Deputy Money Laundering Reporting Officer

Job Title: Deputy Money Laundering Reporting OfficerLocation: London (hybrid working, 3 days in office)Role Overview:The role will have a focus to assist the MLRO with the development, maintenance, training and continuous ongoing improvement of the financial crime risk management and oversight framework, monitoring and oversight of AML, sanctions and other financial crime risks, including ABC, Facilitation of Tax Evasion and Fraud.Key Responsibilities:The DMLRO will support the MLRO, and act as the primary point of contact on day-to-day business activities in ensuring that AACB LB and AACL operate in accordance with all legal and regulatory requirements related to all elements of financial crime compliance (e.g. Anti-Money Laundering, Counter Terrorist Financing, Anti-Bribery and Corruption, Counter Sanctions Risk, Counter Fraud, Counter Market Abuse and Anti-Tax Evasion). To assist the MLRO with the development, maintenance, training and continuous ongoing improvement of the financial crime risk management and oversight framework, monitoring and oversight of AML, sanctions and other financial crime risks, including ABC, Facilitation of Tax Evasion and Fraud.Advisory:

• Assist the MLRO with providing the business and support functions with a proactive, expert and effective financial crime advisory service

Monitoring / Oversight:

• Assist the MLRO to develop and implement a robust monitoring and testing framework as well as manging relationships at Head Office in respect of outsourced activities
• As directed by the MLRO, oversee work completed by other Clearing Financial Crime Compliance team members to ensure the quality is sufficient and internal policies, procedures and processes are followed

Policies and Procedures:

• Assist the MLRO in developing and maintaining adequate 2nd line policies and procedures sufficient to achieve compliance with AACB LB and AACL's obligations under relevant regulations and reviewing and advising on first line procedures for countering the risk that the business line might be used to further financial crime

Risk Identification and Assessment:

• Assist the MLRO to develop and implement a robust risk assessment framework to manage the financial crime risk to which AACB LB and AACL are exposed, including input to the Strategic Integrity Risk Assessment ('SIRA') and advise on any local regulatory risk assessment requirements
• On a systematic basis, and in line with the monitoring plan devised by the MLRO in conjunction with the Senior Risk Management & Monitoring Officer, identify and assess financial crime risks. Keep abreast with current EU, FCA, DNB, ECB and AFM AML / Financial Crime regulations and provide advice on relevance and implementation within AACB
• Undertake ad hoc client file (NCTO & PR) reviews and event-driven reviews as required to provide expert opinion on risks associated with Client relationships or to support resourcing levels within the team, particularly during holiday periods

Reporting:

• Produce robust periodic Dashboard and MI reporting to assist the MLRO report on the key MI metrics and reports relating to financial crime matters to enable senior management to demonstrate an awareness and oversight of the of the key financial crime risks within the business and the operational effectiveness of the Financial Crime Risk Management Framework
• Assist MLRO with the drafting of the annual MLRO report and submission of relevant financial crime related regulatory reports

Collaboration and Communication:

• Communicating with and influencing senior management in both first and second lines, especially UK Clearing Enterprise Risk Committee, the Clearing Financial Crime Committee and other relevant governance forums, on both matters arising and strategic decisions which have regulatory relevance
• Communicating with compliance colleagues in both the UK and other offices, to harmonise best practices and promote a uniform approach on financial crime compliance advisory, training, policy and monitoring matters
• Communicating with industry peers to identify latest themes and issues and best market practices
• Cooperation with the UK Bank Financial Crime Compliance team.

Requirements & Skills:

• 8 years+ AML, Sanctions and wider financial crime experience, preferably with some additional knowledge of ABC, Facilitation of Tax Evasion and Fraud
• Professional qualifications, such as the CISI Diploma, or equivalent. Any specific professional qualifications in relation to AML / financial crime would be useful
• Ability to undertake AML, Sanctions & wider financial crime assessments, to opine on risks and produce written recommendations to the MLRO and the business
• Ability to resolve conflict and deal with confrontation through tact and skill
• Act as an escalation point for other members of the team
• Ability to work independently, but a strong team player
• Assertive, analytical, accurate and tenacious
• Display initiative in identifying and presenting solutions to support activities and plans
• Forward looking and focused on planning, effective processes and increasing efficiency
• Practical and pro-active approach
• Self-motivated and well organised
• A good understanding of relevant existing, and emerging regulatory requirements in relation to financial crime and the ability to interpret and apply to the AACB business
• Excellent written and verbal communication skills
• High level of IT literacy
• Attention to detail

We are committed to offering an inclusive recruitment experience. If you require accommodations because of disability or health condition, please email: gscemeaedi @ robertwalters.com. This position is being sourced through our Outsourcing service line.