability to work independently; dependable; flexible.
Have to work in the office (No chance to WFH).
About our bank:
Staff: 15
Our Head Office, Chang Hwa Commercial Bank was founded in 1905, established over 120 years. And London Branch was established in March 1993, focusing on wholesale business, i.e. corporate loans & bond investment. We do not provide Internet Banking service, and we are indirect participant for Fast payment system and BACS system. Almost existing customers have long term relationship, only few new customers in recent three years.
For Retail:
We provide deposit/remittance service to retail customers, and there is no mortgage, no any other products related to retail customers.
For Corporate Loan:
1. Syndication or SSD: Now we have less than 80 customers. We participate syndication primary market or secondary market arranged by other banks.
2. Bilateral Loan: We provide corporate loans to UK company whose parent company is in Taiwan.
For Trade Finance:
We only provide L/C issuing and export negotiation.
Pay: £5,000.00-£8,000.00 per month
Work Location: In person
