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- Tasks: Lead our anti-money laundering programme and ensure compliance with UK regulations.
- Company: Join a dynamic team in London focused on financial integrity and compliance.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact in the fight against financial crime while growing your career.
- Qualifications: 5+ years in AML compliance, strong analytical skills, and relevant certifications preferred.
- Other info: This role is perfect for those passionate about finance and regulatory compliance.
The predicted salary is between 48000 - 72000 £ per year.
We are seeking a dynamic and experienced Money Laundering Reporting Officer (MLRO) to join our team in London, UK. As the MLRO, you will play a pivotal role in our compliance department, overseeing and managing the company's anti-money laundering (AML) program in accordance with UK regulations.
Key Responsibilities:
- Act as the primary point of contact with the UK Financial Conduct Authority (FCA) and other relevant authorities regarding AML matters.
- Develop, implement, and maintain an effective AML program, including policies, procedures, and controls.
- Conduct regular risk assessments and monitor transactions for potential suspicious activities.
- Lead the company's AML training and awareness programs for employees.
- Keep abreast of evolving AML regulations and ensure the organization's compliance.
- Report any suspicious activity to relevant authorities and file Suspicious Activity Reports (SARs) as required.
- Maintain accurate records and submit the annual FCA financial crime submission.
- Report financial crime risk metrics on a monthly basis.
- Collaborate with internal departments to ensure AML compliance and provide guidance on AML matters.
- Conduct periodic AML audits and assessments.
- Stay current on industry best practices and ensure continuous improvement of the AML program.
- Ensure a culture of AML compliance throughout the organization.
Qualifications:
- Bachelor's degree in finance, law, or a related field. A relevant professional certification (e.g., CAMS, ICA) is a plus.
- Extensive experience (5+ years) in AML and financial crime compliance within the UK financial sector.
- Held SMF17 / MLRO Status within Banking previously.
- In-depth knowledge of UK AML regulations, including the Money Laundering Regulations 2017.
- Strong analytical skills with the ability to identify and assess potential AML risks.
- Excellent communication and leadership skills.
- Detail-oriented with the ability to work independently and collaboratively.
- High level of integrity and a commitment to maintaining confidentiality.
Contact Detail:
IPB PAY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance & MLRO
✨Tip Number 1
Network with professionals in the compliance and financial crime sectors. Attend industry events, webinars, or local meetups to connect with others who may have insights or opportunities related to the MLRO role.
✨Tip Number 2
Stay updated on the latest AML regulations and best practices. Follow relevant publications, blogs, and regulatory bodies like the FCA to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Consider reaching out to current or former employees of StudySmarter to gain insights into the company culture and expectations for the MLRO position. This can help you tailor your approach when applying.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that showcase your ability to manage AML programs and lead compliance initiatives. Highlighting your achievements will set you apart from other candidates.
We think you need these skills to ace Head of Compliance & MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in AML and financial crime compliance. Emphasise any previous roles where you acted as an MLRO or held SMF17 status, and include specific achievements that demonstrate your expertise.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the ideal candidate for the Head of Compliance & MLRO position. Discuss your understanding of UK AML regulations and how your skills align with the responsibilities outlined in the job description.
Showcase Your Leadership Skills: Since this role involves leading AML training and awareness programmes, provide examples of your leadership experience. Highlight any initiatives you've led that improved compliance culture or training effectiveness in previous positions.
Highlight Continuous Learning: Mention any relevant certifications (like CAMS or ICA) and your commitment to staying updated on evolving AML regulations. This shows your dedication to professional development and ensures the company that you will keep their compliance programme current.
How to prepare for a job interview at IPB PAY
✨Know Your AML Regulations
Make sure you have a solid understanding of UK AML regulations, especially the Money Laundering Regulations 2017. Be prepared to discuss how these regulations impact the company's operations and your approach to compliance.
✨Demonstrate Leadership Skills
As the MLRO, you'll need to lead training and awareness programmes. Be ready to share examples of how you've successfully led teams or initiatives in the past, showcasing your ability to foster a culture of compliance.
✨Showcase Analytical Abilities
Highlight your experience with risk assessments and monitoring transactions. Prepare to discuss specific instances where your analytical skills helped identify suspicious activities or improve compliance processes.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your decision-making skills in real-life AML situations. Think about how you would handle reporting suspicious activities or collaborating with authorities, and be ready to articulate your thought process.
