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- Tasks: Lead anti-financial crime efforts and ensure compliance with regulations.
- Company: Join a dynamic payments and currency exchange firm in London.
- Benefits: Enjoy flexible working with one day in the office each week.
- Why this job: Make a real impact in financial crime prevention while working with senior management.
- Qualifications: 8+ years in AML Compliance and 3+ years as an MLRO required.
- Other info: This role does not offer sponsorship; UK candidates only.
The predicted salary is between 60000 - 84000 £ per year.
THE COMPANY: We are working with a payments and currency exchange firm in their search for an MLRO to join the firm. The client is based in the Vauxhall & Kennington area of London, with 1 day a week in the office.
THE RESPONSIBILITIES:
- Act as the MLRO and Nominated Officer: Receive internal Suspicious Activity Reports (SARs); Review, assess, and investigate SARs; Report SARs to the National Crime Agency (NCA) if required; Provide regular Management Information (MI) updates to the Board of Directors.
- Ensure appropriate policies, systems, and control processes are developed, implemented, and maintained to address anti-money laundering (AML), counter-terrorist financing (CTF), anti-fraud, anti-bribery, and other anti-financial crime (AFC) obligations across the group.
- Provide ongoing support to MLROs across the wider group of affiliated entities.
- Advise the business on AML compliance matters and the prevention of financial crime.
- Engage actively in regulatory discussions both within the Compliance Team and with members of the Board and Senior Management Team.
- Support and coordinate senior management's efforts to manage money laundering and terrorist financing risks within individual business areas.
- Offer expert advice on financial crime risks, regulatory risks, reputational risks, and related compliance matters.
- Champion compliance excellence throughout the organisation.
- Report on all operational AFC activities and respond promptly to reasonable requests for information from the FCA or other law enforcement agencies.
- Ensure the business monitors and appropriately responds to findings from regulatory bodies regarding money laundering prevention (e.g., audit reports, new or updated regulations and guidance, Dear CEO Letters, compliance events, and industry updates).
- Establish or enhance written guidelines and AML training programmes for employees.
- Provide oversight of compliance-related projects and third-party reliance on customer AML procedures.
- Conduct regular visits to other offices and client sites as part of the AFC oversight function.
- Monitor the day-to-day operation and effectiveness of AFC policies and procedures.
EXPERIENCE REQUIRED:
- Minimum 8+ years in AML Compliance (second line) within the UK.
- 3+ years experience as an MLRO within an authorised EMI.
- 5+ years experience in fintech/ money transfer/ EMRs/ PSRs firms.
- Experience of undertaking management meetings and engaging in constructive discussions with the senior leadership team.
- This role does not offer sponsorship – candidates outside of the UK will not be contacted or considered.
- Purely 1st LOD and KYC candidates will not be considered.
For further information, please contact Jordan White.
MLRO employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MLRO
✨Tip Number 1
Network with professionals in the fintech and payments industry. Attend relevant conferences, webinars, or local meetups to connect with others who may have insights into the MLRO role and the company culture.
✨Tip Number 2
Stay updated on the latest AML regulations and compliance trends. Being knowledgeable about current issues will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to handle SARs and engage with senior management. Highlighting your problem-solving skills in real scenarios can set you apart.
✨Tip Number 4
Research the company’s values and recent developments. Tailoring your conversation to align with their mission and demonstrating how your expertise can contribute to their goals will make a strong impression.
We think you need these skills to ace MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in AML compliance and your specific roles as an MLRO. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about the role and how your background aligns with the responsibilities outlined. Mention your experience in fintech and your ability to engage with senior management.
Showcase Relevant Achievements: Include specific examples of your past achievements in AML compliance, such as successful investigations or improvements in compliance processes. Quantify your impact where possible to make your application stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Compliance Professionals
✨Know Your AML Regulations
Make sure you have a solid understanding of the latest anti-money laundering regulations and compliance requirements. Be prepared to discuss how these regulations impact the role of an MLRO and how you would implement them within the company.
✨Demonstrate Leadership Skills
As an MLRO, you'll need to engage with senior management and lead compliance initiatives. Prepare examples from your past experience where you've successfully led teams or projects, particularly in high-pressure situations.
✨Showcase Your Analytical Skills
Be ready to discuss your approach to reviewing and assessing Suspicious Activity Reports (SARs). Highlight any specific methodologies or tools you use to investigate potential financial crimes and how you ensure thoroughness in your assessments.
✨Prepare for Regulatory Discussions
Since engaging in regulatory discussions is a key part of the role, think about your experiences with regulatory bodies. Be prepared to share how you've navigated these discussions and any challenges you've faced, along with how you overcame them.
