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Money Laundering Reporting Officer (MLRO)
This is a great opportunity to join a growing Bank and make a significant impact in the field of financial crime risk management. If you are an experienced MLRO, looking for a new challenge, where you can make a significant impact in a dynamic and forward-thinking organization, we would love to hear from you.
Responsibilities:
- Serve as the Subject Matter Expert for Financial Crime programs
- Develop and maintain financial crime policies and procedures
- Implement the second line financial crime control framework and conduct investigations
- Oversee suspicious activity investigations and produce professional reports
- Liaise with the Financial Conduct Authority (FCA) as MLRO
- Provide guidance and advice on financial crime matters to all departments
- Deliver financial crime awareness training
- Evaluate, monitor High-Risk customers and PEPs
- Develop and execute a comprehensive risk-based financial crime monitoring plan
- Update the Financial Crime Business Wide Risk Assessment and Customer Risk Assessment
- Review and submit SARs to the National Crime Agency
- Maintain accurate records and submit the annual FCA financial crime submission
- Stay updated on relevant rules and legislation, providing early warnings and action plans
SKILLS AND EXPERIENCE:
- Good understanding of JMLSG and Regulatory KYC requirements
- At least7 years of relevant work experience / Financial Crime experience (Current MLRO(SMF17) preferred)
- Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in thebanking industry.
- Ability to escalate risks promptly and appropriately and/or failure of standards to be met, to management
- Ability to analyse reports, identify failings and notify same together with recommendations for remediation
- Relevant AML experience, preferably in an international bank.
- Experience with AML/KYC/Due Diligence processes and systems
- Experience with AML monitoring and screening
- A recognized AML/Compliance qualification is desirable but not essential
- Other relevant professional qualifications from an internationally recognised body (e.g., ICA, ACAMS) are advantageous;
- Knowledge of the UK and EU regulatory environment and key financial crime regimes, and emerging trends. Any specialism in EU, UK or US sanctions regimes is a plus.
- Law degree / LPC preferred
- Team player adaptable to a fast-paced and changing environment
