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- Tasks: Join us as a Deputy MLRO, ensuring compliance and leading operational excellence in onboarding.
- Company: Be part of an FCA licensed E-Money Institution in the vibrant West End of London.
- Benefits: Enjoy a competitive salary, flexible working options, and a dynamic team environment.
- Why this job: Make a real impact in compliance while developing your leadership skills in a supportive culture.
- Qualifications: 6+ years in compliance, strong communication skills, and knowledge of AML regulations required.
- Other info: Opportunity to manage a small team and work closely with senior management.
The predicted salary is between 64000 - 85000 £ per year.
Sterling Williams are currently working with an FCA Licenced E-Money Institution based in the West End of London who are looking to hire a Deputy MLRO on a permanent basis. Compliance is at the heart of the business and is led by an experienced MLRO and Senior Managers; this role will add real impact and leadership, and will be a highly valued team member.
Permanent Salary circa £80 - £85,000 pa plus benefits. West End Based (Mayfair) - 4 days in the office and 1 day from home.
What You’ll Be Doing:
As Deputy MLRO, you’ll play a critical role in protecting the business and their customers by ensuring compliance with AML regulations and leading operational excellence in onboarding and monitoring. Responsibilities will include:
- Onboard customers, carrying out KYC and AML compliance checks in line with the Company’s onboarding policies and procedures (all non-Financial Institution/non FI’s clients).
- Act as a point of escalation for high-risk clients.
- Oversee daily transaction monitoring and data validation.
- Investigate and review transactions that have exceeded set thresholds.
- Monitor transactions and KYC applications for unusual activity, investigate and create reports of suspicious activity and usage patterns.
- Assist with the Company’s regulatory and legal concerns and update internal policies and procedures.
- Lead Monthly Management Information collation for the Board.
- Lead Risk Calibration and Compliance Systems implementation.
- Provide ad hoc assistance to the Chief Compliance Officer/MLRO on projects, senior management queries and requests.
- Assist with the Compliance Monitoring Plan and Quality Assurance activities.
- Deputise for the Chief Compliance Officer/MLRO when required, including at Risk Committee meetings, where you will take Minutes.
- Managing a small team of associates and analysts.
The successful candidate will have:
- Proven experience as a Senior Compliance Officer/Financial Crime Manager or Compliance Manager (6 years plus).
- Experience in managing a team, having developed strong communication skills.
- Solid experience in risk management.
- Strong knowledge of legal requirements and controls (e.g. EU Money Laundering Directives).
- Familiarity with industry practices and professional standards.
- Risk Calibration for Transaction Monitoring and Onboarding systems.
- Experience in compliance systems implementation is a plus.
- Knowledge of Blockchain/Cryptocurrency, and/or experience in a Fintech/EMI would be beneficial.
- A BSc/BA in Law, Finance, Business Administration, and/or a professional certification (e.g. ICA) is a plus.
Deputy MLRO (Money Laundering Reporting Officer) employer: Sterling Williams LTD
Contact Detail:
Sterling Williams LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy MLRO (Money Laundering Reporting Officer)
✨Tip Number 1
Familiarise yourself with the latest AML regulations and compliance practices. This will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the compliance and financial crime sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the Deputy MLRO position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues or led teams in previous roles. Highlighting your leadership skills and problem-solving abilities will set you apart from other candidates.
✨Tip Number 4
Research the company’s culture and values, especially their approach to compliance and risk management. Tailoring your conversation to align with their ethos during interviews can significantly boost your chances of landing the job.
We think you need these skills to ace Deputy MLRO (Money Laundering Reporting Officer)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance, financial crime management, and team leadership. Use specific examples that demonstrate your ability to handle AML regulations and KYC processes.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the Deputy MLRO position. Emphasise your experience in risk management and compliance systems implementation, and how you can contribute to the company's goals.
Highlight Relevant Skills: In your application, focus on key skills such as communication, investigation, and analytical abilities. Mention any familiarity with Blockchain or Cryptocurrency, as this could set you apart from other candidates.
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 Sterling Williams LTD
✨Know Your AML Regulations
Make sure you have a solid understanding of AML regulations and compliance requirements. Be prepared to discuss specific laws and directives, such as the EU Money Laundering Directives, and how they apply to the role.
✨Demonstrate Leadership Skills
As a Deputy MLRO, you'll be expected to lead a small team. Highlight your experience in managing teams and your ability to communicate effectively. Share examples of how you've successfully led projects or initiatives in the past.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with transaction monitoring and data validation. Prepare to explain how you've investigated unusual activity and created reports on suspicious transactions, showcasing your analytical mindset.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in high-risk situations. Think about past experiences where you had to make quick decisions regarding compliance issues and be ready to share those stories.
